Vicem Hoang Mai plans to build cement factory in Nghe An
Vicem Hoang Mai Cement Joint Stock Company plans to build a cement factory, with the first phase expected to cost more than 6.67 trillion VND (286 million USD), in the central province of Nghe An.
During the meeting in May, Chairman of the provincial People's Committee Thai Thanh Quy granted approval in principle for the investor to develop the factory, which is part of the development strategy for the cement industry to 2030, approved by the Prime Minister. (Photo: baonghean.com)
Hanoi (VNA) - Vicem Hoang Mai Cement Joint Stock Company plans to build acement factory, with the first phase expected to cost more than 6.67trillion VND (286 million USD), in the central province of Nghe An.
Covering60ha in the province’s Hoang Mai 2 Industrial Zone, the factory hasa designed production capacity of 3 million tonnes of cementper year.
Oncecompleted, the factory will contribute to fostering the province’ssocio-economic development, creating 500 local jobs while bettermeeting domestic and international demands for cement, the investor said.
During ameeting in May, Chairman of the provincial People's Committee Thai ThanhQuy granted approval in principle for the investor to develop thefactory, which is part of the development strategy for the cementindustry to 2030, approved by the Prime Minister.
TheMinistry of Construction predicted that demand for cement and clinker wouldlikely increase marginally to 98-99 million tonnes by the end of this year.
Thiswould include domestic consumption of 70 million tonnes and exports of 28-29million tonnes, it said.
Demandgrew by 19 percent last year to 96.7 million tonnes, with exports accountingfor 31.6 million tonnes, up 55 percent year on year.
The VietnamCement Association previously estimated that upgrades and new investments wouldincrease the production capacity of the industry to 120-130 million tonnes by2020.-VNA
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During the meeting in May, Chairman of the provincial People's Committee Thai Thanh Quy granted approval in principle for the investor to develop the factory, which is part of the development strategy for the cement industry to 2030, approved by the Prime Minister. (Photo: baonghean.com) 
