Indonesian firm to build major cement plant in Vietnam
State-run cement producer Semen Indonesia is planning to invest about 300 million USD in building a new plant in Vietnam in the near future as part of its business expansion in Southeast Asian.
State-run cement producer Semen Indonesia is planning to invest about300 million USD in building a new plant in Vietnam in the near future aspart of its business expansion in Southeast Asian.
SemenIndonesia General Director Dwi Soetjipto said his company hopes toexpand the production capacity of its Vietnamese subsidiary, Thang LongCement Company (TLCC), by setting up a new plant with a total productioncapacity of 1.5 million tonnes of cement per year.
The plant’sconstruction is scheduled to be started in early 2015 and it is expectedto be put into operation in three years later.
TLCC’s currentproduction capacity stands at 2.5 million tonnes per year ,Soetjiptosaid, therefore the building of a factory in Vietnam is necessary forSemen Indonesia to meet the increasing demand of cement in Vietnam andother Asian countries, such as Singapore, Cambodia , Laos and Myanmar.
Semen Indonesia has now acquired 70 percent of TLCC’sshares. It has set a target of becoming one of the leading cementproducers in Southeast Asia.-VNA
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