Group opens new $510 million line at Economic Zone in Thanh Hoa.
The Cong Thanh Group officially opened the second production line at its cement plant in Thanh Hoa province’s Nghi Son Economic Zone on December 27. With total investment of $510 million the new line has a capacity of 12,500 tonnes of clinker a day or 3.6 million tonnes of cement a year. The new line boasts the most modern technologies from Germany.
The plant can now produce 15,000 tonnes of clinker a day or 6 million tonnes of cement a year, making it the biggest cement plant in Vietnam, according to Group Chairman Nguyen Cong Ly. It also provides high quality products to the market that are suitable for different environmental conditions.
The new production line is among projects approved by Prime Minister Nguyen Tan Dung in the country’s cement development planning by 2010 and orientation towards 2020. Under the planning, Cong Thanh’s cement plant will contribute 95 million tonnes to the country’s cement capacity by 2019, guaranteeing supplies to both the domestic and export markets.
Under the group’s business plans in 2016 it will sign agreements with distributors for 70 per cent of its cement products to go to the domestic market and 30 per cent to be exported to markets in ASEAN.
Established in 2006 the Cong Thanh Group now includes nine member companies in a range of sectors, including cement, thermal power, fertilizer, transport, and hotels and resorts.