Lilama, BNP Boost for US$164-Mln Cement Project

Lilama, BNP Boost for US$164-Mln Cement Project

Lilama Corporation (Lilama) and France’s BNP Paribas Bank (BNP) on November 19 signed US$164-million credit contract to import equipment for the Thang Long cement project that is expected to become operational in 2007. 

The project includes a major cement plant in Hoanh Bo district, Quang Ninh province, and a grinding station in Hiep Phuoc Industrial Park with capacity of 2.3 million tonnes of cement, and will be conducted with an investment of US$346 million by Thang Long Cement Joint-stock Company and the two main partners of Lilama and the General Export-import Company (Geleximco).

The large-scale cement project holds many advantages such as abundant sources of high-quality limestone, clay and coal near by the plant. Particularly, the plant is located near a seaport that can accommodate large-capacity ships to transport its products to the South and other regions in the world.      

• S.K