3:26:32 PM | 7/8/2005
The Hoang Thach Cement Co. in the northern province of Hai Duong will raise the total investment for its third production line to VND1.94 trillion (US$123.7 million) from the initial investment capital of VND1.55 trillion (US$98.6 million).
The company is now implementing equipment bidding under the state bidding regulations to select one of four applying contractors.
The project is expected to start in the third quarter of 2005 and after completion, it will lift the company’s total capacity to 3.5 million tons per year.
Also this year, the company plans to sell nearly 3.5 million tons of cement, compared with 3.6 million tons in 2004.
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