Phu Son Cement Co. to Build US$136.3Mln Factory in Ninh Binh

2:29:16 PM | 13/2/2007

The Phu Son Cement Joint Stock Company is preparing to start work on a new plant in the northern province of Ninh Binh, at total cost of US$136.3 million, in a bid to meet domestic demand.
The planned facility is set to be constructed in two phases, the first phase expected to pump out 1.2 million tons of cement per year in 30 months. The second phase will begin in 2010 and raise the total annual capacity of the factory to 2.4 million tons.
The factory will use material sources available in the local area for operation, with a plan to sell most of the production in the local market.
Construction Vice Minister Tong Van Nga said Vietnam plans to raise total output of cement to 50 million tons in 2010, and about 70 million tons in 2020. At present, local cement factories have a total capacity of around 32 million tons, and these factories are operating at full capacity to meet the domestic demand.
However, according to Vietnam Cement Corp., the local cement industry will reach a total capacity of around 60 million tons per year in 2010 when about 40 new cement factories come on line. (VIR)