Societe Generale lends US$150m to cement company

The branch of French bank Societe Generale on October 15 in HCM City sign a credit agreement worth US$150 million or 2.4 trillion dong for Binh Phuoc Cement Co to build a new cement plant.
The plant with a design capacity of 1.6 million tonnes of clinker a year will cost a total of 4.749 trillion dong to be built at Binh Phuoc district and will have a cement grinding system with a capacity of one million tonnes of cement a year. A second cement grinding plant will be located in HCM City with a capacity of one million tonnes of cement a year. The balance of the required capital for these projects will be raised from domestic and other capital sources.

 

Category: Finance