Shareholders of Vicem’s Hoang Mai Cement Joint Stock Co have agreed invest VND102.7bn in projects this year.

Local press report that the company plans to spend VND67bn in building a new production line in Hoang Mai 2 cement plant with designed capacity of 4.5Mta.

In 2012, the company has set targets to reach total revenue of VND1.645trn, pre-tax profit of VND163bn, increasing by 11.4 per cent and 7.8 per cent respectively against 2011.