Hoang Mai Cement to invest in new line, Vietnam

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.