ThaiGroup JSC has received approval from the Peoples’ Committee of Quang Nam province in Vietnam's central region to develop the second cement plant in the area.

The company plans to build the plant on an area of 6.5ha in Thanh My town, Nam Giang district, Vietnam's Ministry of Construction said.

The plant, named Thanh My 2 cement plant, will have a total investment of VND11trn (US$489m) and capacity of 12,500tpd of clinker.

ThaiGroup, formerly known as Xuan Thanh Group JSC inaugurated its Thach My 1 cement plant in the province in 2014. The plant has a capacity of 2Mta.