ThaiGroup JSC, formerly known as Xuan Thanh Group JSC, has signed deal with the UK-based Ores & Minerals UK Ltd to export cement to South Africa, local media said.
Under the contract worth US$1.2bn signed on 2 March 2016, the Vietnamese company will export a total volume of 20Mt of cement to South Africa within 10 years, said Nguyen Xuan Thuy, general director of ThaiGroup JSC.
The Vietnamese company will also handle the transportation and buy insurance for the whole contract, the country’s biggest of cement export contract so far.
