Can Tho Mineral and Cement JSC (CCM) has announced that it has opened a new 0.5Mta cement plant on the Phu Huu industrial park near the border with Cambodia.
The plant was built at a cost of VND180bn (US$8m). According to VietNam Finance, CCM believe that their investment is justified giving growing domestic demand for cement. According to estimates from the Vietnam's Cement Association, consumption is set to rise by 6Mt in 2016 to 60Mt.
Nguyen Van Tuan, Vice Chairman of Hau Giang Province said that the plant was "an important prerequisite for the company to develop products and expand the market in the Mekong delta".
