Lao Cement Co has opened for trading on the Lao Securities Exchange. The company’s participation in the Lao stock market will help to boost socio-economic development, create job opportunities and help to upgrade Lao products to international standards, said Voravong Vanhkham, CEO of the securities exchange said.
The demand for cement products in Laos is continually on the increase and investment in the cement company is certain to reap benefits, according to Chairman of the Loa Cement Co Board of Directors, Liu Wei.
Lao Cement Co was established in 1998 with a 700tpd plant at Vanvieng, Vientiane province. The company is a preferred partner in technological and economic cooperation projects between the Lao and Chinese governments, including projects using Chinese concessional loans to Laos.
