Engineering firm Inekon to build Eur 120 mn cement plant in Vietnam
Inekon, a Czech engineering firm, will start building a CZK 3bn (Eur 120.4 mn) cement plant for Vietnamese Phu Son Cement in this month. Czech PPF Banka will provide CZK 2.5 bn to Phu Son Cement to cover part of the construction costs. The loan is guaranteed by the Czech export guarantee and insurance company EGAP. The plant, expected to be completed in two year, will reduce the Vietnamese industry's cement dependence on Thailand. Inekon is implementing projects in Asia worth a total of Eur 700 mn, including the construction of a Eur 185 mn cement plant in Egypt and a Eur 127.5 mn cement plant in Morocco.
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