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ThaiGroup kicked off 4.5 million tons of cement project in Binh Phuoc

Created On: 18/10/2019 15:39:20

After a period of preparation, Xuan Thanh Group officially started construction of Minh Tam Cement Plant with a capacity of 4.5 million tons in Hon Quan District, Binh Phuoc Province in the first days of 2017.

Prime Minister Nguyen Xuan Phuc, former General Secretary Le Kha Phieu and former President Nguyen Minh Triet attended the commencement ceremony.

Previously, ThaiGroup Group bought Minh Tam Cement Project from the former investor, Eastern Joint Stock Company because the project was financially difficult and could not be implemented.

Minh Tam Cement Plant with a total investment of about 4,000 billion VND, was started construction in the fourth quarter of 2011 and is expected to launch in the fourth quarter of 2013. However, because Eastern Joint Stock Company made a loss, the project could not be implemented on schedule. Finally, Eastern Joint Stock Company was forced to cede to ThaiGroup.

Tại lễ khởi công, Thủ tướng Nguyễn Xuân Phúc đánh giá cao Tập đoàn Xuân Thành có quyết tâm đầu tư vào tỉnh Bình Phước. Thủ tướng cũng đề nghị chủ đầu tư thực hiện Dự án như đúng cam kết.

At the ground-breaking ceremony, Prime Minister Nguyen Xuan Phuc highly appreciated Xuan Thanh Group's determination to invest in Binh Phuoc province. The Prime Minister also asked the investor to implement the project as committed.

Minh Tam Cement Factory project with Kaito Ha Tien Cement products is manufactured according to advanced European lines, ensuring environmental standards.

The project covers an area of ​​400 ha, with a total investment of 12,000 billion VND, a total capacity of 4.5 million tons of cement / year is constructed within 24 months.
Accordingly, ThaiGroup said the project's items will be completed and put into operation in the third quarter of 2018.

Phase 1 of the project with a total area of ​​124.8 ha, with a capacity of 2.6 million tons of cement / year, an investment of 6,795 billion, including 4 items of plant area of ​​45 hectares, ground material mines and dumping yards of 60.8 ha, conveyor belts of 9 ha and dams and rotary yards of 10 ha.

Minh Tam Cement Plant uses technology of Thyssen Krupp Group, Germany. This is the 4th cement factory of Xuan Thanh Group in the country.
 
 

At the ground-breaking ceremony, Prime Minister Nguyen Xuan Phuc highly appreciated the Xuan Thanh Group's determination to invest in Binh Phuoc Province, and noted that the Group needs to use the limestone quarry here not only in the project cycle. It must save to extend the use, maybe for many other factories, because this is the last limestone quarry of the Truong Son Range.

Prime Minister Nguyen Xuan Phuc also suggested that the investor must keep his words in line with the job, to complete the factory as committed, within 18 months or 2 years, in order for this plant to contribute to the development soon. Socio-economic development of Binh Phuoc province.

In addition, the Prime Minister noted that investors use the country's resources most effectively, not only in the project cycle but also to save for long-term use, possibly for many other factories. The Prime Minister also emphasized that besides the goal of economic development, attention should be paid to preserving the living environment for the people.

ThaiGroup is concretizing the goal of becoming a large-scale cement production and supply enterprise. The Group has invested and put into operation Thanh My Cement Plant - Quang Nam, Xuan Thanh Cement Factory - Ha Nam with famous brand names in construction materials industry ....
In addition to cement and construction materials, the Group is active in many fields, including construction, transportation, real estate, tourism, chemicals, etc. Thaigroup is also the investor of a number of real estate projects. - large hotels such as Kim Lien Hotel, 5-star Park Hyatt Hotel (Hanoi), Enclave Phu Quoc Resort and Tourism Complex project ...

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