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| Lafarge inaugurates its first plant in southern Vietnam Lafarge has just inaugurated its first cement grinding plant on the Long Tau river, 25km south-east of Ho Chi Minh City, in the Dong Nai province. The construction and commissioning of this 500,000 ton grinding facility with a private port was achieved in less than eighteen months, for a total investment cost of US$30 million. It is the first project of Lafarge Xi Mang, the Joint Venture in which Lafarge owns a 70% interest alongside a Vietnamese building materials company. The Vietnamese cement market is expected to reach 30 million tons in 2006 with annual growth averaging close to 15% over the past decade. Vietnam currently has to import over 4 million tons of clinker per year. Ho Chi Minh City already has a population of close to 7 million, a figure that may double over the next ten years. Since 1995, GDP has increased at an annual average rate of 12%. Dong Nai province is also enjoying very rapid expansion, with some of the country's highest growth rates, including 20% for the industrial sector. write your comments about the article :: © 2006 Construction News :: home page |