The French financial firm, Societe Generale, will provide US$86 million in loans for the Ha Tien Cement Plant I to support a cement plant project in the Mekong Delta province of Binh Phuoc. An agreement to this effect was signed in HCM City on July 11.

Nguyen Ngoc Anh, Director of the Ha Tien Cement Plant I, said that the loans will be used for supplying clinker production technology and technical services to the US$300-million Binh Phuoc Cement Plant project.

The project, which is owned by the Ha Tien Cement Plant I, includes a main plant in Binh Long district, Binh Phuoc province, and a cement grinding and distribution station at Phu Huu Industrial Zone in HCM City.

The main plant, with an annual design capacity of 1.6 million tonnes of clinker, will supply material to the grinding station to produce 1 million tonnes of cement a year.