In the second part of an export finance transaction, SG corporate and investment bank and BNP Paribas energy commodities export project ECEP have raised Euro75.2 million for the construction of a cement plant in Vietnam.
The Cam Pha cement plant in the north of the country will have an annual capacity of 2.3 million tonnes and is being sponsored by the Vietnam Construction and Import-Export Corporation Vinaconex.
The first part of the transaction was closed in October last year, when Euro20 million was raised to build a grinding plant with an annual capacity of 1.5 million tonnes.
This initial deal was completed...
