Inekon Group successful in cement works constuction
Important Czech company announced new construction of cement works in Vietnam. Same company is active on Egyptian market as well as in Syria and Morocco.
Next January Inekon Group (www.inekon.cz) will commence construction of the Phu Son cement works in Vietnam for almost CZK 3 bln. The investment into construction will according to general manager Josef Hušek total EUR 156 mln (CZK 3.931 bln). The project investor is Vietnamese company Phu Son Cement. Once completed, the cement works will provide roughly 300 jobs. A loan worth roughly CZK 2.5 bln has been provided by PPF Banka (www.ppfbanka.cz).
Next year the turnover of the Inekon Group will triple y/y to almost CZK 2 bln According to the company this will also be the result of the construction of the Phu Son cement works in Vietnam. According to general manager Josef Hušek the company´s other projects include cement works worth EUR 185 mln (CZK 4.662 bln) in Egypt. Other planned projects include cement works in Syria or Morocco.
Source: Daily News Czech AM, www.cianews.eu
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