Thai Building Materials Company to Invest in Vietnam

< P > < FONT face = Verdana > < FONT face = Verdana > According to Vietnam's Communist Party Electronic News on December 6, Thailand's Conwood Company will invest in Vietnam and select relevant companies in Vietnam to become the company's exclusive agent. Conwood, a member of the Nakhon-Luang Cement Group, has been focusing on the Vietnamese market since its participation in the Vietbuild Expo in October.

< P > < FONT face = Verdana > According to the plan, Conwood will build a factory in Vietnam in the next five years, but considering the large demand for building materials in Vietnam's infrastructure industry and other construction markets, the plan may be advanced to next year. The production capacity of the assembly line adopted by the factory can reach 40000 tons per year.

< P > < FONT face = Verdana > Due to the rapid development of the Vietnamese market, the company will consider Vietnam as an investment target in the coming years. The company plans to achieve a turnover of $1 million in 2008 and $5 million in 2011.

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