October 19, 2017

SHINHAN Bank provides US$50 million to clinker grinding mill plant project

The clinker grinding mill plant would be built on 24 acres and expected to start the work on construction of the plant in September this year.
The clinker grinding mill plant would be built on 24 acres and expected to start the work on construction of the plant in September this year.

A KOREAN developer signed a reservation agreement with MJTD yesterday on the building of a clinker grinding mill plant.
Under the agreement, Korean’s Yojin Construction and Engineering will build the clinker grinding mill plant in Thilawa Special Economic Zone (Phase-2).
The plant is expected to produce one million tons of cement a year. Construction will take about one and half year and total investment cost will be around US$ 80 million.
On the same day, SHINHAN Bank signed an MoU with Yojin for providing financial advice and the arrangement for US$ 50 million to go towards the project.

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