The facility was a combination of buyer credit and commercial loan to LILAMA, a state owned company and the largest construction company in Vietnam.
Lilama will develop the Thang Long Cement plant through a joint stock company with a private company, Geleximco. The German supplier Polysius will provide a grinding station and a full cement plant to the Thang Long Cement Corporation.
The financing package includes a Euler Hermes supported credit for € 107.7 million plus a commercial loan of € 21.7 million.
This is the largest export credit ever signed in Vietnam (non aircraft).