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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Monday, May 12, 2025

German firm taps Vietnam for its cement business operations

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HCMC – Thyssenkrupp, a German industrial conglomerate, has announced the transition of its cement business headquarters to Vietnam, with the country being a base to serve customers across the Asia-Pacific region.

“Considering Vietnam is the largest market in terms of cement production in the dynamic and growing region, I am convinced of the success of this strategic move to bundle our activities in Vietnam,” said Pablo Hofelich, CEO of Thyssenkrupp’s Cement Technologies.

Its office newly-opened in Hanoi City, with more than 80 staff members, is one of the largest engineering centers of thyssenkrupp Industrial Solutions AG, which has a long track record of successful projects, most recently in Thailand and Cameroon.

The office provides a wide range of solutions from engineering and fabrication to operation and maintenance.

Currently, the office is working on localization projects, aimed at combining the competence of local fabricators with German expertise and quality control processes to offer the best solutions to customers at competitive prices.

Thyssenkrupp operates in 78 countries, generating 42 billion euros in revenue in the 2018-2019 fiscal year.

By Minh Tam

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