Int’l Asia-Potash Industrial Park Production Launched

17/11/2024 22:16
Email Print 170
KPL The ceremony for the Phase 1 production launch and capacity expansion of investment projects in the Asia-Potash International Intelligent Industrial Park took place on November 16, 2024. The launching event was attended by Prime Minister Sonexay Siphandone, along with other Party and government leaders, ministers, provincial governors, senior executives of the Asia-Potash International, and other relevant parties.


(KPL) The ceremony for the Phase 1 production launch and capacity expansion of investment projects in the Asia-Potash International Intelligent Industrial Park took place on November 16, 2024.

The launching event was attended by Prime Minister Sonexay Siphandone, along with other Party and government leaders, ministers, provincial governors, senior executives of the Asia-Potash International, and other relevant parties.

The Asia-Potash Intelligent Industrial Park, also known as the Asia-Potash International Industrial Park, is a foreign-invested industrial zone and the first project in the Lao PDR spearheaded by the government and Khammuan Province in collaboration with Asia-Potash International.

This project is a key implementation of the strategic vision to build Laos’ independent and self-reliant economy.  Asia-Potash International is a pioneer in developing the potash and potassium industries. 

The projects encompass potash mining and processing facilities, bromine production expansion with a capacity of 50,000 tons annually, chlor-alkali production expansion with a capacity of 100,000 tons annually, and limestone (dolomite) mining and processing with a capacity of 600,000 tons annually.

Mr. Zheng Youye, Deputy General Manager of Asia-Potash International Investment (Guangzhou) Co., Ltd., highlighted that these projects represent the first large-scale initiatives in the Lao PDR. Once operational, the combined projects are expected to generate an annual production value of USD 500 million.

The successful launch of these initiatives will mark a significant milestone for the Asia-Potash International Industrial Park, showcasing advancements in bromine chemical industry, chemical salt production, high-tech integration, and intelligent industrial management.

The park aims to contribute to Laos’ economic development by integrating cutting-edge technology and promoting sustainable industrial practices.

KPL

ຂ່າວອື່ນໆ

    • Lao-Chinese Business Forum Held in Hangzhou, ChinaEconomics

      Lao-Chinese Business Forum Held in Hangzhou, China

      11/11/2024 4:35:18 PM

      The Lao-Chinese Business Forum took place on November 9, 2024, in Hangzhou, Zhejiang Province, China. The event saw participation from government and business representatives from both Laos and Zhejiang Province, China, with Prime Minister Sonexay Siphandone delivering the keynote address.

    • Betagro launches its first animal feed plant in LaosEconomics

      Betagro launches its first animal feed plant in Laos

      11/11/2024 4:05:53 PM

      Betagro Public Company Limited, or "BTG," inaugurated last week its first animal feed factory in the Lao PDR. The factory, established with an investment of over 650 million baht, uses advanced technology in animal feed production and resource management, with an annual production capacity of 108,000 tons.

    • Economic Growth in Laos Demands Urgent Reforms for Stability, Says World BankEconomics

      Economic Growth in Laos Demands Urgent Reforms for Stability, Says World Bank

      11/8/2024 9:44:41 AM

      Vientiane, Nov 7, 2024 – Laos’ economy has shown slight growth this year, but a heavy debt burden and ongoing macroeconomic instability continue to limit its potential, according to the World Bank’s latest Lao PDR Economic Monitor: Reforms for Stability and Growth.

    • Laos Inflation Eases to 20.7% in OctoberEconomics

      Laos Inflation Eases to 20.7% in October

      11/7/2024 5:57:21 PM

      Laos’ inflation rate saw a slight decline in October, dropping to 20.7% from 21.7% in September and 24.3% in August, according to a report from the Lao Statistics Bureau.

    • Party Calls for Urgent Economic Reforms, Sets Stage for 12th CongressEconomics

      Party Calls for Urgent Economic Reforms, Sets Stage for 12th Congress

      11/5/2024 9:49:46 AM

      Lao People’s Revolutionary Party Secretary General and President Thongloun Sisoulith urged swift action on the nation’s economic challenges, emphasizing that these issues "can no longer be left unaddressed.

ຂ່າວ KPL Laos News

Top