en.Wedoany.com Reported - Conch and the Department of Industry and Commerce of Khammouane Province, Laos recently signed a memorandum of economic exchange and cooperation, reaching a cooperation intent on the comprehensive development of mineral resources in Khammouane Province. This marks another progress in Conch's overseas expansion.

Khammouane Province is an important mineral resource-rich area in Laos, with favorable conditions for mining development. According to the memorandum, the two parties will cooperate in the exploration, mining, processing of mineral resources, as well as the construction and operation of supporting infrastructure. Conch will leverage its industrial accumulation in mineral resource development, cement and building materials, along with its advantages in capital, technology, and management, to align with the local business environment and resource conditions, promoting efficient, green, and sustainable utilization of resources.

Conch Group has accelerated its "going global" pace in recent years, investing in RCEP member countries such as Indonesia, Myanmar, Laos, Thailand, and Cambodia, with a cumulative investment scale exceeding 15 billion yuan and establishing 24 enterprises. In Laos, Conch has completed the Luang Prabang Conch Cement project. In February this year, the main construction of its second physical project—the Vientiane Conch 300,000-ton annual limestone project—officially commenced. The cooperation intent reached with Khammouane Province in the mineral resources sector signifies Conch's expansion from cement and building materials to comprehensive mineral resource development in the Lao market, further broadening its business footprint.

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