Vicem eight-month sales rise 9.5%

Vietnam Cement Industry Corp (Vicem), domestic market leader, said cement and clinker sales rose by 9.5 per cent YoY to 14.38Mt.

Domestic sales accounted for 13.64Mt of the total while 742,000t was exported. The group produced 10.89Mt of clinker and 11.13Mt of cement, up 12.5 and 11.8 per cent YoY, respectively.

However, in August 2013 alone, sales fell 9.47 per cent to 1.76Mt from the previous month but were up 5.1 per cent YoY. Domestic shipments accounted for 1.62Mt, down 5.7 per cent MoM, while 133,000t of cement was exported (falling 39.27 per cent).  The group produced 1.37Mt of clinker and 1.36Mt during the period. For September, Vicem targets sales to reach 1.88Mt this month.

Last year it sold 20.4Mt, an 8.8 per cent rise compared to 2011.