Cement News tagged under: Vicem
Vicem sees Jan-Aug sales up 12% YoY12 September 2018, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) reported cement and clinker sales of 18.88Mt in the first eight months of this year. This represents an increase of 11.5 per cent when compared with 8M17. Clinker production from the company’s cement plants also increased by six per cent to 13.43Mt while in terms of cement, output rose 6.3 per cent to 15.24Mt. In August alone, clinker and cement sales were up 28.3 per cent YoY to 2.57Mt, of which 2.06Mt was exported. Clinker output increas... |
Vietnam's Ministry of Construction opposes transfer of Quang Son to Vicem24 July 2018, Published under Cement NewsVietnam’s Ministry of Construction has opposed the Ministry of Industry and Trade’s proposal to transfer the 1.5Mta Quang Son facility from Vinaincon to Vicem, both state-owned corporations, partially due to the plant’s losses and mounting loans, according to Viet Nam News. "Quang Son cement plant is located in an unfavorable position for transportation that leads to high production costs," said Luong Quang Khai, chairman of the board of members, Vicem. "In addition, the plant is suffe... |
Vicem reports 10% sales increase in 1H1818 July 2018, Published under Cement NewsVietnam’s Vicem has reported a 10.1 per cent YoY increase in cement and clinker sales for 1H18, with the total 14.7Mt including 11.74Mt of exports. Additionally, the company’s cement and clinker output rose 8.5 per cent and 6.4 per cent to 10.15Mt and 11.56Mt, respectively. It aims to produce a further 5.08Mt of clinker and 6.28Mt of cement in the 3Q18, up 24.7 per cent and 1.4 per cent, respectively, according to the company’s statement. Vicem has targeted over VND37trn (US$1.61bn) of... |
Former Vicem general director dismissed from executive comittees12 July 2018, Published under Cement NewsTran Viet Thang, former general director of the Vietnam Cement Industry Corporation (Vicem), has been dismissed as member of the Executive Committee of the Central Businesses’s Party Unit and member of the Executive Committee of Vicem's Party unit. Thang has been found guilty of several legal violations as well as breaking Party rules. Tran Viet Thang took control of Vicem, the country's leading cement producer, in September 2013, but the state-owned company had built up VND4trn (US$175.2m)... |
Vietnam Ministry proposes Quang Son cement transfer to Vicem05 June 2018, Published under Cement NewsThe Vietnamese Ministry of Industry and Trade has proposed to the government to transfer the management of Quang Son cement plant from Vietnam Industrial Construction Corp (Vinaicon) to Vietnam Cement Industry Corp (Vicem), which are both government-run corporations, amid having huge losses and mounting loans, according to Viet Nam News. The loans have increased to 95 per cent of the total VND3.5trn (US$153m) of the project. Moreover, Vinaincon has no extra cash to fund the project, which... |
Vicem announces 7% sales increase23 May 2018, Published under Cement NewsVietnam’s leading cement producer, Vicem, has announced a 6.7 per cent YoY increase in sales of clinker and cement to 9.2Mt for the first four months of 2018, according to Vietnam News. In the same period, the company’s clinker and cement output also increased five and 1.5 per cent to 6.49Mt and 7.24Mt, respectively. Vicem aims to produce 1.8Mt of clinker and 2.5Mt of cement in May alone, while its cement and clinker sales are expected to reach 2.7Mt in the month. Outlook for 2018 In... |
Minister requests Vicem to step up performance05 April 2018, Published under Cement NewsThe Vietnam Cement Industry Corporation (Vicem) has been challenged, at a working session, by Mai Tien Dung, Minister and Head of the Government Office, to attach special importance to restructuring and equitisation – two of the key tasks assigned by the Vietnamese government and the Prime Minister for the corporation. The Minister stressed that Vicem must boost the quality and effectiveness of its operations. Minister Dung emphasised that VICEM should increase its share of the domestic... |
Vietnam cement sales rise 5% in March28 March 2018, Published under Cement NewsVietnam sold an estimated 7.96Mt of cement in March, representing a 4.5 per cent MoM increase and 25 per cent of the full-year target, according to the Vietnam Building Material Association. Domestic market sales rose 12.6 per cent MoM to 5.56Mt but fell 11 per cent on the year-ago period. The figure includes 2.1Mt sold by the Vietnam Cement Industry Corporation (Vicem). The country’s exports reported significantly positive results, advancing 30 per cent YoY to 2.3Mt. In the 1Q18 ... |
Vicem sees 3% rise in cement and clinker sales10 January 2018, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) reported sales of 26.6Mt of cement and clinker in 2017, representing a YoY increase of three per cent. Of the total, 23.6Mt were delivered to the domestic market, up four per cent YoY and a further 3Mt were exported. However, the company saw a five per cent fall in revenues to VND34.16tn when compared with the previous year. The cement producer’s profit increased seven per cent to VND2.85tn. The company contributed VND1.62tn to the stat... |
Vietnam's Vicem sells 20.93Mt of cement and clinker in 10M1723 November 2017, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem), the country’s leading cement producer, sold 20.93Mt of cement in the first 10 months of 2017. The volume reflects a drop of 1.1 per cent YoY. Vicem cement production also declined 3.6 per cent YoY in 10M17 to 17.75Mt with output in October at 1.86Mt, down 8.6 per cent when compared with October 2016. However, clinker output advanced 3.8 per cent YoY to 15.97Mt in the 10M17, including 1.6Mt in October, up 3.7 per cent YoY. In November, V... |