Cement News tagged under: Vietnam
Loesche wins Than Thang Cement mill orders09 June 2020, Published under Cement NewsAt the beginning of 2020 Loesche received a follow-up order from Thanh Thang Group Cement JSC in Vietnam to supply two vertical roller mills. The two mills are destined for a new cement line at the Bong Lang cement plant in Ha Nam province. The new cement line is a greenfield project. The contract customer for this project is Sinoma-NCDRI, a long-standing Loesche partner in international cement plant construction. The two new Loesche mills type LM 53.3+3 CS have a capacity of 180tph and ... |
Vietnamese producers faced falling sales in April26 May 2020, Published under Cement NewsVietnam’s cement market contracted 11 per cent YoY and 13 per cent MoM as domestic cement sales reached 5,664,973t in April 2020, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales reached 1,935,056t in April, down 11 per cent YoY and 13 per cent MoM while its affiliates sold 1,569,917t, down 13 and 11 per cent when compared with the volumes in the same period of the previous year and the previous month, respectively. Other cement companies reporte... |
Vietnam's cement exports to China drop 5% in 1Q2012 May 2020, Published under Cement NewsChina was the largest market for Vietnamese cement imports in the first quarter of 2020, importing 2.73Mt worth US$96.92m, according to the latest data from the General Department of Vietnam Customs. This was down 5.4 per cent and 13.3 per cent YoY in volume and value, respectively, but still accounted for 35.3 per cent of Vietnam’s export volumes during the quarter. The Philippines imported 1.47Mt worth US$69.09m in the 1Q20, declining 27.5 per cent YoY in volume and 32.3 per cent in val... |
No new cement projects expected in Vietnam this year11 May 2020, Published under Cement NewsVietnam’s cement industry is not expected to see the construction of any new production lines this year, according to Nguyen Quang Cung, chairman of the Vietnam Cement Association (VNCA). Mr Cung noted that the industry is now facing oversupply, creating a challenging environment for cement firms to invest in new factories. The chairman also stated that the Thanh Son project in Thanh Hoa is yet to finish following a decade of construction. However, as previously announced, two additional ... |
Vietnamese cement dispatches slip in March29 April 2020, Published under Cement NewsVietnamese producers supplied 6,508,053t of cement to the domestic market in March 2020, according to the Vietnam National Cement Association (VNCA). This represents a decrease of one per cent YoY but a 55 per cent MoM rise. VICEM sales in March 2020 fell five per cent YoY but rose 61 per cent MoM to 2,224,216t while deliveries by its affiliates saw a nine per cent YoY drop and 50 per cent rise MoM to 1,773,837t. Other cement companies supplied 2,510,000t, up nine and 53 per cent YoY and M... |
Siam Cement to buy Vietnamese packaging company07 April 2020, Published under Cement NewsSiam Cement is to acquire a Vietnamese packaging materials maker, Bien Hoa Packaging. The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardboard maker Rengo. Siam Cement said the size of the deal has yet to be determined, but estimated it would be less than 15 per cent of the Thai group's total assets as of the end of December, which came to THB634.7bn (US$19.2m). Bien Hoa produces 90,000t of cardboard boxes and 10,000t of food packaging materials a year... |
Exports from Vietnam decline due COVID-19 pandemic06 April 2020, Published under Cement NewsVietnam exported 7.5Mt of cement and clinker, to a value of US$291m, in the first quarter of this year, said the Ministry of Industry and Trade. The lower volume has been attributed to the coronavirus pandemic. Total exports fell by nearly 40 per cent in volume while the value declined by 20 per cent when compared with the year-ago period, when the country exported 12Mt with a value of US$360m. In 2019, Vietnam exported 33.8Mt of cement and clinker, earning just under US$4bn. Earlier thi... |
Vietnam cement sales surge 58% in February24 March 2020, Published under Cement NewsTotal cement sales in Vietnam reached 4.207Mt in February 2020, up 58 per cent YoY and 47 per cent MoM, according to the Vietnam National Cement Association (VNCA). The total includes 1.383Mt delivered by VICEM, representing an increase of 48 per cent YoY and 53 per cent MoM. VICEM joint ventures posted an 80 per cent YoY and 56 per cent MoM rise in sales to 1.184Mt while the country’s other cement producers saw sales rise by 54 per cent YoY and 36 per cent YoY to 1.64Mt in February 2020. ... |
Bim Son Cement announces sales targets for 202016 March 2020, Published under Cement NewsVietnam’s Bim Son Cement JSC has announced a sales target of 5.6Mt of cement and clinker in 2020, up 30.2 per cent compared to 4.3Mt in 2019. The company is also aiming to reach a pretax profit of VND265bn (US$11.42m) for the year, a rise of 35.6 per cent on VND195.5bn last year. |
Vietnamese cement producers come under pressure12 March 2020, Published under Cement NewsCement producers in Vietnam are facing a double challenge with domestic demand falling due to a slowdown in the property market, and delays in transport infrastructure works and exports declining due to the COVID-19 pandemic. The forecast had been for exports of around 34Mt this year, but the epidemic has put paid to those hopes since China used to be the main clinker importer, said Nguyen Quang Cung, chairman of the Vietnam Cement Association (VCA). Cement and clinker exports in the period... |