Cement News tagged under: Vietnam
VICEM reports 5% rise in 1H sales20 June 2019, Published under Cement NewsState-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, representing a five per cent YoY increase. The total includes 13.1Mt of cement, up 11.4 per cent YoY, and 1.87Mt of clinker, a 25 per cent YoY drop. In the 1H19 VICEM’s pretax profit is estimated to have surged 62.3 per cent YoY to VND1.66trn (US$71.2m) on a revenue of VND17.64trn, up 4.3 per cent YoY, according to Vie... |
Vicem Hoang Mai to build 3Mta plant in Nghe An19 June 2019, Published under Cement NewsVicem Hoang Mai Cement JSC plans to build a 3Mta cement plant in Vietnam’s central province of Nghe An. Covering 60ha in the Hoang Mai 2 Industrial Zone, the project represents an investment of VND6.67trn (US$286m) and is expected to create 500 local jobs. During a meeting in May, the chairman of the provincial People's Committee, Thai Thanh Quy, granted approval in principle for the investor to develop the plant, which is part of the development strategy for the cement industry to 2030,... |
Cement prices rise in Vietnam13 June 2019, Published under Cement NewsCement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has... |
Vietnam's cement exports rise 4% in 5M1912 June 2019, Published under Cement NewsVietnam exported 13.82Mt of cement worth US$589.95m in the 5M19, an increase of four per cent YoY in volume and 23.2 per cent in value, according to the General Department of Vietnam Customs. The country’s cement exports are expected to hit a target of 25Mt in 2019. Elsewhere, Nguyen Van Cung, chairman of Vietnam Cement Association (VNCA), has stated that the country’s domestic industry requires the participation of large players and firms to help lower production costs, raise labour produc... |
Vietnamese clinker imports to China increase in 1Q1903 June 2019, Published under Cement NewsVietnamese cement exporters are starting to take significant market share in China as they succeed in undercutting domestic producers. Imports of clinker surged by more than 150 per cent in the first four months of 2019 to 5.69Mt on the back of China's housing boom. These imports accounted for 1.4 per cent of China's clinker. The increase in imports has lowered the cost of cement by CNY40/t due to lower labour costs and excess capacity in the market. Housing construction in China has incre... |
Vietnamese market contracts 13%, but exports rise in April24 May 2019, Published under Cement NewsVietnamese cement sales fell by 13 per cent YoY and seven per cent MoM to 6,316,583t in April 2019, according to the Vietnam National Cement Association (VNCA). Of this total VICEM plants sold 2.158Mt, or three per cent less when compared with April 2018. Sales were down eight per cent from 2.338Mt in March 2019. VICEM joint ventures saw their sales slip by four per cent YoY and by eight per cent MoM to 1.799Mt during the same period. Vietnam’s other cement producers reported a 19 per cent... |
SCG launches SCG Super Cement in Vietnam02 May 2019, Published under Cement NewsThai cement producer, Siam Cement Group (SCG) has recently launched its SCG Super Cement brand to customers in central Vietnam. The new product applies SCG Nano Tech, which “develops molecules of cement on the nano-scale to create extremely tight bonding ability, which in turns reduces the quantity of pores during concrete making. This advancement is important for construction works, as pores created during concrete mixing are the major causes of cracks and leaks, especially under the impa... |
Vietnam cement sales advance 11% in March25 April 2019, Published under Cement NewsDomestic sales in Vietnam increased 19 per cent YoY and 147 per cent MoM to 6.797Mt in March 2019, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales were up 120 per cent YoY to 2.338Mt and sales by its affiliated companies saw a 17 per cent rise to 1.949Mt. Other companies added a further volume of 2.51Mt (+20 per cent YoY) to total domestic sales. Cement and clinker exports from Vietnam slipped two per cent to 3.425Mt in March 2019 when compared ... |
Vietnamese cement sales expected to rise 8% in Jan-Apr 201923 April 2019, Published under Cement NewsIn the first four months of 2019, Vietnamese cement sales have been estimated to rise eight per cent YoY to 35.45Mt, according to the Vietnam Building Materials Association. This includes 21.65Mt sold domestically and a 23 per cent YoY rise in exports to 13.8Mt. Cement sales are expected to reach 9.18Mt in April, which is consistent with the previous year. Domestic sales and exports are forecast to reach 6.48Mt and 2.7Mt, respectively. Meanwhile, the price of cement during the Jan-April ... |
Vicem reacts to electricity price increase by upping cement prices03 April 2019, Published under Cement NewsCement prices are on the up in Vietnam following the 8.4 per cent hike in electricity prices from 20 March. Vietnam Cement Industry Corporation (Vicem) has reacted by raising its cement price by VND30,000/t (US$11.29/t). Don Tien Trinh, Vicem But Son's general director, said the price of coal has also risen by between 2.3 and 5.8 per cent depending on the type of coal. Cong Thanh Cement JSC in the central region has not raised retail prices but has charged distributors an additional VND30,... |