Cement News tagged under: Vietnam
VICEM targets further growth in 201908 January 2019, Published under Cement NewsVietnam Cement industry Corp (VICEM) has reported a 10 per cent YoY increase in revenue to VND37trn (US$1.59bn) for 2018. The company also saw an 11 per cent rise in pretax profit to VND2.8trn. VICEM expects to push this even further by reaching a revenue of VND40trn in 2019. According to Bùi Hồng Minh, general director of VICEM, pretax profit is expected to hit VND3.2trn in the year ahead. To achieve these goals, the company will produce and consume 31Mt of coal. It will also invest in ... |
China accounts for 15% of Central American cement imports07 January 2019, Published under Cement NewsIn the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by two per cent from US$75.6m to US$77.1m in the 6M18 when compared with the year-ago period. Around 15... |
Vietnam demand up 10% in 11M1803 January 2019, Published under Cement NewsCement consumption in Vietnam remained largely stable in November 2018 when compared with the previous year at 5.675Mt, according to the Vietnam National Cement Association (VNCA). Of this total 1.955Mt was sold by the VICEM Group with an additional 1.62Mt through the company’s joint ventures. Other cement producers sold 2.1Mt in November, representing a four per cent YoY drop. MoM total domestic sales fell by four per cent with VICEM Group companies noting a six per cent drop and its joint ... |
Vietnamese cement exports hits record high in 201802 January 2019, Published under Cement NewsThe volume of Vietnamese cement exports rose 55 per cent YoY to 31.65Mt in 2018, according to the Vietnam Cement Association (VNCA). As the highest ever export value in the sector, it represents an estimated value of US$1.2bn. The country's cement has been shipped to more than 40 countries with an average price of US$50/t for cement and US$38-US$42/t of clinker, up 20-23 per cent from the rates in 2016, according to VNCA's Chairman, Nguyen Quang Cung. Vietnam's Ministry of Construction... |
Vietnam sees 9% cement production rise in 201831 December 2018, Published under Cement NewsVietnam is estimated to have produced 90.2Mt of cement in 2018, up 9.1 per cent YoY, according to the latest data from the country’s government-run General Statistics Office (GSO). The sum included 8.6Mt in December, an increase of 9.8 per cent compared to the year-ago period. In 2017, the country produced 85.4Mt of cement, including 7.6Mt in December, according to revised figures. |
Vietnam's cement industry assists coal demand11 December 2018, Published under Cement NewsVietnam’s cement industry has helped drive an increase in coal sales during the first 11 months of 2018. The country’s Coal and Mineral Industries Corporation (Vinacomin) has exceeded its year plan within the period, recording an increase of 17 per cent YoY to 37.39Mt, according to Vietnam News. The amount of coal sold to the cement industry rose 21 per cent in comparison with the 11M17. Alongside a surge in demand from the thermal power and fertiliser industries, the high consumption of ce... |
Long Son plant to enter second phase of expansion06 December 2018, Published under Cement NewsThe Vietnamese Prime Minister has issued guidelines on investment for the expansion of Long Son cement plant, Thanh Hoa, and has agreed to action the second phase with two additional production lines. Each line will add 2.3Mta of cement capacity and is expected to supply the construction of coastal and inland projects, in accordance with the country’s cement development plan for 2011-20. Line 3 is expected to enter operation in 2020, with Line 4 following in 2021. Vietnam’s Ministry of Co... |
Vietnam Jan-Nov output up 9% YoY03 December 2018, Published under Cement NewsVietnam is estimated to have produced 81.9Mt of cement in the first 11 months of 2018, representing a rise of 9.3 per cent YoY, according to the country’s General Statistics Office. Cement output in November increased 8.9 per cent YoY to 8.2Mt and saw a 3.8 per cent advance MoM from 7.9Mt in October. |
Vietnam surpasses annual sales targets05 November 2018, Published under Cement NewsThe Vietnamese cement industry has surpassed its annual sales target of 83-85Mt in the first 10-months of 2018, on the back of high demand in global markets. The country's industry recorded a 51 per cent YoY increase in sales to 85.23Mt in the 10M18, according to the Ministry of Construction. Exports reached 26.05Mt, rising 65 per cent compared to the year-ago period. Mainland China has become the largest importer of cement and clinker from Vietnam with 6.56Mt at US$235m in the first three ... |
Vietnam market expands 23% YoY in September25 October 2018, Published under Cement NewsDomestic cement sales in September rose 23 per cent YoY in September 2018 to 5.313Mt, according to data published by the Vietnam National Cement Association (VNCA). MoM a decrease of two per cent was reported. Of this total, VICEM supplied 1.801Mt as a stand-alone company and an additional 1.532Mt with joint-venture companies. Other cement producers supplied 1.98Mt. Total output from the country’s cement facilities reached 6.209Mt in September, bringing the year-to-date total to 47.534Mt. ... |