Cement News tagged under: Vietnam
Vietnamese consumption rises 30% YoY in June05 July 2018, Published under Cement NewsVietnamese cement consumption has increased 30 per cent YoY to 8.71Mt in June, according to the Construction Materials Department of the Ministry of Construction. Approximately 6.91Mt was sold domestically (up 29 percent YoY), while 1.8Mt was exported (up 35 per cent YoY). Consumption in the country rose 25 per cent YoY in the Jan-June 2018 period, rising to 51.42Mt. Exports reached 15.42Mt in the six-month period, meeting 85.6 per cent of the target volume for the year. |
Vietnam’s cement market expands 29% in June27 June 2018, Published under Cement NewsVietnamese cement producers have sold 8.71Mt in June, up 30 per cent YoY, said the Vietnam Building Material Association. Domestic demand reached 6.91Mt, representing a 29 per cent increase when compared with June 2017, including 2.18Mt sold by Vietnam Cement Industry Corp (Vicem). Exports surged by 35 per cent YoY in June to 1.8Mt. In the 1H18 Vietnam’s total cement sales are estimated to have advanced by 25 per cent YoY to 51.42Mt, or 61 per cent of the 2018 target. Vicem sales reached... |
Vietnam's Ministry of Construction develops 2030 industry strategy; country targets 5Mt annual growth26 June 2018, Published under Cement NewsIn his keynote address at Cemtech Asia 2018, Dr Nguyen Quang Cung, President of the Vietnam National Cement Association, highlighted the road ahead for the Vietnam cement industry The government in Vietnam has initiated a comprehensive industry review in an effort to kick-start a step change in efficiency and environmental performance of the industry, as the country targets a domestic consumption growth of 5Mta. “The Vietnam government has instructed the Ministry of Construc... |
Cemtech Asia 2018 off to successful start25 June 2018, Published under Cement NewsThe Cemtech Asia conference and exhibition has opened at the Meliá Hanoi, Vietnam, with delegates from 35 nations participating in this annual meeting of cement professionals. Thomas Armstrong, managing editor of International Cement Review, inaugurated the conference by observing the importance of the Asian cement sector, where 75 per cent of the world’s cement is consumed. Mr Armstrong delivered an introduction to the 10 markets of the ASEAN region which has seen its consumption double ... |
Siam City Cement becomes regional market leader07 June 2018, Published under Cement NewsSiam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i... |
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... |
Vietnam exports rise 68 per cent in the 1Q1819 April 2018, Published under Cement NewsVietnam has seen a 68 per cent increase in cement exports for the 1Q18, following the shutdown of several Chinese plants, according to Viet Nam News. Nguyễn Quang Cung, vice chairman of the Vietnam Building Material Association, announced that production in the country surged 18 per cent YoY in the quarter, marking the first time it had recorded high growth against an annual increase of approximately 10 per cent. The growth in exports was due to the policy change of the Chinese governm... |
Vicem Hoang Mai Cement receives approval to construct plant12 April 2018, Published under Cement NewsDespite issuing a request to relocate last year, authorities of Vietnam’s Nghe An province have now granted approval for Vicem Hoang Mai Cement JSC to develop its Hoang Mai 2 facility in the area, according to Viet Nam News. Therefore, the company will construct the plant in the originally intended location of Hoang Mai 2 industrial park, Quynh Vinh commune. Once fully operational, the plant will have a 0.92Mta clinker capacity and a capability to produce 1.15Mta of cement. |
FiCo Tay Ninh Cement to begin constructing second line11 April 2018, Published under Cement NewsFiCo Tay Ninh Cement JSC (TAFiCO) will commence construction of the second line at its plant in Tanh Hoa, Tay Ninh province, on 15 April. The project represents a total investment of VND4800bn (US$210.6m) and will use European equipment. The kiln has been designed with a 4000tpd clinker capacity, which can be upgraded to 5000tpd in the future. The project is scheduled for completion in 2020. |