Cement News tagged under: Vietnam
Vietnam cement producers cut retail prices by US$7.48/t in 201829 January 2018, Published under Cement NewsVietnamese cement producers have reduced their retail prices by VND10,000-170,000/t (US$0.44-7.48/t) since the start of this year, according to the Vietnam Ministry of Finance’s Price Management Department. The price cut has been attributed to the falling exports that have left a glut in the domestic market. In addition, cement plants had been producing at full capacity to reduce unit costs. At present, retail prices for cement in the north and central region are between VND950,000-1.45... |
Vietnam’s VVMI La Hien profit slips 1% in 201729 January 2018, Published under Cement NewsVVMI La Hien Cement JSC reported a one per cent YoY decrease in its net profit to VND27.98bn (US$1.23m) in 2017. The company’s revenue fell one per cent YoY to VND649.46bn in 2017. In 4Q17 the Vietnamese cement producer saw a a more than two-fold rise of its net profit to VND18.37bn and a 12.3 per cent increase of its net revenue to VND221.79bn. |
Thanh Thang to develop third line24 January 2018, Published under Cement NewsThanh Thang Group Cement JSC is investing VND800bn (US$35.2m) in developing the third production line in Ha Nam, northern Vietnam. Construction of the 2.3Mta facility is expected to be completed in 2021. In July 2017 Thanh Thang inaugurated its second production line, which is also located in Ha Nam province. The VND5tn line has a clinker capacity of 6000tpd or 2.3Mta of cement. |
Hoang Phat Vissai exports 0.22Mt in January15 January 2018, Published under Cement NewsHoang Phat Vissai Group (The Vissai) has exported 220,000t of cement and clinker from Nghi Thiet port in Vietnam’s Nghe An province since the start of January. The exported cement is destined for the Philippines, Canada and China, according to Nguyen Quoc Tai, director of Nghi Thiet port and the grinding unit of Song Lam Cement JSC, a The Vissai affiliate. The Nghi Thiet grinding facility entered service in June 2017. |
Vietnam cement consumption reaches 62Mt in 201710 January 2018, Published under Cement NewsVietnam’s demand for cement increased seven per cent YoY to 62Mt in 2017, according to the Department of Price Management, Ministry of Finance. The rise in cement sales has been attributed to a rise in construction projects, particularly in the real estate and transport sector. However, when compared with 2016, the increase was marginal as prolonged rains and storms impacted sales. Cement consumption in December advanced three per cent to 6.5Mt with prices reported as stable as inputs... |
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 to place 28 industrial facilities under special environmental control05 January 2018, Published under Cement NewsThe Ministry of Natural Resources and the Environment (MONRE) in Vietnam is planning to place 28 industrial production facilities across a range of sectors under special environmental control, reports Vietnam Net. MONRE has highlighted the cement industry as being one of the industrial production sectors at a high-risk level. The special control project will assess the efforts of facilities to reduce the risk of pollution and to enable fast solutions if any immediate problems ar... |
Vietnam cement production reaches 80Mt in 201728 December 2017, Published under Cement NewsCement production in Vietnam reached 80Mt in 2017, up six per cent on the year before, according to local press reports. This figure was recorded by the Department of Construction Material under the Ministry of Construction. The department reported that local cement consumption this year had reached 62Mt, representing a YoY increase of three per cent. Meanwhile, the cement export volume rose by 20 per cent to 18Mt, surpassing the target set for the year. Vietnam now has 82 cement producti... |
Vietnam faces an increase in oversupply19 December 2017, Published under Cement NewsVietnam is expected to increase its supply glut in the run-up to 2020, according to Vietnam Net. By 2020 total domestic cement capacity is expected to reach 120-130Mta while domestic demand is forecast to increase by 5-6Mta to reach 82Mt by 2020. This would result in an oversupply of 36-47Mt. The Vietnamese cement industry has been raising its supply by 6.8Mt last year as Song Lam cement plant's first phase and Long Son cement works came online. In addition, a further five projects are und... |
Vietnam exports rise 30% for the first 11 months of 201715 December 2017, Published under Cement NewsVietnam exported 17.48Mta of cement and clinker worth US$613.3m in the first 11 months of this year, according to Vietnam News. This represents a 30.4 per cent increase in volume and a 20.2 per cent rise in value from the year-ago period. In November 2017 exports of clinker and cement reached 2.4Mt, a significant increase of 43.3 per cent in volume from the previous month. The value of these exports amounted to US$82.29m for the same period, 46.2 per cent up from October 2017. The coun... |