Cement News tagged under: Vietnam
Vietnam cement sales fall 0.4% YoY in Jan-Feb 201706 March 2017, Published under Cement NewsVietnam sold 9.4Mt of cement in the first two months of 2017, representing a 0.4 per cent decrease when compared with January-February 2016, according to the Vietnamese Ministry of Construction. The total included 6.8Mt of domestic sales, down 2.7 per cent YoY, and 2.6Mt of clinker and cement exports, a rise of 20.9 per cent YoY. The country has 76 cement production lines and a total capacity of 81.6Mta. The country is expected to face a supply glut between 25-35Mta by 2020 as output o... |
Siam City Cement renames Holcim's former Vietnam operations02 March 2017, Published under Cement NewsSiam City Cement Public Co Ltd (SCCC), Thailand’s second-largest cement producer, announced it will rename its Holcim Vietnam Co into Siam City Cement Vietnam. SCCC signed an agreement in August 2016 to buy LafargeHolcim’s entire 65 per cent stake in LafargeHolcim Vietnam for US$890m. SCCC recently embarked on a strategy of building a regional asset footprint. The cement producer has already established operations in Indonesia, Cambodia and Bangladesh and Sri Lanka. |
Vietnam: cement exports hit by rising tax costs23 February 2017, Published under Cement NewsVietnamese cement exporters have warned that the loss of tax exemptions and the existing export tax have pushed up the cost of their products on international markets, harming their ability to compete, Vietnam News reports. An export tax of US$5/t and a 2016 change to VAT rules have meant that the average cost of a tonne of exported cement has increased by US$7.50, while a tonne of clinker is now US$4.50 more expensive. “Many cement producers could face risks of halting their productio... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Vietnam notes fall in exports in 201606 February 2017, Published under Cement NewsVietnam exported 14.73Mt of cement in 2016, down 7.1 per cent YoY, according to the General Department of Vietnam Customs. Export revenues fell 16 per cent YoY to US$561m. In December the country exported 1.31Mt of cement and clinker to the value of US$50.58m, increasing 7.7 per cent and 10.4 per cent MoM in volume and value, respectively. Key destinations of cement and clinker exports were Bangladesh and the Philippines. Bangladesh imported 4.7Mt, representing a value of US$141m or 25... |
Vietnam: Vicem sells 25.8Mt of cement and clinker in 201604 January 2017, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) sold around 25.8Mt of cement and clinker in 2016, representing a YoY rise of 11.2 per cent and surpassing the year’s target by 11 per cent. Some 22.73Mt of cement and clinker were sold in the domestic market, a 8.8 per cent rise when compared with 2015. Vicem increased its exports by 45.8 per cent to 3.07Mt. Output by the country’s leading cement producer advanced by 9.3 per cent YoY to 18.74Mt of clinker and by 13.1Mt to 22.72Mt of cem... |
Vietnam slows down cement capacity development29 December 2016, Published under Cement NewsThe Vietnamese cement sector has 20Mta overcapacity and must now slow down the pace of investment into new cement production, the government has decided. Vietnam’s cement industry development plan 2011-20, which was approved by the Decision 1488/QD-TTg in 2011 and which has until now supported the development of the industry, will be replaced by a new plan in response to current market conditions. After five years of implementation since 2011, the Prime Minister has agreed to take 14 c... |
Vietnam: Ha Tien 1 ordered to relocate23 December 2016, Published under Cement NewsThe Ho Chi Minh City (HCMC) People’s Committee has demanded Ha Tien 1 Cement cease operation of its Thu Duc cement grinding station and relocate the plant. The company earlier proposed relocating its Thu Duc cement grinding station to District 9 and scaling up the capacity of its Phu Huu grinding station. However, the city government has turned down the proposal as they had concerns regarding the facility’s possible pollution to nearby residential areas. In an announcement sent to Ha T... |
Vietnam: Can Tho Mineral and Cement opens new plant in Phu Huu16 December 2016, Published under Cement NewsCan Tho Mineral and Cement JSC (CCM) has announced that it has opened a new 0.5Mta cement plant on the Phu Huu industrial park near the border with Cambodia. The plant was built at a cost of VND180bn (US$8m). According to VietNam Finance, CCM believe that their investment is justified giving growing domestic demand for cement. According to estimates from the Vietnam's Cement Association, consumption is set to rise by 6Mt in 2016 to 60Mt. Nguyen Van Tuan, Vice Chairman of Hau Giang Prov... |
Vietnam: exports expected to fall 7% in 201609 December 2016, Published under Cement NewsAccording to the Vietnam Building Materials Association under the Ministry on Construction, Vietnam is projected to earn just US$556m this year from 15Mt of cement and clinker exports, representing a seven per cent YoY decline. In the first 11 months of this year, Vietnam exported 13.97Mt of cement and clinker, a 5.93 per cent YoY fall as a result of competition from foreign rivals such as China, India and Pakistan. High export costs also contributed to the weaker performance. Vietnam ... |