Cement News tagged under: Vietnam
Siam Cement has plans to fully enter Vietnamese market28 April 2016, Published under Cement NewsIndustrial conglomerate Siam Cement Group is looking at operating its first cement plant in Vietnam as the next step in the company's expansion abroad, claims Nikkei Asian Review. President and CEO, Roongrote Rangsiyopash, told reporters in Bangkok on Wednesday that a joint venture or merger with an existing plant would be the best way to enter the Vietnamese market because of the country's current excess capacity. The Vietnamese market is attaractive to Siam Cement because public and... |
LafargeHolcim considering Vietnam exit25 April 2016, Published under Cement NewsLafargeHolcim Group, a joint venture between Swiss Holcim Ltd. and French Lafarge Group, may withdraw from Vietnam due to oversupply of cement in the domestic market, said Nguyen Cong Bao, general director of Holcim Vietnam, a subsidiary of Holcim Ltd. The group had a meeting with the Vietnamese Ministry of Construction to notify of the group’ business plans in Vietnam for the coming time, Mr. Bao was quoted by Dau Tu newspaper as saying Wednesday. According to the newspaper, Vietnam Cemen... |
SCG forecasts regional capacity will hit 292Mta by 201820 April 2016, Published under Cement NewsIn a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a... |
Vietnam PM approves Thaicement Ha Tien works12 April 2016, Published under Cement NewsVietnam's Prime Minister, Nguyen Xuan Phuc, has approved the investment in Thaicement's 4.5Mta Ha Tien plant in the Mekong delta province of Kien Giang as part of projects to be implemented during the 2011-20 period with a vision to 2030. The PM assigned the Ministry of Construction and People’s Committee of Kien Giang province to conduct a survey and exploration of limestone and clay assessment and present to National Mineral Reserves Councils for approval before granting the investment ... |
Vietnam's cement output rises 11% YoY in 1Q1629 March 2016, Published under Cement NewsVietnam is estimated to have produced 11Mt of cement in the first quarter of this year, rising one per cent from a year earlier, the government-run General Statistics Office said. In March the country’s cement output is likely to rise 11 per cent from the same month of last year to 6Mt, the office said in a monthly report released Sunday. The office also revised down the country’s cement output in the first two months to 10.4Mt from earlier estimated of 10.8Mt. The Ministry of Constru... |
Vietnam: Hon Quan cement plant under consideration23 March 2016, Published under Cement NewsThaiGroup JSC, formerly known as Xuan Thanh Group Joint Stock Company, is considering construction of a cement plant in Hin Quan, Vietnam. The investment would be approximately VND12trn (US$533.33m) in the southern province of Binh Phuoc. The 4.5Mta Xuan Thanh Binh Phuoc cement plant would be built between 2016-20 as part of the plan to develop the country's cement industry by 2020. According to Vu Hoang, deputy general director of ThaiGroup, the group has proposed the province’s Pe... |
Vietnam cement and clinker inventory at 3Mt in Feb16 March 2016, Published under Cement NewsVietnam's total cement and clinker inventory last month amounted to 3Mt, most of which included clinker, according to local press reports. State-owned Vietnam Cement Industry Corporation (Vicem), accounted for 64 per cent of the total sum with 2Mt of stock. The country’s total cement and clinker inventory is equivalent to the amount of material for between 15 and 16 days of production, the Xay Dung online newspaper reported March 14. Vietnam's Ministry of Construction forecast that Vietnam... |
Vietnam monthly sales climb 15% YoY11 March 2016, Published under Cement NewsVietnam’s clinker and cement sales climbed 15 per cent from a year earlier to 6.62Mt in January, the Ministry of Construction said. Of the total 5.12Mt were sold in the domestic market, up 17 per cent YoY while 1.5Mt of cement and clinker were exported, the Xay Dung online newspaper cited the ministry as saying Thursday. The ministry forecast that Vietnam's sales of cement and clinker will rise 4-7 per cent YoY to between 75-77Mt. The sum will include between 59-60Mt of domestic sales and ... |
Vietnam: Quang Ninh province to stop transportation of cement on Ha Long Bay10 March 2016, Published under Cement NewsThe People’s Committee of the northern coastal province of Quang Ninh have decided to terminate the loading and discharge activities, as well as the transport of clinker, cement and wood chip on Ha Long Bay due to concerns over environmental pollution. Under the decision No. 617/QD-UBND, transportation of bulk cargo, such as clinker, cement and wood chip is to be terminated as of 1 July 2016. The transportation of these commodities will instead be conducted at Hon Net port on Bai Tu Long B... |
Song Lam 2 begins commercial operations, Vietnam07 March 2016, Published under Cement NewsHoang Phat Vissai Group said that its Song Lam 2 cement plant in the central province of Nghe An, Vietnam, has started commercial operation smoothly. Output from the plant includes cement types PCP 30, PCP 40 and clinker PCP 50, which are sold in the central region and via the group’s distribution network. The Song Lam 2 cement plant, formerly known as PetroVietnam Cement 12/9 JSC, is situated in Anh Son district, Nghe An province. PetroVietnam Cement 12/9 JSC had halted the construction o... |