Cement News tagged under: Vietnam
AFCM 2015 opens in Hanoi, Vietnam22 April 2015, Published under Cement NewsThe AFCM 24th Technical Symposium has officially opened at the JW Marriott Hotel, Hanoi, Vietnam, before an audience of 400 international cement delegates, including manufacturers and all major suppliers to the industry. Dr Nguyen Quang Cung, president of the AFCM opens the 24th Technical Symposium in Vietnam Proceedings were launched this morning with an official opening ceremony and a welcome address by Dr Nguyen Quang Cung, president of the AFCM. Under the theme of “Upg... |
Clinker, cement account for 42% of Vietnam's 1Q exports to Bangladesh22 April 2015, Published under Cement NewsClinker and cement remained Vietnam’s major exports to Bangladesh in the first quarter of this year with export revenue of US$70.1m despite a decline of 33.6 per cent from the same period of last year. The figure accounted for 42 per cent of the country’s total exports to Bangladesh in the period, the Vietnamese Ministry of Industry and Trade said on its website late Tuesday. |
Semen Indonesia eyeing another Vietnamese acquisition21 April 2015, Published under Cement NewsSemen Indonesia is looking to acquire a second cement producer in Vietnam to further bolster its presence in the southeast Asian country. Director of finance Ahyanizzaman said Semen Indonesia had assigned a total capital expenditure of between IDR7trn (US$545.8m) and IDR11trn this year to boost its operations, which includes the takeover of the Vietnamese company. He said that the firm was now implementing a due diligence audit on the Vietnamese company which would be completed by the end... |
Hoang Phat Vissai Group acquires control of Song Lam 2 Cement16 April 2015, Published under Cement NewsHoang Phat Vissai Group has acquired Song Lam 2 Cement JSC in Vietnam's central province of Nghe An from state-owned PetroVietnamCement 12/9 JSC. The group will invest VND500bn to complete and speed up construction of the plant in order to operate it in the next quarter. By purchasing Song Lam 2 Cement Company, Vissai now owns nine clinker and cement production units across Vietnam. |
Ha Tien 1 Cement targets US$17.07m pretax profit16 April 2015, Published under Cement NewsHa Tien 1 Cement JSC (HT1), the largest cement maker in Vietnam by market capitalisation, targets a pretax profit of VND367bn (US$17.07m) this year, down 7.32 per cent YoY. Its revenue is expected to rise 5.9 per cent YoY to VND7.16trn in 2015, HT1 said on its website. |
VietinBank to finance Tuyen Quang plant09 April 2015, Published under Cement NewsVietnam Joint Stock Commercial Bank for Industry and Trade, or VietinBank (CTG) on has signed an agreement with Tan Quang Cement JSC to finance the latter’s cement plant in the northern province of Tuyen Quang. Under the agreement, Vietinbank will lend VND30bn (US$1.4m) to Tan Quang Cement JSC to develop its plant which has a clinker capacity of 2500tpd or 0.75Mta, and a cement capacity of 0.91Mta. Tan Quang Cement JSC is an affiliate of Vietnam National Coal-Mineral Industries Group (V... |
Vietnam cement sales down 0.5% in 1Q1503 April 2015, Published under Cement NewsVietnam's cement sales in 1Q15 slipped 0.5 per cent YoY to 10.6Mt as many projects started late after a long holiday and exports fell 35 per cent in March, according to the Construction Industry. Domestic consumption in March decreased 23 per cent YoY to 3.91Mt. |
Vietnam Jan-Feb sales reach 9Mt24 March 2015, Published under Cement NewsVietnam sold 9.01Mt of cement and clinker in the first two months of this year, meeting 12.5 per cent of the whole-year target, according to figures from the country's Ministry of Construction (MoC). Of the volume, 6.76Mt of cement was sold in the domestic market and about 2.25Mt of cement and clinker was exported. In February, the country’s domestic cement sales stood low at 2.38Mt, mainly due to the long public holidays, the MoC noted. The ministry predicted Vietnam's sales of ceme... |
Bangladesh, Indonesia and Taiwan top Vietnamese importers23 March 2015, Published under Cement NewsBangladesh, Indonesia and Taiwan were the top importers of Vietnamese clinker and cement in the first two months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 1.12Mt of cement worth US$43.19m from Vietnam in the period, while Indonesia came second with 559,188t worth US$27.2m and Taiwan ranked third with 170,296t worth US$7.39m. Next in line were the Philippines followed with 157,200t worth US$6.17m, and Laos with 59,255t wort... |
Vietnam: Hoang Phat Vissai Group receives loan for project development19 March 2015, Published under Cement NewsThe Bank for Investment and Development of Vietnam (BIDV) has agreed to lend Hoang Phat Vissai Group VND6.3trn (US$296m) to to develop the Song Lam cement plant in the central province of Nghe An. The plant, which is being transformed from the Do Luong cement plant, is located in Bai Son commune, Do Luong district and has a production capacity of 18,000tpd of clinker. The first phase will last from 2015-17 with two production lines with a combined capacity of 12,000tpd and the second phase... |