Cement News tagged under: Vietnam
Sai Son Cement reverses losses, Vietnam22 January 2014, Published under Cement NewsVietnamese producer Sai Son Cement (SCJ) swung to a net profit of VND7.1bn (US$80,648) in the fourth quarter of 2013 after a net loss of VND2bn in the same period the year before. Revenue amounted to VND104bn (US$4.93m) in the final quarter of last year, compared to VND72bn over the same period of the previous year. For the full year, SCJ reported VND7.6bn net profit on revenue of VND320bn compared to a loss of VND12bn in net profit and VND251.3bn revenue, respectively. |
Bim Son Cement sales reach 3.9Mt in 201321 January 2014, Published under Cement NewsVietnam-based producer Bim Son Cement JSC (BCC) sold 3.9Mt of cement and clinker in 2013, comprising 3.4Mt of cement and 588,000t of clinker. The company’s clinker output was more than 3.9Mt last year. Its revenue rose by 0.6 per cent YoY to VND3.8trn, the Dau Tu newspaper reported. For this year, Bim Son Cement targets output of more than 3Mta of clinker, while cement and clinker sales will hit 4Mt, including 3.8Mt of cement. Revenue for 2014 is expected to reach VND4.1trn. |
Vicem 2013 revenue rises 7% YoY14 January 2014, Published under Cement NewsVietnam Cement Industry Corporation (Vicem), Vietnam’s leading domestic producer, said its revenues rose by seven per cent YoY in 2013 to more than VND30.5trn (US$1.45bn). State-run Vietnam news agency reported that Vicem posted a pretax profit of VND528bn and contributed VND1.03trn to the state budget last year. Cement and clinker output for the state-run cement producer rose by 8.8 per cent YoY while cement sales rose by 9.3 per cent. For this year, VICEM targets cement and clinker sal... |
Vietnam cement sales exceed annual target13 January 2014, Published under Cement NewsVietnam cement sales climbed by 13.9 per cent YoY in 2013, exceeding the full-year target by 7.5 per cent, according to the Ministry of Construction (MoC). Latest figures by the MoC show that sales reached 61Mt for the year, including 47Mt of domestic dispatches (up 3.4 per cent YoY) and 14Mt of exports (up by 6Mt). Domestic output, however, is nearly 70Mt and the supply-demand imbalance remains a concern.. Last year the MoC received government approval to cancel nine cement projects, ... |
Semen Indonesia: upbeat on 2014 outlook10 January 2014, Published under Cement NewsPT Semen Indonesia (Persero) Tbk, the holding company for domestic producers Semen Gresik, Semen Padang and Semen Tonasa and Vietnam-based Thang Long Cement, is upbeat on its outlook for 2014 following a positive performance last year. Total group sales, including exports to the end of November reached 23.41Mt, up 14.6 per cent YoY, the company said in a statement. Exports amounted to 317,560t during the period, a staggering 335.3 per cent YoY increase on the 72,950t traded the year befor... |
Vicem sets 2014 revenue targets09 January 2014, Published under Cement NewsVietnam Cement Industry Corporation (VICEM, the country's leading cement producer, is targeting more than VND30trn (US$1.4m) in revenue this year. To meet these goals, the company will focus on cost reduction strategies, renew production techniques, among other measures. Last year VICEM witnessed a 8.8 per cent YoY ncrease in clinker and cement output. The firm also accounted for over 16Mt out of the almost 46Mt of cement the country produced in 2013. |
Ha Tien 1 lists 120m new shares on HOSE07 January 2014, Published under Cement NewsHa Tien 1 Cement JSC has received approval from the Ho Chi Minh City Stock Exchange (HOSE) to float 120m new shares on the bourse. The shares, earlier sold to Vietnam Cement Industry Corporation (Vicem) to reduce debt, will be listed on 8 January and tradable starting 22 December 2014. The additional share listing will help the company raise its total listed volume to 318m shares. (Source: Vietnam News Brief Service). |
Vietnam full-year output seen 4.7% higher30 December 2013, Published under Cement NewsVietnam is estimated to have produced 57Mt of cement in 2013, up from 4.7 per cent a year ago, the government's General Statistics Office (GSO) has said. During December, output is estimated to have increased by 7.54 per cent from the previous month, and nine per cent YoY to reach 5.5Mt, according to the latest GSO estimates. The office, however, revised down November output to 5.3Mt from a previously-estimated 5.5Mt. Cement sales are expected to have risen by 4-5 per cent this year t... |
Cement exports rise for Vietnam producers19 December 2013, Published under Cement NewsVietnam exported 12.45Mt of cement and clinker in the last 11 months or 2013, representing a YoY increase of almost 63 per cent. Tran Van Huynh, president of the Vietnam Construction Materials Association (VCMA), said the rise in exports was an attempt to clear surplus inventory because of low prices and similar situation in many countries. During the period, the country’s total cement sales rose nearly 13 per cent against the same period last year, reaching 55.17Mt. The Ministry of Const... |
Vietnam cement industry exports 14Mt13 December 2013, Published under Cement NewsVietnam's cement exports are expected to reach nearly 14Mt in 2013, the highest level ever exported. According to the Industry and Trade newspaper, in the first 11 months of this year the country exported 12.5Mt of cement, a YoY rise of nearly 65 per cent. Southeast Asia and the Middle East are the two main markets for Vietnam's cement, while Malaysia and Indonesia are the nation's largest importers of cement in the southeast Asian region. Meanwhile, the country's domestic consumption of... |