Cement News tagged under: Vietnam
Vietnam: Jan-Nov cement sales increase03 December 2013, Published under Cement NewsVietnam has reported a double-digit rise in sales over the first 11 months of the year, with exports up 63 per cent YoY. A total of 55.2Mt of cement was sold over Jan-Nov 2013, up 13 per cent from a year earlier, Le Van Toi, director of the Building Material Department, said. The volume included 12.5Mt of cement and clinker exports. The main export destinations were the Middle East, Africa, as well as some other Southeast Asian markets. Cement prices remained unchanged since the Sept... |
Vietnam's November output climbs29 November 2013, Published under Cement NewsVietnam produced 5.5Mt of cement in November, up 17 per cent from the month before and a rise of 9.7 per cent YoY, the government's General Statistics Office said. The office also revised down the country’s cement output in October to 4.7Mt from the earlier estimated figure of 5.2Mt. In the first 11 months of this year, companies in Vietnam are estimated to produce 51.5Mt of cement, up 4.7 per cent from a year earlier. |
Vietnam: Vinaconex on target with restructuring20 November 2013, Published under Cement NewsVietnam Construction and Import-Export JSC (Vinaconex) claims to have met its restructuring targets after successfully addressing shortcomings in the firm's assets, capital sources and operations. Lowering investments into non-core businesses and reducing its debts has enabled Vinaconex to fulfil its asset restructuring, capital and operational targets to foster its core construction business. The Vietnamese construction company confirmed it would focus on core business areas and resolve o... |
Viettel Group acquires 70% stake in Vietnamese producer13 November 2013, Published under Cement NewsMilitary-run Viettel Group has acquired a 70 per cent stake of Vietnamese cement producer Cam Pha Cement for VND140bn ($6.64m). The 139.8m shares were purchased from Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) at around VND1,000 each, the current book value of the cement firm, the Thoi Bao Kinh Te Sai Gon newspaper reported. Viettel, which holds a 21.3 per cent stake in Vinaconex, will pay Cam Pha Cement’s debts and help the latter restore its manufacturin... |
Vietnam October output rises YoY29 October 2013, Published under Cement NewsVietnam produced 5.2Mt of cement in October, up 11 per cent from the month before and 13 per cent YoY, the General Statistics Office (GSO) said. The GSO also revised down the cement output in September to 4.7Mt from an earlier estimate of 5.2Mt. In the first 10 months of this year, companies in Vietnam are estimated to produce 46.4Mt of cement, up five per cent from a year earlier. The country’s cement sales are expected to rise by 4-5 YoY to 56Mt and 57Mt in 2013, including 48-49M... |
Vietnam expects price stability18 October 2013, Published under Cement NewsVietnam’s Ministry of Finance's Pricing Management Department expects cement prices to remain stable this month following September’s increase, local press reported. Some companies operating under the country’s largest cement producer, Vicem, raised prices by 5-9 per cent a month ago to VND1.3m-1.5m/t (US$61-71) in the north and VND1.6m-VND1.8m in the south. Vicem chairman attributed the hikes to higher production costs due to higher electricity prices. Cam Pha Cement Company, for exampl... |
Vietnam producer to delist from Hanoi Stock Exchange16 October 2013, Published under Cement NewsVinaconex Xuan Mai Concrete & Construction's shareholders have approved a plan to de-list nearly 20m shares from the Hanoi Stock Exchange. To facilitate the plan, Khai Hung Company, a major shareholder of XMC, will buy the shares from other shareholders at not below VND5,600, the floor price of XMC shares on 11 October 2013. Earlier, Khai Hung bought a 51 per cent stake, or 10.2 million shares, of XMC from Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex). T... |
Vicem Hoang Mai Cement expects to return to pretax profit, Vietnam14 October 2013, Published under Cement NewsVicem Hoang Mai Cement JSC expects to post a pretax profit of in the third quarter after an audited loss in the first six months, but is unlikely to hit its full-year target. The company’s third quarter pretax profit is expected to reach VND20bn (US$947,800) following a loss of VND23.78bn in the first half, the Dau Tu Chung Khoan magazine cited an official of the firm as saying. However, even with this quarterly advance the company is unlikely to hit its full-year profit target of VND90bn... |
Vicem sales rise 9.5% in first nine months11 October 2013, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) reported a 9.5 per cent YoY rise in sales for the first nine months of 2013 to 15.84Mt, meeting 72.3 per cent of its full-year target. Of the total, 14.35Mt of sales were destined for the domestic market, a rise of 6.2 per cent YoY (comprising 11.61Mt of cement and 2.74Mt of clinker). Meanwhile, 1.49Mt of cement and clinker were exported, representing a strong advance of 57.8 per cent on the same period of the year before. The corporation pro... |
Nguyen Thi Thu Huyen acquires stake in Vinaconex Xuan Mai Concrete & Construction11 October 2013, Published under Cement NewsRetail investor Nguyen Thi Thu Huyen has acquired 1.93 million shares, or a 9.67 per cent stake, of Vinaconex Xuan Mai Concrete & Construction JSC. Last month, Khai Hung Company also bought a 51 per cent stake of the cement producer from Vietnam Construction and Import-Export Joint Stock Corporation (VCG), or Vinaconex. |