Cement News tagged under: Vietnam
Vietnam sees double-digit rise in 9M13 sales10 October 2013, Published under Cement NewsVietnam sold 44.4Mt of cement in the first nine months of this year, representing an increase of 12 per cent YoY, the Building Materials Department under the Ministry of Construction has said. The total amount sold also included 10Mt of cement and clinker exports. At present, the industry has around 2.6Mt of unsold products, mainly clinker, including 1.2Mta of cement and clinker from the Vietnam Cement Industry Corp (Vicem). The department also said it expects the retail price of ceme... |
Vietnam to launch three more plants by year-end02 October 2013, Published under Cement NewsCement producers in Vietnam will bring three more plants into production later this year (X18, Quang Phuc and Dong Lam), according to the Vietnam Cement Association (VNCA). This will take the sector’s total capacity to the 70Mta mark and exacerbate the existing market glut. Cement consumption is forecast to reach 45-46Mt in 2013 and as a result, the new plants will increase the surplus output to 24-25Mt. The Vietnamese cement industry is facing a challenging time as local producers h... |
Vietnam monthly output up 13% MoM01 October 2013, Published under Cement NewsCement producers in Vietnam increased their output 13 per cent MoM and 17.6 per cent YoY to 5.2Mta in September, according to the country’s General Statistics Office (GSO). The GSO also revised down the national output figure for August to 4.6Mt from an earlier estimate of 4.9Mt. In the first nine months of 2013, Vietnamese cement makers are estimated to have produced 41.8Mt, up 5.5 per cent YoY. Cement sales are expected to rise by 4-5 per cent to 56-57Mt in 2013, including 48-49Mt... |
Vietnam producers increase prices24 September 2013, Published under Cement NewsVietnam producers have increased cement prices by VND100,000/t (US$4.71) to help mitigate higher input costs despite domestic demand remaining subdued. The increase is due to the rising cost of inputs such as petroleum, coal and power. The average selling price is now VND1.28m. Prices in the north range between VND1.28m-1.66m/t while in the north they are VND1.36-1.74m/t. Producers have also reduced their discount to agencies by VND20,000/t, the price management department under Vietn... |
Vicem eight-month sales rise 9.5%18 September 2013, Published under Cement NewsVietnam Cement Industry Corp (Vicem), domestic market leader, said cement and clinker sales rose by 9.5 per cent YoY to 14.38Mt. Domestic sales accounted for 13.64Mt of the total while 742,000t was exported. The group produced 10.89Mt of clinker and 11.13Mt of cement, up 12.5 and 11.8 per cent YoY, respectively. However, in August 2013 alone, sales fell 9.47 per cent to 1.76Mt from the previous month but were up 5.1 per cent YoY. Domestic shipments accounted for 1.62Mt, down 5.7 per c... |
Khai Hung Co acquires Vietnam firm06 September 2013, Published under Cement NewsKhai Hung Company has acquired a 51 per cent stake, or 10.2 million shares, of Vinaconex Xuan Mai Concrete & Construction JSC (XMC) from Vietnam Construction and Import-Export Joint Stock Corporation (or Vinaconex). The price of the deal was not disclosed, the Vietnam Securities Depository said in a statement. Vinaconex earlier planned to sell the same amount of shares of XMC at a minimum price of VND15,012 each, part of its plan to divest from non-core businesses. XMC now has a regi... |
Vietnam August production rises 8.32%29 August 2013, Published under Cement NewsVietnam cement production in August climbed to 4.9Mt, an 8.32 per cent increase compared to the same period of last year, the General Statistics Office has said. Compared to July 2013, last month’s output rose by 6.52 per cent on a MoM basis. The office revised down production in July to 4.6Mt from a previous estimate of 5.1Mt. In the first eight months of this year, the country is estimated to have produced 36.9Mt of cement, representing an increase of 4.78 per cent YoY. Last year produc... |
Thang Long Cement launches new product, Vietnam16 August 2013, Published under Cement NewsThang Long Cement has launched a new cement product onto the market for large-scale construction projects, folllowing R&D carried out under the supervision of holding company, Semen Indonesia. The PC50 type cement, produced at the company’s Quang Ninh Factory, is designed for buildings with high specifications, or special concrete used for large projects such as bridges, roads, hydroelectric projects, construction of reinforced concrete and concrete construction with high compressive streng... |
Two Vietnam plant licences revoked08 August 2013, Published under Cement NewsCement plant licences for two projects being set up in the central Vietnam province of Nghe An have been revoked due to slow implementations. The two projects are the 5Mta Tan Ky cement plant in Tan Ky district, and the 0.43Mta Hop Son works in Anh Son district, the Thoi Bao Kinh Te Vietnam newspaper reported. The Tan Ky cement plant, a project by Kinh Bac City Development Share Holding Corp, started construction more than two years ago, on 19 May 2010. |
Vinaconex to sell majority stake in Cam Pha Cement01 August 2013, Published under Cement NewsVietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) is in talks to sell its 70 per cent stake in Cam Pha Cement. According to reports by Vietnam News Brief Service, the shares are to be sold to an overseas investor at below the par value of VND10,000/share but no lower than Cam Pha’s book value. Two foreign parties are said to be interested and are expected to put inject cash to restructure the cement producer’s debts. The deal is expected to be concluded this year. ... |