Cement News tagged under: Vietnam
Vietnam Jan-July 2013 output rises30 July 2013, Published under Cement NewsVietnam produced 32.5Mt of cement in the first seven months of this year, up 5.9 per cent from a year earlier, data from the country's General Statistics Office (GSO) has showed. During July alone, output rose by 14.3 per cent from the same month of last year to 5.1Mt, the government-run office's monthly report revealed. The GSO has revised down the country’s cement output in the first six months of this year to 27.4Mt from a previous estimate of 28.1Mt. |
Hai Van Cement to issue shares to finance acquisition, Vietnam26 July 2013, Published under Cement NewsHai Van Cement JSC is to issue 21.46m shares in a move acquire Ang Son II Co the from Thang Loi Group Co. The volume will be sold to existing shareholders at VND10,000/shares at a 116-at-100 ratio, company said in a statement sent to the bourse. The proceeds, estimated at VND214.6bn (US$10.12m). Net profit jumps Hai Van Cement recently reported that it posted a net profit of VND10bn in the second quarter of 2013, up 279 per cent from a year ago. Revenues reached VND223.5bn in the th... |
Thai Binh Cement swings second quarter to net loss, Vietnam23 July 2013, Published under Cement NewsThai Binh Cement JSC swung to a net loss of VND1.5bn (US$70,740) in the second quarter of 2013 from a net profit of VND246m a year ago. The company generated revenue of VND16.5bn in 2Q13 compared to VND18.8bn over the same quarter of 2012. For the first six months to the end of June 2013, TBX reported VND300m net loss on VND33bn revenue, compared to VND1bn net profit and VND37.3bn a year ago, respectively. |
Can Tho Mineral & Cement to delist from HNX19 July 2013, Published under Cement NewsCan Tho Mineral & Cement JSC (CCM), has approved a plan to delist 4.6m shares from the Hanoi Stock Exchange (HNX). The decision was made due to the company’s difficulties in operation and the low liquidity of its shares, CCM said in a statement sent to the bourse, Vietnam News Brief Service reported. This year, CCM targets a net profit of VND10bn (US$471,600) and a dividend payout of 15 per cent of par value. |
Vietnam first-half sales update11 July 2013, Published under Cement NewsFor the first six months of the year, Vietnam sales were 22.68Mt, according to latest data from the Ministry of Construction (MoC). The amount represents 46.8 per cent of the full-year target, the MoC added. Output stood at 24.7Mt, making up 44.1 per cent of its whole year target. In June, Vietnam’s cement output stood at 4.3Mt, down 14.51 per cent from May. The country’s domestic cement sales also plunged in the period due to the rainy season in the southern region. With overcapacit... |
Vicem sales rise 17.3% in first half 201309 July 2013, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) sold 11.69Mt of cement and clinker in the first six months of 2013, representing a YoY increase of 17.3 per cent and fulfilling 51.9 per cent of its whole-year target. The corporation, which is the largest cement producer in the Southeast Asian country, produced 8.3Mt of cement and 8.2Mt of clinker in the six month period, a rise of 11.8 and 14.6 per cent, respectively, the Ministry of Construction said in a statement. Revenue reached VND14.89trn... |
Vietnam cement production rises 7.2% in 1H1303 July 2013, Published under Cement NewsVietnam has reported a 7.2 per cent rise in production for the first half of the year to 28.1Mt, the country’s General Statistics Office (GSO) has said. Last month, cement output increased by 21 per cent to 5.3Mt compared to the same month of the previous year, the GSO said in its monthly report on the sector. However, the office has revised down cement production figures for the January-May 2013 period to 22.9Mt from a previous estimate of 23.5Mt. This year, cement sales are envisa... |
Vietnam cement sales slip during Jan-May 201320 June 2013, Published under Cement NewsVietnam cement sales declined by 2.1 per cent in the first five months of this year to 19.5Mt compared to the same period of last year, data from the Ministry of Construction showed. The 2013 five-month figure represents 39.5 per cent of the whole year target, the ministry said. In May alone, domestic cement sales dropped 3.07 per cent compared to April and 0.84 per cent compared to May last year. Cement output rose by 0.8 per cent MoM and 3.71 per cent YoY to 5.03Mt. The country ... |
Vietnam cement sales rise 9% YoY, Jan-May 201304 June 2013, Published under Cement NewsDomestic cement sales in Vietnam rose nine per cent YoY in the first five months of 2013, pointing to signs of economic recovery thanks to government measures to stimulate the housing market. Latest data from the country’s Ministry of Construction said that domestic sales by local producers totalled 19.15Mt during January-May 2013. The country also produced 23.8Mt of cement between the period, fulfilling 41 per cent of the whole-year target, including an on-year rise of 19 per cent i... |
Vietnam production rises 7.4% in first five months29 May 2013, Published under Cement NewsVietnam is estimated to have produced 23.5Mt of cement in the first five months of 2013, up 7.4 per cent from the same period of last year, the General Statistics Office has said. The government-run office has marginally revised down the country’s output in the first four months of this year to 17.8Mt from a previous estimate of 17.9Mt. Output in May is expected to have risen by 18.7 per cent YoY to 5.7Mt, the GSO said in recent report. This year, cement sales are expected to rise b... |