Cement News tagged under: Vietnam
Vicem Hoang Mai Cement posts first-quarter loss04 April 2013, Published under Cement NewsVicem Hoang Mai Cement JSC (HOM) has posted a first quarter loss of VND10bn (US$476,100) attributed to increased costs. The company closed 2012 with a net profit of VND112.72bn (US$5.39m) on revenue of VND1.53trn last year, down 13 per cent and up 8.07 per cent YoY, respectively. HOM is seeking approval from its parent company, Vietnam Cement Industry Corporation o revise up its 2013 pretax profit target by 4.65 per cent to VND90bn (US$4.29m) from the initial VND86 billion. |
Vietnam first-quarter cement sales rise 15% YoY03 April 2013, Published under Cement NewsVietnam cement producers have reported a 15 per cent YoY rise in sales in the first quarter of 2013 to 7.55Mt, the Ministry of Construction (MoC) has reported. The double-digit quarter rise comes despite a 30 per cent drop in March sales to 2Mt. Thanks to the increase in cement sales between January and March, the country’s cement inventory dropped by 45 per cent YoY to 40,000t, according ot the MoC. The MoC forecasts that the country’s cement sales will rise between 5-8 per cent in 2013... |
Vietnam first-quarter production rises 2.1%01 April 2013, Published under Cement NewsVietnam is estimated to have produced 12.4Mt in the first quarter of 2013, representing a rise of 2.1 per cent YoY, the latest data from the General Statistics Office (GSO) shows. The government-run office has revised down its figures for January and February 2013 from an earlier estimate of 8.3Mt to 7.4Mt. During March alone, the country's output is likely to have fallen by two per cent YoY to 5Mt, the monthly GSO figures show. For this year, domestic sales are expected to rise by 5-... |
Vietnam market remains sluggish29 March 2013, Published under Cement NewsThe Vietnamese Ministry of Construction said that cement consumption was estimated at 3.7Mt in February, accounting for 7.4 per cent of this year’s plan. The cement market remained subdued though producers continued to offer 3-5 bags of cement for free on 100 bags of cement. The Ministry’s plan foresees a cement demand of around 56-57Mt, of which the domestic market is expected to absorb 48.5-49Mt. The remaining 7.5-8Mt. is earmarked for exports, which in February touched 0.52Mt. ... |
Semen Indonesia to begin Myanmar construction next year26 March 2013, Published under Cement NewsPT Semen Indonesia is set to start construction of a new plant in Myanmar next year as part of the country's regional expansion drive. Citing the company’s president director Dwi Soetjipto, the Jakarta Post reported that operations at the 1Mta would begin in 2017. The plant would mainly serve the growing market of Myanmar which is modernising its economy after decades of military rule. Domestic cement consumption, which in 2012 is expected to have increased by 16.7 per cent to 7Mt, is ... |
Calls for a review of Vietnam's cement industry master plan20 March 2013, Published under Cement NewsVietnam’s Building Materials Association has used the Ministry of Construction (MoC) to adjust the master plan for the cement industry for the 2011-20 period and has suggested a series of measures to ease the current surplus situation. The move follows a rising inventory following increases in capacity and lower domestic demand. Current inventory is estimated to reach 25Mt by 2015 and 40Mt by 2020. The association has therefore proposed the government halt nine small cement projects and r... |
Vicem Hoang Mai Cement seeks to raise 2013 pretax target, Vietnam05 March 2013, Published under Cement NewsVicem Hoang Mai Cement JSC is seeking approval from its parent company Vietnam Cement Industry Corporation (Vicem) to revise its 2013 pretax target upwards by 4.65 per cent. The company hopes to raise its target to VND90bn (US$4.29m) from the initial VND86bn, its chief accountant, Tran Minh Son, told the Dau Tu Chung Khoan newspaper. Last year Hoang Mai Cement achieved a net profit of VND112.72bn (US$5.39m) on revenue of VND1.53trn last year, down 13 and up 8.07 per cent, respectively. |
Vietnam Jan-Feb production rises 16%01 March 2013, Published under Cement NewsVietnam is estimated to have produced 8.2Mt of cement in the first two months of this year, up 16 per cent from a year earlier, according to the government’s General Statistics Office (GSO) said. In February, the country’s cement output is likely to have fallen by 23.91 per cent from January and nine per cent from the same month of last year to 3.5Mt, the GSO said in a monthly report released late Tuesday. The office revised the country’s cement output in January to 4.6Mt from the earlier ... |
Vietnam sees declines in MoM domestic and export sales25 February 2013, Published under Cement NewsCement producers in Vietnam sold 3.6Mt to the domestic market in January, down 16.28 per cent from the month before due to a stagnant real estate market. The amount sold represents 7.4 per cent of the full-year target, Vietnam News Brief reported citing data from Vietnam’s Ministry of Construction (MoC). Exports also fell by 82.8 per cent MoM to 2.3Mt in January 2012, meeting 2.3 per cent of this year’s target. In 2012, the country’s cement and clinker sales were 53.61Mt, of which 4... |
Industry: Vietnam Vicem sells 20.04Mt of cement and clinker in 201211 February 2013, Published under Cement NewsVietnam Cement Industry Corporation (Vicem), the leading cement producer in the country, sold 20.4Mt of cement and clinker in 2012, rising by 8.8 per cent from a year earlier and fulfilling 96.4 per cent of its full-year target. Of the sum, 19.24Mt of cement and clinker was sold in domestic market, up 11.9 per cent YoY, while 801,000t of cement and clinker was exported, down 35.9 per cent YoY. In 2012, Vicem produced 15.02Mt of clinker, up 3.8 per cent YoY, fulfilling 95.6 per cent of t... |