Cement News tagged under: Vietnam
Vietnam cement stocks rise to 4Mt in Jan-Oct19 November 2012, Published under Cement NewsVietnam’s cement inventory rose by 51.3% YoY to 4Mt in the first 10 months of 2012, including 1.4Mt of Vietnam Cement Industry Corporation (Vicem), according to the country’s Ministry of Industry and Trade. The economic slowdown and the government’s policies to cut public investment were the main reasons for the huge inventory, said Tran Van Huynh, chairman of the Vietnam Building Material Association, part of the Ministry of Construction. In addition, the stagnant real estate market has ... |
South Africa: Vietnam cement imports investigated15 November 2012, Published under Cement NewsThe National Regulator for Compulsory Specifications (NRCS) has confiscated some sub-standard cement imported into South Africa from Vietnam and is investigating complaints lodged about the quality of two other imported brands. Daniel Ramarumo, a NRCS spokesman, confirmed yesterday that it had received complaints from NPC-Cimpor about Vietnamese cement, which was “later confiscated by the regulator” on 23 August. This incident follows the NRCS's admission on 7 August that some 50kg bags ... |
Semen Gresik to acquire Vietnam’s Thang Long Cement14 November 2012, Published under Cement NewsIndonesian cement producer PT Semen Gresik Tbk plans to acquire a majority stake in Vietnam-based Thang Long Cement JSC, according to Investor Daily. Thang Long operates a 2.3Mta works in Quang Ninh province. Surplus output from the works is earmarked for export to Myanmar, Bangladesh and several African countries. Semen Gresik’s president director Dwi Soetjipto declined to disclose the value of the deal but said the acquisition was funded with the company’s cash resources. However, th... |
Yen Bai Cement nine month loss, Vietnam12 November 2012, Published under Cement NewsYen Bai Cement and Minerals JSC said it made a loss of VND15.44bn (US$742,300) in the first nine months of this year, compared to a loss of VND8.63bn in the same period of last year. Revenues rose 3.07 per cent on year to VND246.45bn in Jan-Sept, YBC said in its quarterly financial report. In 3Q, YBC suffered a loss of VND1.85bn on revenues of VND84.66bn, versus VND5.94bn and VND84.36bn in the 3Q11, respectively. |
Siam Cement plans to expand Vietnam operations08 November 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) will invest US$2m to expand its Vietnam operations next year with a total capacity of 100,000tpa. Pramote Techasupatkul, President of SCG Cement, told local press that now is not the right time to build a new cement plant in the country due to the cement surplus issues it is currently facing: “However, we have still drawn up the plan to expand the production of high-quality white and grey cement in Vietnam in the near future,” he said. SCG Cement in March... |
Vicem But Son Cement posts nine month loss07 November 2012, Published under Cement NewsVietnam cement producer Vicem But Son Cement JSC said it made a loss of VND65.78bn (US$3.16m) in the first nine months of this year, compared to a net profit of VND6.99bn in the same period last year. Revenues rose 1.59 per cent YoY to VND1.92trn in Jan-Sept, BTS said in its quarterly financial report. In the third quarter alone, the company suffered a loss of VND68.91bn on revenues of VND581.53bn, versus a net profit of VND3.89bn on revenues of VND685.1bn in the 3Q11. The company had tot... |
Siam Cement on Vietnam acquisition trail05 November 2012, Published under Cement NewsSiam Cement PCL is looking for an opportunity to acquire a cement business in Vietnam, Chief Executive Kan Trakulhoon according to Dow Jones reports. Cement companies in Vietnam are currently struggling with excess supply and this provides an opportunity for Siam Cement to seek a potential acquisition there, Mr Kan told reporters on the sidelines of a symposium. |
Vicem Hoang Mai Cement revises down 2012 profit05 November 2012, Published under Cement NewsVicem Hoang Mai Cement JSC (HOM), listed on the Hanoi Stock Exchange, said it made an estimated pretax profit of VND66bn (US$3.17m) in the first 10 months of this year, according to Chief Accountant Tran Minh Son said. HOM did not give revenue figures in Jan-Sept, the Dau tu Chung khoan newspaper reported. High prices of input materials were blamed for the company’s profit fall, Son said. The company plans to revise down its 2012 profit target. In Jan-Sept, HOM made a net profit of VND54.5... |
Vietnam producer 3Q net profit falls26 October 2012, Published under Cement NewsThai Binh Cement JSC reported a net profit of VND81m (US$3.9m) in the third quarter of 2012 compared to VND1bn a year ago due to a rise in input costs and lower demand, the company said. Revenue for the July-September 2012 period was VND23.6bn compared to VND24.2bn in the same quarter of last year. In the first nine months of this year, the company saw 65 per cent net profit drop to VND1.1bn from VND3.1bn over the same period of last year. |
Vicem cement and clinker sales up 4.5%, Vietnam16 October 2012, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) sold 14.44Mt of cement and clinker in the first nine months of this year, up 4.5 per cent from a year earlier. Of this total, 13.73Mt were sold in the domestic market, representing a rise of six per cent YoY, while 717,000t were exported, which was a fall of 18 per cent on year, the corporation said on its website. Vicem produced 10.97Mt of clinker in the first nine months of this year, up two per cent YoY. The corporation’s cement production,... |