Cement News tagged under: Vietnam
Vietnam cement sales drop 3.38% Jan-August 201221 September 2012, Published under Cement NewsCement sales in Vietnam for the first eight months of 2012 fell 3.38 per cent to 30.58Mt, against the same period of last year and fulfilling 55.6 per cent of the full-year target, the country’s Ministry of Construction said. On a MoM basis, cement sales were down 12.14 per cent from July 2012 to 3.62Mt in August. Cement consumption is forecast to reach between 55-56.5Mt this year, rising 11-12 per cent YoY, the ministry said. Cement output also fell 1.47 per cent in the eight month... |
Vietnam production declines 2% YoY18 September 2012, Published under Cement NewsVietnam produced 31.59Mt of cement in the first eight months of this year, down two per cent from a year earlier, the Vietnam National Cement Association (VNCA) said. In August, the country’s cement output decreased 12 per cent from July to 3.77Mt. By the end of August, the country had an inventory of 630,000t of cement and 2.12Mt of clinker due to the stagnant real estate market. Cement sales fell eight per cent YoY between January and August though local firms have reduced their cement ... |
Can Tho Mineral & Cement 1H12 net profit falls, Vietnam13 September 2012, Published under Cement NewsCan Tho Mineral & Cement JSC (CCM), listed on the Hanoi Stock Exchange, said it made a consolidated net profit of VND5.67bn (US$272,000) in the first six months of this year, down from 18.18 per cent from a year earlier. Vietnam News Brief Service reports that the cement producer's revenues decreased 17.7 per cent YoY to VND102.44bn, CCM said in its consolidated quarterly financial report. Financial, sale and management costs dwindled 33.78 per cent, 53.85 per cent, and 14.03 per cent... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |
Vinacomin to sell coal to Vicem affiliate, Vietnam31 August 2012, Published under Cement NewsState-owned miner Vinacomin will sell 130,000t of coal to VICEM Materials Transport Cement Joint Stock Company, an affiliate of Vietnam Cement Industry Corporation (Vicem). The figure will include 55,000t of 3CHG coal dust, 45,000t of 4aHG, 15,000 tons of 4bHG and 15,000t of 5aHG. This is a part in a purchasing contract between Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), the country’s biggest miner, and state-owed Vicem. Vinacomin is expected to deliv... |
Vietnam Jan-Aug production falls YoY29 August 2012, Published under Cement NewsVietnam is estimated to have produced 36.9Mt of cement in the first eight months of this year, a fall of 5.7 per cent from the same period of last year, according to the General Statistics Office (GSO). Cement output in August is likely to have increased by 14.29 per cent from July to 5.5Mt, the government office said in a report released on Monday. The GSO has revised down its cement output figures for the first seven months of 2012 to 31.4Mt from the previously-estimated 32Mt. Las... |
Thang Long Cement plans to increase exports, Vietnam29 August 2012, Published under Cement NewsVietnam-based producer Thang Long Cement JSC plans to double monthly cement exports to Cambodia from its Hiep Phuoc grinding plant to 10,000 due to increased demand in the neighbouring market. Since the start of this year, the company has shipped around 5000t and 2000t of cement to Cambodia and Indonesia, respectively from the grinding facility, according to the company’s director Mai Anh Tai. Thang Long Cement plans to export around a further 150,000t of cement to these two markets betwe... |
The Vissai to acquire US$83.2m cement project in central Vietnam23 August 2012, Published under Cement NewsVietnamese cement maker The Vissai is completing legal procedures to acquire a cement project in the central province of Nghe An from Do Luong Cement JSC with a registered investment of nearly VND1.739trn (US$83.2m). “The acquisition is nearly completed,” said a representative of The Vissai said in an interview with Dau Tu newspaper’s reporter. With the Do Luong cement plant, The Vissai will have six cement plants with a combined capacity of more than 7Mta. Construction of the Do Luong ce... |
Vietnam: cement sales decline22 August 2012, Published under Cement NewsTotal domestic cement consumption during the first seven months of this year was 27.6Mt, down by three per cent against the same time last year and 50 per cent of the yearly target, according to the Vietnamese Ministry of Construction. In July alone, only 4.14Mt of cement were sold, 300,000t lower than the previous month. The downturn has been blamed on the gloomy real-estate market. To better deal with cement stockpiles, cement producers have pushed exports. A total of 4.5Mt of clinker an... |
YenBai Cement posts second quarter loss, Vietnam10 August 2012, Published under Cement NewsYenBai Cement and Minerals said it incurred a loss of VND5.69bn (US$271,000) in the second quarter of this year, marking its fifth consecutive quarter of losses Revenues declined five per cent on year to VND82bn during the period, the company said in a quarterly financial statement. Higher prime cost to revenue ratio was mainly blamed for the company’s loss, despite an earning of VND3.46bn from other incomes. In the Jan-June period the cement producer made a loss of VND11.47bn on revenues ... |