Cement News tagged under: Vietnam
Vinaconex sells 8M shares of cement producer10 August 2012, Published under Cement NewsVietnam Construction and Import-Export JS Corporation or Vinaconex (VCG) sold eight million shares of Yen Binh Cement JSC on July 26. The decision was made because VCG is restructuring its holdings in Yen Binh firm, local financial website Cafef reported. As a result, VCG cut its holding in the cement producer to 26 per cent equal to 6.66 million shares from earlier 57.25 per cent. (Source: Vietnam News Brief Service) |
Semen Gresik plans name change to raise its profile, Indonesia03 August 2012, Published under Cement NewsState Enterprises Minister Dahlan Iskan said Indonesian state-owned Semen Gresik is set to change its name to Semen Indonesia in a bid to raise the company’s international profile. The change is subject to approval by shareholders expected October or November this year, the minister said on Tuesday. Once the change becomes official, Dwi Doetjipto, president director of Semen Gresik, will become chief executive of Semen Indonesia. Dahlan said President Susilo Bambang Yudhoyono of Indone... |
Hai Van Cement net profit rises 74%27 July 2012, Published under Cement NewsHai Van Cement JSC reported a net profit of VND3.6bn in the second quarter of 2012, up 74 per cent YoY, the firm said in its financial statements posted on the Hochiminh Stock Exchange (STC)’s website. Its total revenue reached VND195.28bn in the period, up four per cent from VND187.02bn a year earlier, the firm reported. Meanwhile, its total costs only rose three pe rcent on year to VND188.9bn, leading to an on year rise of 74 per cent in net profit of the firm. In 1H12, the company earne... |
Vicem pretax profit rises 72.2%25 July 2012, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) reported a pretax profit of VND333bn (US$15.91m) in the first half of this year, rising 72.7 per cent YoY, meeting 44.3 per cent of the whole-year target. Its revenues, however fell 1.2 per cent YoY to VND14.22trn during the period, or 43.6 per cent of the full-year target, the group said. Vicem sold 9.71Mt of cement and clinker in the first half of this year, down 1.4 per cent against the same period last year, of which 650,000t were exported –... |
Vietnam cement prices drop on weak demand23 July 2012, Published under Cement NewsThe price of cement in Vietnam has dropped to VND100,000/t (US$4.8) in the first half of 2012 due to low demand and high stockpiles, according to the Vietnam Cement Association. For the six months to June 2012, cement production and consumption fell 10 per cent YoY to 24.3Mt and 23.6Mt, respectively. Local producers have exported 3Mt of clinker and 700,000t of cement in the first half of the year. (Source: Vietnam News Agency Bulletin) |
Vietnam to propose association for exporters18 July 2012, Published under Cement NewsVietnam has called for domestic exporters to cooperate in fair pricing and is proposing to establish an association for cement and clinker export firms as the country looks to alleviate an increasing cement surplus. According to local press reports, Vietnam’s Ministry of Construction is proposing the new association which would help curb 'unhealthy competition' among these export companies as some local firms have cut prices. A proposal has been submitted to the prime minister for approva... |
Vietnam exports seen rising10 July 2012, Published under Cement NewsExports of cement and clinker are forecast to increase by 27 per cent this year compared to 2011, according to forecasts by the Vietnam Cement Association (VNCA). As as the country attempts to reduce excess supplies, the VNCA expects clinker exports this year to reach 6.2Mt and cement exports to be around the 1.5Mt mark, bringing overall volumes to 7.7Mt. Last year, total exports reached 6.04Mt, comprising 5.76Mt of clinker and 0.28Mt of cement. For the first six months of 2012, around... |
Thang Long Cement sales reach 1.3Mt in 1H1206 July 2012, Published under Cement NewsVietnam-based producer Thang Long Cement JSC sold almost 1.3Mt of clinker and cement in the first six months, Thanh Nien reports. The firm has exported over 5000t of cement to Cambodia this year. |
Vietnam first-half output seen down04 July 2012, Published under Cement NewsVietnam produced 27.3Mt of cement in the first half of this year, down 5.9 per cent from a year earlier, the government’s General Statistics Office (GSO) showed. During June, the country produced 5.5Mt, an increase of 15.8 per cent YoY, the GSO said in its monthly report. The office has also revised down the country’s output during the January-May period to 21.8Mt from a previously-estimated 22.5Mt. Last year Vietnam produced and sold 49.3Mt of cement. It imported 1.15Mt of clinker ... |
Gresik sees regional expansion costing US$400m-500m29 June 2012, Published under Cement NewsIndonesia's largest cement producer, PT Semen Gresik, says its planned expansion into Vietnam and Myanmar can be realised by year-end. Semen Gresik president director Dwi Soetjipto said that expansion into the fellow ASEAN member nations would need US$400m to US$500m. “We will need about US$150m to set up a factory for Myanmar," Dwi said after the company¹s annual and extraordinary meeting of shareholders on Tuesday. According to him, Gresik has been assessing potential local partners ... |