Cement News tagged under: Vietnam
PT Semen Gresik plans Myanmar plant, considers Vietnam investment27 June 2012, Published under Cement NewsIndonesian state producer, PT Semen Gresik, is planning to build a cement plant in Myanmar and is also looking to acquire a Vietnamese company, according to chief executive Dwi Soetjipto. "We're studying a plan to set up a JV in Myanmar, with Gresik as the majority owner. The plant capacity may be between 1.5-2Mta," Dwi Soetjipto told reporters after a shareholders' meeting. Mr Soetjipto also noted that while Vietnam is currently experiencing overcapacity, Gresik is currently looking a... |
Vietnam mineral firm buys 500,000 shares in YenBai Cement, Vietnam18 June 2012, Published under Cement NewsAlatca Mineral Process Exploit JSC has acquired 500,000 shares in YenBai Cement and Minerals JSC (YBC). Accordingly, Alatca has raised its holding in YenBai Cement to 10.34% from zero. |
Minister denies cement crisis from Master Plan13 June 2012, Published under Cement NewsVietnamese Construction Minister Trinh Dinh Dung has denied that the cement industry's master development plan (2011-20) is causing a crisis goes in line with market movements. Last year, Vietnam's cement consumption was reported to account for 89% or 55Mt of total output, Dung noted. “I confirm that there is no cement crisis caused by the development scheme as raised by some people.” The country’s current huge surplus is caused by the low consumption demand. The government’s Resolution... |
Sadico Cantho net profit rises 51.87%, Vietnam06 June 2012, Published under Cement NewsSadico Cantho Joint Stock Corporation (SDG) said it made a net profit of VND6.5bn (US$309,800) in Jan-March, an on-year growth of 51.87%. Revenues rose 19.5% on year to VND75.31bn, the company said in a quarterly financial report sent to the Hanoi Stock Exchange. In 2012, the cement firm targets a net profit of VND21.75 billion on revenues of VND247bn and a dividend payout equivalent to VND3,000/share. (Source: Vietnam News Brief Service) |
Vietnam facing 6Mt surplus by year-end01 June 2012, Published under Cement NewsVietnam is projected to face a surplus of 6Mt of cement this year, the Vietnam Cement Association (VNCA) said. Domestic output is expected to reach between 60-62Mt, outstripping forecasted full-year domestic sales of 47-48Mt and exports 7-8Mt forecasts, the association was quoted by the financial website CafeF as saying Tuesday. Do Duc Oanh, general secretary of the association, saying that the industry’s high inventory is its biggest challenge. It has resulted in producers cutting pri... |
Mai Son cement plant put into operation, Vietnam31 May 2012, Published under Cement NewsMai Son Cement Joint Stock Co has officially put its Mai Son cement plant into operation. The new cement plant is situated in Na Pat Hamlet, Na Bo Commune, Mai Son Dist, Son La province with design capacity of 2500tpd of clinker (1Mta of cement). The company said it will concentrate on producing three types of cement: PCB40, PCB30 and PC40. |
Vietnam domestic production seen down 7.2%, Jan-May 201229 May 2012, Published under Cement NewsVietnam is estimated to have produced 22.5Mt of cement in the first five months of this year, down 7.2% from a year earlier, the government’s General Statistics Office (GSO) said in its monthly report. Production in the month of May is estimated to have reached 5.5Mt, up 5.5% YoY. The GSO has also revised down Vietnam’s cement output for the first four months of 2012 to 17.1Mt from a previously estimated 17.8Mt. In 2011, Vietnam produced and sold 49.3Mt of cement. The country also ... |
Vietnam four-month sales at 14.7Mt10 May 2012, Published under Cement NewsVietnam’s cement sales stood at 14.7Mt in the first four months of this year, fulfilling 26.8% of the whole-year target, including 4.73Mt in April. The country also produced 14.85Mt of cement in Jan-Apr period, making up 27% of the whole-year target, including 4.81Mt in April, the Ministry of Construction said on its website late Wednesday. Meanwhile its cement exports stood at US$53.6m, fulfilling 23.8% of the full-year target, including US$8.7m in April. Vietnam’s cement consumptio... |
Vietnam likely to produce 17.8Mt of cement in Jan-Apr26 April 2012, Published under Cement NewsCement producers in Vietnam are estimated to have made 17.8Mt of cement in the first four months of this year, down 6.6% from a year earlier. In April, the country is likely to have produced 5.7Mt of cement, up 2.7% YoY, the government’s General Statistics Office said on a monthly report released late Wednesday. In 2011, Vietnam produced and sold 49.3Mt of cement. The country also imported 1.15Mt of clinker and exported 5.5Mt of cement and clinker during the period, the Ministry of Cons... |
Vicem sells 4.04Mt of cement, clinker in first quarter 201217 April 2012, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) sold 4.04Mt of cement and clinker in the first quarter of this year, falling 14 per cent from a year earlier and fulfilling 91 per cent of its full-year target, the corporation said on its website. A total of 3.72Mt were sold in the domestic market, down 17 per cent YoY and fullfilling 89 per cent of the corporation’s plan and 325,000t were exported, soaring 33 per cent YoY and surpassing 24 per cent of the corporation's annual plan. In March... |