Cement News tagged under: Vietnam
Ha Tien Cement's net profit halves to VND160bn25 July 2022, Published under Cement NewsHa Tien Cement JSC’ s ( Vicem group ) net profit halved YoY in the 1H22 to VND160bn (US$6.8m) due to higher fuel and additive costs. The company says prices of key inputs like coal, oil and gypsum increased sharply, pulling down profits. It reported revenues of VND4.34trn (US$184.8m), up 8.5 per cent. The military conflict between Russia and Ukraine, and the embargo by the West have caused global coal, oil and gas crises. According to the Vietnam National Cement Association, coal account... |
Vietnamese market sees 4% contraction in June19 July 2022, Published under Cement NewsDomestic cement dispatches in Vietnam slipped one per cent MoM and four per cent YoY to 5.590Mt in June 2022, according to the Vietnam National Cement Association (VNCA). Of this total VICEM deliveries delivered 1.922Mt – up four per cent YoY but down two per cent MoM, while other VNCA members supplied 1.373Mt, seeing their sales slip by four per cent YoY and one per cent MoM. Vietnam’s other cement companies reported stable sales of 2.295Mt, when compared with last month, but YoY sales were... |
Dai Duong Lines 3 and 4 under review22 June 2022, Published under Cement NewsVietnam’s Ministry of Construction has proposed Thanh Hoa’s provincial authority to review the construction of Lines 3 and 4 of Dai Duong JSC to avoid a glut in supply, according to local media. The approval of the new lines will raise the country’s cement capacity to 150Mta by 2025, surpassing the government target. The provincial authority also has to seek consultation from the ministry for the project. In 2020-21 the cement company started construction on Lines 1 and 2 at Nghi Son eco... |
Vietnamese cement market contracts 8% in May21 June 2022, Published under Cement NewsCement sales in Vietnam declined by eight per cent YoY and by five per cent MoM to 5,655,119t in May 2022, according to the Vietnam National Cement Association (VNCA). Of this total VICEM saw its sales contract by two per cent YoY and seven per cent MoM to 1,967,271t. Other VNCA member companies reported a 10 per cent YoY and seven per cent MoM decline with sales of 1,387,848t. In addition, other, non-affiliated producers saw their sales fall by 11 per cent YoY and three per cent MoM to 2,... |
Vietnam continues to dominate imports in the Philippines07 June 2022, Published under Cement NewsVietnam’s dominance of cement imports in the Philippines continues to cause concern for local producers. With local demand expected to reach 66Mt in 2025, the Cement Manufacturers Association of the Philippines (CeMAP) has revealed data showing that Vietnamese cement accounts for the bulk of cement imports while deliveries from the rest of the world continue to shrink, according to the Manila Bulletin. In 2021 the Philippines imported 7.107Mt of cement, of which Vietnam accounted for 6.... |
Vietnamese cement deliveries decline 9% in April30 May 2022, Published under Cement NewsTotal cement deliveries in Vietnam fell nine per cent to 5,968,302t in April 2022 when compared with April 2021 and decreased 16 per cent when compared with March 2022, according to the Vietnamese National Cement Association (VNCA). VICEM sales volumes during the month decreased six per cent YoY and 18 per cent MoM to 2,121,931t while sales by other VNCA members saw their sales fall by 10 per cent YoY and 15 per cent MoM to 2,121,931t. Other, non-affiliated cement producers posted a 11 per c... |
Howden opens new Hanoi office25 May 2022, Published under Cement NewsHowden has opened a new office in Hanoi, Vietnam. The new office complements Howden's existing location in Ho Chi Minh City and brings greater access to the company’s procurement, quality control, technical assistance and project execution in northern Vietnam. This move brings Howden experts closer to hand for vital industries and supports Howden’s original equipment manufacturer (OEM), aftermarket (AFM), and retrofit expertise. Camille Levy, president of the Asia-Pacific Region at Howde... |
thyssenkrupp Industrial Solutions and VIBM sign MoU16 May 2022, Published under Cement Newsthyssenkrupp Industrial Solutions Vietnam and the Vietnam Institute of Building Materials (VIBM) have signed a Memorandum of Understanding (MoU) on cooperation between both parties on the research and application of new technologies in cement manufacture. At the ceremony, Lukas Schoeneck, CEO of thyssenkrupp Industrial Solutions Vietnam, reaffirmed his commitment to collaborate with VIBM under the guidance of the Deputy Minister of Construction, Nguyen Van Sinh, to transit the cemen... |
Vietnam exports to dip as China weakens02 May 2022, Published under Cement NewsVietnam’s cement and clinker exports are expected to record an annual drop of 1.5 and two per cent YoY, respectively, to 45Mt in 2022-23, according to VNDirect Securities. This is being blamed on lower demand from China. Vietnam’s cement and clinker exports have surged since China was forced to close many of its factories due to environmental problems and a shortage of power for production in 2017-21. The figure reached 46Mt in 2021, marking a 20 per cent uptick YoY and triple the figure r... |
VICEM goes for green29 April 2022, Published under Cement NewsVietnam Cement Corp (VICEM) has used the COVID-19 period to increase its use of alternative fuels and waste raw materials. ICR highlights Tai Nguyen and Moi Truong's recent report on the projects that have seen the Vietnamese cement company reduce its production costs and its CO2 emissions over the last three years. VICEM started testing the treatment of ordinary industrial waste as an alternative fuel from the end of 2019. Since 2020 the company has treated waste, mainly from the leather... |