Vietnam Produces 17.5Mt of Cement in H1
Vietnam’s cement factories are estimated to have produced 17.5Mt of cement in the first half of this year, up 12.3% on-year and fulfilling 49.5% of the full-year target, said the Ministry of Construction.
The industry has planned to invest VND11.1 trillion ($964m) into its undergoing cement projects this year in a bid to churn out 36Mt of cement in 2007 and import over 2Mt of clinker, said a senior official.
Vietnam will have 10-12Mt cement surplus in 2010-2012 and become ASEAN’s largest cement producer by 2010, said Nguyen Ngoc Thien, chairman of the Vietnam Cement Association, adding that the country expects to have 45 operating cement plants with combined capacity over 60Mt by then.
During the period, most of cement construction projects are reportedly encountering a dead lock, said senior official of the industry, adding that the industry has disbursed VND3 trillion ($181m), fulfilling 26% of the yearly target. Published under Cement News
