Cement News tagged under: Vietnam
Luks Group (Vietnam Holdings) reports 4% YoY drop in revenue02 September 2022, Published under Cement NewsLuks Group (Vietnam Holdings) Company Ltd has announced revenue of HKD266.3m (US$33.9m) in the first half of 2022, down 4.1 per cent from HKD277.7m in the same period a year earlier. Profit over the same period declined from HKD42.1m to HKD23.5m, while earnings per share contracted from HK8.5c to HK5.1c. Over the six months, the cement and clinker sales of the group’s cement plant was approximately 420,000t, down 19.8 per cent on the 524,000t sold in the 1H21. From its cement business,... |
Vietnam’s cement consumption up 6% in July30 August 2022, Published under Cement NewsVietnam’s cement market expanded six per cent to 5,199,736t in July 2022 when compared with July 2021, according to the Vietnam National Cement Association (VNCA). VICEM sales advanced by eight per cent YoY to 1,750,212t while other VNCA-affiliated companies reported a 22 per cent hike in deliveries. Non-affiliated cement producers saw sales slip by three per cent to 2.18Mt YoY in July 2022. Meanwhile, export sales were down 31 per cent YoY to 2,214,034t in July 2022. Of this total clinker... |
Vietnamese cement consumption falls 27% in July18 August 2022, Published under Cement NewsCement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Ministry of Construction. Domestic consumption in July reached 4.85Mt while exports stood at around 1.1Mt. For the first seven months of 2022, cement consumption was an estimated 54.99Mt, a decline of 17 per cent YoY, with domestic consumption down three per cent over the same period to 36.84Mt. According to the Departm... |
Vietnam's Xuan Than Cement to commission Line 3 in October10 August 2022, Published under Cement NewsVietnamese cement producer Xuan Than Cement is expected to bring online its third line, with a cement capacity of 4.5Mta, at the end of October, according to local media. Upon completion, the production line will increase the company’s total capacity in Ha Nam province to 10Mta. The 2.3Mta Long Thanh project is also expected to be commissioned this year. It will add to an already-high cement supply in the 64Mta market. |
Song Lam Cement exports 2.28Mt of cement in 1H2227 July 2022, Published under Cement NewsVietnam-based Song Lam Cement JSC , part of the Vissai Group , exported 2.28Mt of cement in the first half of 2022, according to local media. The Philippines was the largest off-taker of Song Lam cement, importing 713,000t. Other sizeable volumes were bought by China (640,000t) and the USA (628,500t). A further 101,000t was shipped to France and 5000t to Singapore. In terms of production, Song Lam Cement produced 2.53Mt of clinker and 2.84Mt of cement in the 1H22. The company achieved... |
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.... |