Vietnam quarterly production seen declining

Vietnam quarterly production seen declining
30 March 2012

Vietnam cement manufacturers are estimated to have produced 12.1Mt of cement in the first quarter of this year, down 10.7% from a year earlier.

In March alone, the Southeast Asian nation is likely to have produced 5.3Mt of cement, down 1.4% YoY, the government’s General Statistics Office (GSo)  said on a monthly report released late Thursday.

The GSO has also revised down the country’s cement production in Jan-Feb period to 6.8Mt from earlier estimated figure of 7Mt.

Vietnam’s cement output is forecast to reach 73Mt due to eight new cement plants coming on-stream with combined production capacity of 6.9Mt. However, cement consumption pegged at just 60Mt this year, surplus capacity is challenging the local production base.


Published under Cement News

Tagged Under: Vietnam