Cement News tagged under: Sai Son Cement

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Sai Son Cement VND50bn renovation project

09 September 2016, Published under Cement News

Sai Son Cement (SCJ) announced that it will spend nearly VND450bn (US$20.17m) on renovation projects of clinker production lines at its Nam Son Cement plant, an decision reached at a recent General Assembly. The investment will go towards renovating the plant’s equipment to save energy, which will in turn improve the economic efficiency of the clinker production lines. Some 20 per cent of the funds (VND85bn) for this project were generated through equity capital, while the remaining VND36...

Vietnam government prepares to divest Sai Son stake

30 December 2014, Published under Cement News

State Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, is shortly due to sell its 3.2 million share holding in Sai Son Cement JSC (SCJ).  The move is expected to take place within a month from 31 December 2014 as SCIC aims to fully divest of its 16.44 per cent stake in the cement producer. The share sale is part of SCIC’s plan to exit from 376 companies by the end of 2015 to cut its portfolio to 100.

Sai Son Cement reverses losses, Vietnam

22 January 2014, Published under Cement News

Vietnamese producer Sai Son Cement (SCJ) swung to a net profit of VND7.1bn (US$80,648) in the fourth quarter of 2013 after a net loss of VND2bn in the same period the year before. Revenue amounted to VND104bn (US$4.93m) in the final quarter of last year, compared to VND72bn over the same period of the previous year. For the full year, SCJ reported VND7.6bn net profit on revenue of VND320bn compared to a loss of VND12bn in net profit and VND251.3bn revenue, respectively.