Cement News tagged under: VICEM

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VICEM records 30% drop in profit in 2022

09 January 2023, Published under Cement News

Vietnam’s VICEM has reported profits of VND1.53trn (US$63.9m) in 2022, down 30 per cent YoY. Revenue, meanwhile, advanced 17 per cent to VND39.45trn over the same period, reports VN Express. Last year saw total sales of 27.5Mt, marking a 6.7 per cent decline YoY, driven by a fall in exports. Costs in 2022 increased by VND4trn on the back of rising raw material prices. Although VICEM did increase cement prices, that was insufficient to prevent the sharp fall in profits. It has set a reve...

Vicem signs agreement to export 6Mt to the Philippines

25 November 2022, Published under Cement News

Vietnam Cement Industry Corp (Vicem) has signed an agreement with Fenix (CEZA) International Inc and Gold Falcon Trading Corporation to export 6Mt of cement and clinker to the Philippines in 2023-25, reports Vietnam News Brief Service. Vicem currently operates 10 cement plants with a total production capacity of over 25Mta of cement and 21Mta of clinker. Its sales reportedly account for almost 33 per cent of Vietnam’s total cement and clinker sales and 23 per cent of its exports. Eac...

Vietnamese cement producers come under pressure

21 October 2022, Published under Cement News

Vietnam's cement sector has come under pressure from falling consumption, particularly in its key export markets. Exports of clinker and cement amounted to 24.7Mt in the first 9M22, down 25 per cent in volume and 14 per cent in value YoY, according to the Department of Building Materials (DBM) under the Ministry of Construction. The reasons for the decline in exports, which amounted to 46Mt in 2021, are evident. The two main receivers of Vietnam clinker and cement have reduced their impor...

VICEM goes for green

29 April 2022, Published under Cement News

Vietnam 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...

Cement producers raise prices in Vietnam

18 March 2022, Published under Cement News

Cement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen.   Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation ( VICEM ), announced a hike of VND100,000/t to VND1,800,000/t for its Vicem Ha Tien brand of packed cement with effect from 23 March. Hoang Long Cement JSC has increased its prices by VND120,000 and Thanh Thang Group Cement JSC has hiked the pri...

VICEM sees 29.4Mt of cement and clinker sold in 2021

08 February 2022, Published under Cement News

Vietnam-based Vietnam Cement Industry Corp (VICEM) sold 29.44Mt of cement and clinker in 2021, reflecting stable sales when compared with 2020, according to local media. VICEM’s cement sales reached 24.16Mt while clinker sales reached 5.28Mt. The company’s output saw a 2.1 per cent drop to 21.47Mt of clinker and 24.1Mt of cement. The company’s revenues remained level at VND33.81trn (US$1.46bn) when compared with 2020. Its pretax profit slipped 1.3 per cent YoY to VND2.05trn. In 2021 V...

Ha Tien sees 65% drop in 4Q net profit

26 January 2022, Published under Cement News

Ha Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in the 4Q21 due to a decrease in gross profit. The company’s net profit during the quarter declined 8.5 per cent YoY to VND2.02trn. In 2021 the company saw a 39.1 per cent drop in consolidated net profit to VND369.86bn on a net revenue of VND7.06trn, down 11.3 per cent YoY.

VICEM’s shift to sustainability

09 February 2021, Published under Cement News

Vietnam’s cement industry has expanded significantly over the years, leading to considerable overcapacity – a particularly challenging issue given the COVID-19 pandemic which resulted in sales falling. In response, market leader VICEM has shifted its focus to building a more sustainable production base and supplying ‘greener’ products. VICEM’s focus has shifted from expanding production capacity to building a more sustainable production base Owned by the Vietnamese state, the or...

Vietnam's cement and clinker sales rise 2% in 2020

11 January 2021, Published under Cement News

Vietnam’s total sales of cement and clinker has been estimated at 101.5Mt for 2020, representing a rise of 1.5 per cent over 2019. According to a report by SSI Research, domestic cement demand is forecast to increase around 5-7 per cent this year compared to 2020. The increase in domestic sales is expected due to infrastructure investment, foreign direct investment into the country and the recovery of the real estate market. Elsewhere, Vietnam Cement Corp (VICEM) has also outlined its ...

Vietnam: increasing demand for sustainable technologies

23 June 2020, Published under Cement News

In terms of cement production, Vietnam is one of the fastest-growing countries in the world, thanks to robust domestic demand and its position amongst the world’s top cement exporters. However, this success has brought challenges and the industry is now pushing to reduce its environmental impact and optimise efficiency through the latest technology. Maxime Ramael, country head for Vietnam at FLSmidth, explains how the latest technology is supporting this endeavour. By FLSmidth, Vietnam. ...