Cement News tagged under: Vicem

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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. ...

VICEM Ha Tien Cement submits targets for 2020

16 June 2020, Published under Cement News

Vietnam’s VICEM Ha Tien Cement reported a five per cent YoY rise in net revenue to VND8839bn (US$379.79m) and profit before tax of VND928bn (up 14 per cent YoY) in 2019. However, Dinh Quang Dung, company chairman, stated that the company is projected to face risks in the form of COVID-19 and other factors in 2020. Therefore, several targets have been submitted to shareholders for the current year, including a production of 7.33Mt (level with 2019), revenue of VND8584bn (down three per cent...

Vietnam cement sales expand 13% in December

12 February 2020, Published under Cement News

Total cement sales by Vietnamese cement producers increased 13 per cent YoY and five per cent MoM to 9,573,455t in December 2019, according to the Vietnam National Cement Association (VNCA). Domestic consumption saw a two per cent rise YoY and a nine per cent increase MoM to 5,921,910t in December 2019. Of this total, VICEM sales edged up by two per cent YoY and 10 per cent MoM to 2,002,655t while its joint-venture companies saw sales drop by five per cent to 1,539,255t when compared with ...

VICEM and FLSmidth announce sustainable production agreement

10 February 2020, Published under Cement News

Vietnam National Cement Corp (VICEM) and FLSmidth have announced their cooperation “to pioneer new solutions to significantly improve the sustainability of the cement sector in Vietnam”. The focus of the agreement will be to implement technologies that considerably reduce greenhouse gas emissions, find new alternative fuel solutions and ways to further improve air quality. The cooperation between the two companies includes the commitment to jointly develop industrial-scale innovations to ...