Cement News tagged under: Vicem
Vicem Hoang Mai requested to build plant elsewhere27 September 2017, Published under Cement NewsAuthorities of Vietnam’s Nghe An province have asked the Vicem Hoang Mai Cement Joint Stock Company, an affiliate of Vietnam Cement Industry Corporation (Vicem), to study a different location for the construction of the company’s 4.5Mta Hoang Mai 2 cement plant. The provincial authorities have rejected the company’s proposal to develop the VN10.8tn (US$475.25m) plant in Hoang Mai 2 industrial park while suggesting the company survey an area in Tan Thang commune, Quynh Luu district, for th... |
Vicem appoints new general director06 September 2017, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) has appointed Bui Hong Minh general director. Mr Minh, 46, has held the position of deputy general director since 2013. Before that, he worked at But Son and Ha Tien cement companies. He became director of Bim Son Cement Company in 2011 prior to joining Vicem. |
Vietnam: cement exports hit by rising tax costs23 February 2017, Published under Cement NewsVietnamese cement exporters have warned that the loss of tax exemptions and the existing export tax have pushed up the cost of their products on international markets, harming their ability to compete, Vietnam News reports. An export tax of US$5/t and a 2016 change to VAT rules have meant that the average cost of a tonne of exported cement has increased by US$7.50, while a tonne of clinker is now US$4.50 more expensive. “Many cement producers could face risks of halting their productio... |
Vietnam: Vicem sells 25.8Mt of cement and clinker in 201604 January 2017, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) sold around 25.8Mt of cement and clinker in 2016, representing a YoY rise of 11.2 per cent and surpassing the year’s target by 11 per cent. Some 22.73Mt of cement and clinker were sold in the domestic market, a 8.8 per cent rise when compared with 2015. Vicem increased its exports by 45.8 per cent to 3.07Mt. Output by the country’s leading cement producer advanced by 9.3 per cent YoY to 18.74Mt of clinker and by 13.1Mt to 22.72Mt of cem... |
Vietnam: consolidation unavoidable08 July 2016, Published under Cement NewsAnalysts may ponder whether cement production in Vietnam is entering a crucial phase as this week the Ministry of Construction announced that it would be divesting a large stake in the Vicem cement group with a public offering in the 4Q16. Cement oversupply in the market is increasing while exports have been difficult and as cement prices come under pressure, consolidation appears now unavoidable. Vicem also holds 35 per cent of shares in Holcim Vietnam, a member of the LafargeHolcim Gro... |
Vietnam: government to sell Vicem stakes04 July 2016, Published under Cement NewsAccording to a local news source, the Ministry of Construction is set to divest its stakes in Vicem through an initial public offering in 4Q16. Cement producer Vicem currently control 34 per cent of the local market. At the end of last year the company announced on its website that the share sale would pare the state holding to a minimum of 51 per cent. Investors from Thailand and Indonesia have expressed their interest in acquiring the stakes in Vicem. However, foreign investors will be ... |
Vicem sales climb 4.2% in 201519 January 2016, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, said it sold about 22.97Mt of cement and clinker in 2015, rising 4.2 per cent from a year ago and fulfilling 96.3 per cent of the whole-year’s target. Of the volume, 20.87Mt of cement and clinker were sold in domestic market, up 11.2 per cent YoY, and 2.1Mt were exported, down 35.9 per cent. In 2015 Vicem’s clinker production climbed 3.8 per cent YoY to 17.12 Mt, while its cement output rose ... |
Vicem sets 2016 export target12 January 2016, Published under Cement NewsVietnam's largest cement producer, Vicem, has set an export target of 3Mt in 2016, comprising 1Mt of cement and 2Mt of clinker. In 2015 Vicem exported 2.1Mt, including 860,000t of cement and 1.245Mt of clinker. In the first 11 months of last year the state-owned corporation sold 20.06Mt of cement and clinker, up 2.9 per cent from a year earlier. |
Domestic deliveries drive Vicem's 11-month sales rise08 January 2016, Published under Cement NewsVietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, sold 20.06Mt of cement and clinker in the first 11 months of 2015, up 2.9 per cent from a year earlier. Of the volume, 16.99Mt of cement and clinker were sold in the domestic market, up 10.6 per cent YoY, and 3.07Mt were exported, down 39.6 per cent. In November the corporation sold 1.91Mt of cement and clinker, up 13.6 per cent YoY, of which 1.63Mt were made up of local sales (+19.4 per cent YoY), while ex... |
Vietnam cement exporters fail to hit target22 December 2015, Published under Cement NewsVietnamese cement producers are struggling to maintain high volumes of cement exports due to falling overseas demand. According to the Vietnam National Cement Association (VNCA), Vietnamese cement makers have been facing fierce competition from China, the world’s biggest cement producer, which accounted for 60 per cent of the world total output. Selling at lower prices and trying to boost export whilst facing tough times domestically have led to a spreading malaise across the Asian ma... |