Cement News tagged under: Vietnam

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Vietnam clinker and cement exports up 30%

13 February 2018, Published under Cement News

Vietnam exported 2.9Mt of cement and clinker, valued at US$101.12m in January, representing YoY increases of 32.2 and 30.3 per cent, respectively, according to the country’s General Department of Vietnam Customs. Bangladesh, the Philippines, Peru, Mozambique, Malaysia and Taiwan remained the biggest importers of Vietnamese cement and clinker.

Vietnam produces 7.2Mt of cement in January

31 January 2018, Published under Cement News

Vietnam is likely to have produced 7.2Mt of cement in January, which fell 5.8 per cent from December 2017 but rose 29.7 per cent from a year earlier, according to latest data from the government-run General Statistics Office. In 2017, Vietnam made 85.4Mt of cement, including 7.6Mt in December, according to the revised figure. The country now has 82 cement production lines with a combined capacity of 97.64Mta.The Vietnam Cement Association (VNCA) has warned that Vietnam will face a glu...

Sinoma requires project finance for Phase III of Thanh Thang

30 January 2018, Published under Cement News

Sinoma International Engineering Co Ltd is seeking project finance from international financial institutions to build the third phase of a 6000tpd Thanh Thang project in Ha Nam province, Vietnam, Inside International Industrials quotes the company’s General Manager, Mr Chen. The estimated total project investment is US$220m. Sinoma signed the EPC contract with Thanh Thang Cement Group in May 2017. However, the subdued economy has resulted in the slow progress of the third phase. The initia...

Vietnam cement producers cut retail prices by US$7.48/t in 2018

29 January 2018, Published under Cement News

Vietnamese cement producers have reduced their retail prices by VND10,000-170,000/t (US$0.44-7.48/t) since the start of this year, according to the Vietnam Ministry of Finance’s Price Management Department. The price cut has been attributed to the falling exports that have left a glut in the domestic market. In addition, cement plants had been producing at full capacity to reduce unit costs. At present, retail prices for cement in the north and central region are between VND950,000-1.45...

Vietnam’s VVMI La Hien profit slips 1% in 2017

29 January 2018, Published under Cement News

VVMI La Hien Cement JSC reported a one per cent YoY decrease in its net profit to VND27.98bn (US$1.23m) in 2017. The company’s revenue fell one per cent YoY to VND649.46bn in 2017. In 4Q17 the Vietnamese cement producer saw a a more than two-fold rise of its net profit to VND18.37bn and a 12.3 per cent increase of its net revenue to VND221.79bn.

Thanh Thang to develop third line

24 January 2018, Published under Cement News

Thanh Thang Group Cement JSC is investing VND800bn (US$35.2m) in developing the third production line in Ha Nam, northern Vietnam. Construction of the 2.3Mta facility is expected to be completed in 2021. In July 2017 Thanh Thang inaugurated its second production line, which is also located in Ha Nam province. The VND5tn line has a clinker capacity of 6000tpd or 2.3Mta of cement.

Hoang Phat Vissai exports 0.22Mt in January

15 January 2018, Published under Cement News

Hoang Phat Vissai Group (The Vissai) has exported 220,000t of cement and clinker from Nghi Thiet port in Vietnam’s Nghe An province since the start of January. The exported cement is destined for the Philippines, Canada and China, according to Nguyen Quoc Tai, director of Nghi Thiet port and the grinding unit of Song Lam Cement JSC, a The Vissai affiliate. The Nghi Thiet grinding facility entered service in June 2017.

Vietnam cement consumption reaches 62Mt in 2017

10 January 2018, Published under Cement News

Vietnam’s demand for cement increased seven per cent YoY to 62Mt in 2017, according to the Department of Price Management, Ministry of Finance. The rise in cement sales has been attributed to a rise in construction projects, particularly in the real estate and transport sector. However, when compared with 2016, the increase was marginal as prolonged rains and storms impacted sales. Cement consumption in December advanced three per cent to 6.5Mt with prices reported as stable as inputs...

Vicem sees 3% rise in cement and clinker sales

10 January 2018, Published under Cement News

State-owned Vietnam Cement Industry Corp (Vicem) reported sales of 26.6Mt of cement and clinker in 2017, representing a YoY increase of three per cent. Of the total, 23.6Mt were delivered to the domestic market, up four per cent YoY and a further 3Mt were exported. However, the company saw a five per cent fall in revenues to VND34.16tn when compared with the previous year. The cement producer’s profit increased seven per cent to VND2.85tn. The company contributed VND1.62tn to the stat...

Vietnam to place 28 industrial facilities under special environmental control

05 January 2018, Published under Cement News

The Ministry of Natural Resources and the Environment (MONRE) in Vietnam is planning to place 28 industrial production facilities across a range of sectors under special environmental control, reports Vietnam Net. MONRE has highlighted the cement industry as being one of the industrial production sectors at a high-risk level. The special control project will assess the efforts of facilities to reduce the risk of pollution and to enable fast solutions if any immediate problems ar...