Cement News tagged under: Vietnam

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INSEE Vietnam begins construction on new mill

05 December 2022, Published under Cement News

INSEE Vietnam , a subsidiary of Thailand’s Siam City Cement Public Company Ltd (SCCC), has begun construction of its Thi Vai grinding mill No2. The new mill, which marks an investment of over US$35m, will help meet rising cement demand in the Southeast region, according to Vietnam News.

Vietnam market expands 5% in October

25 November 2022, Published under Cement News

Cement sales in Vietnam saw a five per cent increase to 5,376,495t in October 2022 when compared with October 2021, according to the Vietnam National Cement Association (VNCA). Of this total VICEM reported a four per cent uptick YoY to 1,805,791t while other VNCA members increased their deliveries at the same rate to 1,200,704t. Vietnam’s other producers saw a five per cent advance YoY to 2,370,000t in October 2022. However, exports halved to 2,106,653t in October 2022 when compared with...

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...

Cement carrier sinks off the coast of Taiwan

02 November 2022, Published under Cement News

A search for 12 missing crew members continues off the coast of Taiwan after their cement carrier sank. The 10,000dwt Xing Shun No 1, built in 2014, sank on Monday, 31 October, on the east side of the Changhua channel in the Taiwan Strait. The Panama-flagged ship had 17 seafarers on board. Five seafarers who abandoned the vessel were successfully rescued, and the remaining 12 were still alive at that point, having made it to the lifeboats. Taiwanese authorities said two empty lifeboa...

Vietnamese cement market expands 25% in September

01 November 2022, Published under Cement News

Total cement dispatches in Vietnam surged by 25 per cent YoY to 4,631,353t in September 2022, according to data published by the Vietnam National Cement Association (VNCA). Of this total, VICEM sales were up 30 per cent YoY to 1,598,940t while other VNCA-affiliated cement companies reported a 59 per cent surge to 1,132,413t in September 2022 when compared with September 2021. Other cement producers in Vietnam saw dispatches rise more modestly at nine per cent YoY to 1.9Mt. The cement ass...

Vietnam cement demand advances 37% in August

31 October 2022, Published under Cement News

Cement consumption in Vietnam increased by 37 per cent YoY in August 2022, according to data published by the Vietnam National Cement Association (VNCA). VICEM sales improved by 39 per cent YoY to 1,555,599t in August, while VNCA-affiliated companies saw their combined sales surge by 68 per cent YoY to 10,150,041t. Vietnam’s other cement companies improved their dispatches by 23 per cent YoY to 1.97Mt. Meanwhile, total cement and clinker exports saw a 23 per cent contraction to 3,239,771t...

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...

Luks Group (Vietnam Holdings) reports 4% YoY drop in revenue

02 September 2022, Published under Cement News

Luks Group (Vietnam Holdings) Company Ltd has announced revenue of HKD266.3m (US$33.9m) in the first half of 2022, down 4.1 per cent from HKD277.7m in the same period a year earlier. Profit over the same period declined from HKD42.1m to HKD23.5m, while earnings per share contracted from HK8.5c to HK5.1c.  Over the six months, the cement and clinker sales of the group’s cement plant was approximately 420,000t, down 19.8 per cent on the 524,000t sold in the 1H21. From its cement business,...

Vietnam’s cement consumption up 6% in July

30 August 2022, Published under Cement News

Vietnam’s cement market expanded six per cent to 5,199,736t in July 2022 when compared with July 2021, according to the Vietnam National Cement Association (VNCA). VICEM sales advanced by eight per cent YoY to 1,750,212t while other VNCA-affiliated companies reported a 22 per cent hike in deliveries. Non-affiliated cement producers saw sales slip by three per cent to 2.18Mt YoY in July 2022. Meanwhile, export sales were down 31 per cent YoY to 2,214,034t in July 2022. Of this total clinker...

Vietnamese cement consumption falls 27% in July

18 August 2022, Published under Cement News

Cement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Ministry of Construction. Domestic consumption in July reached 4.85Mt while exports stood at around 1.1Mt. For the first seven months of 2022, cement consumption was an estimated 54.99Mt, a decline of 17 per cent YoY, with domestic consumption down three per cent over the same period to 36.84Mt. According to the Departm...