Cement News tagged under: Vietnam

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Vietnam surpasses annual sales targets

05 November 2018, Published under Cement News

The Vietnamese cement industry has surpassed its annual sales target of 83-85Mt in the first 10-months of 2018, on the back of high demand in global markets. The country's industry recorded a 51 per cent YoY increase in sales to 85.23Mt in the 10M18, according to the Ministry of Construction. Exports reached 26.05Mt, rising 65 per cent compared to the year-ago period. Mainland China has become the largest importer of cement and clinker from Vietnam with 6.56Mt at US$235m in the first three ...

Vietnam market expands 23% YoY in September

25 October 2018, Published under Cement News

Domestic cement sales in September rose 23 per cent YoY in September 2018 to 5.313Mt, according to data published by the Vietnam National Cement Association (VNCA). MoM a decrease of two per cent was reported. Of this total, VICEM supplied 1.801Mt as a stand-alone company and an additional 1.532Mt with joint-venture companies. Other cement producers supplied 1.98Mt. Total output from the country’s cement facilities reached 6.209Mt in September, bringing the year-to-date total to 47.534Mt. ...

Northern province of Vietnam will not plan more cement plants

23 October 2018, Published under Cement News

Vietnam’s northern province of Quang Ninh will not add more cement or thermal power plants to provincial planning due to concerns about their negative impacts on the environment, according to Nguyen Van Doc, secretary of the provincial Party Committee and chairman of People's Council. The authority had already removed thermal power projects from planning in the Quang Yen and Dam Ha districts of the province. Quang Ninh already has ten large-scale cement and thermal power plants, according t...

Vietnam’s modernising cement industry

09 October 2018, Published under Cement News

Vietnam’s cement demand will grow robustly over the coming five-year period, with annual demand expected to exceed 80Mta by 2023, according to the Vietnam Country Report 2023, published today by ICR Research. The transformation of Vietnam’s economic fortunes over the last 25 years has been one of the great success stories of southeast Asian development. Nowhere is this more apparent than in its built environment. Since 1990 cement demand has risen from just 3Mt to its level of 61Mt in 20...

Vietnamese exports expected to rise 43% in September

27 September 2018, Published under Cement News

The Vietnamese Ministry of Construction (MoC) has estimated that the country’s cement exports will rise 43 per cent YoY to 2.2Mt in September. The country’s exports from Jan-Sept 2018 are estimated to have reached 23.28Mt, already surpassing the full-year target set by the MoC of 18-19Mt. The country’s cement producers have recorded a cement sales volume of 72.82Mt for the year-to-date period, an increase of 38 per cent YoY, reaching 85 per cent of the full-year target. Domestic consumptio...

La Hien Cement records 20% revenue increase

26 September 2018, Published under Cement News

Vietnam’s La Hien Cement JSC has announced a 20 per cent YoY increase in revenue to VND334.1bn (US$14.31m) for the first half of 2018. Furthermore, profit-after-tax surged 17 per cent to VND13.7bn in the 1H18. Meanwhile, financial expenses fell 52.5 per cent to VND5.9bn from VND9bn recorded in the year-ago period.

Vietnam cement demand up 14% YoY in August

25 September 2018, Published under Cement News

Vietnamese cement demand rose 14 per cent YoY to 5.44Mt in August 2018, according to the Vietnam National Cement Association (VNCA). Of this total, northern provinces accounted for 39.2 per cent or 2.13Mt of total domestic consumption while off-take in central Vietnam reached 1.42Mt or 26.2 per cent. In the south deliveries reached 1.88Mt or 34.6 per cent of the country’s demand. Total production reached 8.43Mt, representing an increase of 37 per cent when compared with August 2017. In a...

Tan Thang Cement awards ABB with automation contract

18 September 2018, Published under Cement News

Switzerland-based ABB has recently won an order to supply additional integrated digital automation and electrical equipment for Tan Thang Cement JSC’s greenfield plant project in Nghe An, Vietnam. This is a follow-up order from the initial delivery of the same from the company, which is currently under construction. The new order includes a 110kV AIS substation with a supervisory control and data acquisition (SCADA) system, telecommunications, and high-voltage primary and secondary equipme...

Vietnamese prices could rise in September

13 September 2018, Published under Cement News

Vietnamese cement producers may increase prices this month as a result of the increased demand seen in the construction season, according to the Department of Price Management under the Vietnamese Ministry of Finance. However, the prices of popular cement products, such as PCB30 and PCB40, remained stable in August. Vicem affiliates are currently supplying the two types of cement at a price range between VND1-1.47m/t (US$42.9-63/t), depending on the product and specific producer.

Vicem sees Jan-Aug sales up 12% YoY

12 September 2018, Published under Cement News

State-owned Vietnam Cement Industry Corp (Vicem) reported cement and clinker sales of 18.88Mt in the first eight months of this year. This represents an increase of 11.5 per cent when compared with 8M17. Clinker production from the company’s cement plants also increased by six per cent to 13.43Mt while in terms of cement, output rose 6.3 per cent to 15.24Mt. In August alone, clinker and cement sales were up 28.3 per cent YoY to 2.57Mt, of which 2.06Mt was exported. Clinker output increas...