Cement News tagged under: Vietnam

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Vietnamese cement sales rise 2% in September

04 November 2019, Published under Cement News

Total Vietnamese cement sales reached 8.196Mt in September 2019, up two per cent YoY and one per cent MoM, according to the latest data by the Vietnam Cement Association (VNCA). Of this total, 5.537Mt was sold on the domestic market, a YoY improvement of four per cent (+7 per cent MoM), while 2.659Mt was exported. Exports saw a four per cent YoY and nine per cent MoM decline. VICEM sales in September 2019 increased by two per cent YoY and 13 per cent MoM to 1.836Mt. However, its joint vent...

Ocean plastic: an opportunity in the circular economy?

15 October 2019, Published under Cement News

Initiatives are under way to address the global issue of plastics litter in the oceans. Norway’s SINTEF highlights the use of co-processing in the Ocean Plastic Turned into an Opportunity in Circular Economy project. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, Foundation for Scientific and Industrial Research (SINTEF), Norway. Mining of plastic wastes at a dumpsite in Thailand. Image credit: Kå...

Vietnam cement sales edge down 4% in August

02 October 2019, Published under Cement News

Total cement sales by Vietnamese producers slipped four per cent to 8.091Mt  in August 2019 when compared with the year-ago period, according to data by the Vietnam National Cement Association (VNCA). Compared with the previous month’s sales of 8.087Mt, they remained largely stable. Of this total, domestic sales totalled 5.175Mt, down five per cent YoY. VICEM saw sales decline by seven per cent to 1.628Mt while its joint-venture companies reported an erosion of 14 per cent to 1.397Mt. The...

Vietnam HCMC proposes addressing illegal cement capacity expansion

02 October 2019, Published under Cement News

The People’s Committee of Ho Chi Minh City has asked the Ministry of Construction to handle some cement producers in the city due to their illegal capacity expansion, which was detected by the ministry’s inspection team earlier, according to Viêt Nam News. A branch of Thang Long Cement JSC was allowed to produce 1.25Mta, but the unit has increased its total capacity to 1.4Mta since 2011. A branch of Chinfon Cement Co received a licence to produce 0.5Mta. However, since 2017output has be...

South Africa's cement import volumes shoot up

23 September 2019, Published under Cement News

Cement imports into South Africa have surged by 293 per cent YoY in July and have also risen by 17.5 per cent since the start of the year. The main source for the cement came from Vietnam during June-July 2019, according to Industry Insight. Approximately 104,099t of cement arrived in South Africa in June with a value of ZAR70m (US$4.7m), which is the highest level of cement imports since February 2015. A total of 631,059t of cement with a customs value of ZAR440m had been imported into ...

Phinma Corp set to invest in Vietnam's Song Lam Cement

20 September 2019, Published under Cement News

Philippine-based Phinma Corp is set to invest in Vietnam’s Song Lam Cement JSC through the acquisition of preferred shares worth PHP2.6bn (US$50m). Song Lam will now become a major supplier of PhilCement Corp, which is 60 per cent owned by Phinma, according to a company disclosure. Following the investment, Phinma will be entitled to nominate one member of Song Lam’s board of directors and the chief financial officer of the company. In the 1H19 Phinma saw its consolidated net income inc...

Vicem falls short of corporate valuation

06 September 2019, Published under Cement News

The pre-equitisation valuation of the Vietnam Cement Industry Corporation (Vicem) carried out by an independent auditor fell short by nearly VND1.17trn (US$50.3m), according to the State Audit of Vietnam. The state audit agency informed the Ministry of Construction that the valuation of Vicem in October 2018 was VND28.22trn, including the state capital of VND27.8trn. However, the corporate evaluation carried out by the independent auditor valued Vicem at VND27.05trn and the state capital at...

Luks Group (Vietnam Holdings) records 10% fall in turnover

05 September 2019, Published under Cement News

Luks Group (Vietnam Holdings) Co Ltd has reported a 9.7 per cent YoY decrease in turnover to HKD330.6m (US$42.17m) for the six-month period ending 30 June 2019, compared with HKD366.2m in the 1H18. The company’s cement business saw a decline of 18 per cent YoY in turnover to HKD219.3m. The company has attributed the results to a fall in Chinese consumption, which resulted in reduced cement exports, alongside a decline in Vietnam’s domestic cement demand. The company’s plant in central Vie...

Vietnamese production estimated to have risen 9% in August

29 August 2019, Published under Cement News

Vietnam is estimated to have produced 7.9Mt of cement in August, an increase of 8.7 per cent YoY, according to the latest data from the country’s General Statistics Office. Therefore, the country’s total output in the first eight months of this year is likely to have advanced 7.6 per cent YoY to 63.1Mt.

Vietnamese cement deliveries advance by 30% in July

21 August 2019, Published under Cement News

Cement dispatches by Vietnamese producers surged by 30 per cent YoY to 8.08Mt in July, according to data by the Vietnam National Cement Association (VNCA). When compared with the previous month, deliveries were up eight per cent. Domestic sales improved by 21 per cent to 5.794Mt when compared with July 2018. VICEM saw its sales increase by 15 per cent YoY to 1.878Mt while its joint-ventures reported a six per cent YoY rise to 1.571Mt. Other Vietnamese cement producers noted a 40 per cent h...