Cement News tagged under: Vietnam
Vietnamese cement market expands 16% in February24 March 2023, Published under Cement NewsDomestic cement dispatches in Vietnam increased by 16 per cent YoY to 4,080,321t in February 2023, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM dispatched 1,220,896t, up nine per cent YoY, while other VNCA members saw their sales increased by 10 per cent YoY to 879,425t. VICEM’s domestic market share reached 30.5 per cent while other VNCA members achieved a 20.5 per cent total market share. Non-affiliated companies reported a 23 per cent surge in sales ... |
Luks Group (Vietnam Holdings) hit by construction standstill in 2H2223 March 2023, Published under Cement NewsLuks Group (Vietnam Holdings) Co Ltd has reported revenue of HKD492.88m (US$62.8m) in 2022, down from HKD513.23m in the previous year. Profit for 2022 came in at HKD48.5m, compared to HKD84.6m in 2021, while earnings per share fell from HKc16.8 to HKc10.6 over the same period. Revenue from sales of cement products stood at HKD281.45m in 2022, marking a contraction from HKD310.3m in 2021. According to the company, the fall in cement revenue was due to Vietnam’s real estate and construc... |
Cement sales in Vietnam drop 39% in January21 February 2023, Published under Cement NewsDomestic cement sales by Vietnam’s cement producers saw a 39 per cent YoY fall to 2.782Mt in January, reports VNCA, the country’s cement association. Of this total, VICEM sales were down by 37 per cent YoY to 872,557t. Other VNCA member companies reported a 42 per cent drop in sales to 529,473t. Sales by non-member companies decreased by 40 per cent YoY to 1.38Mt. Exports Exports fell by 68 per cent YoY to 1.894Mt in January 2023 with clinker exports down 74 per cent You to 572,410t a... |
Vietnam cement market expands 8% in 202220 February 2023, Published under Cement NewsCement sales in Vietnam declined nine per cent YoY and seven per cent MoM to 5.694Mt in December 2022, according to the country’s cement association, VNCA. Of this total VICEM companies sold 1.792Mt, representing a 13 per cent YoY drop, while other VNCA member companies saw their sales shrink by 12 per cent to 1.192Mt. Sales by non-member cement producers were stable at 2.71Mt in December 2022. In addition, Vietnamese cement producers exported 3.074Mt of cement and clinker, a nine per ce... |
US production and consumption increased in 202208 February 2023, Published under Cement NewsThe US produced an estimated 95Mt of Portland and masonry cement in 2022, according to the US Geological Survey (USGS), up from 93Mt in the previous year. Cement was produced at 96 plants in 34 states, along with two plants in Puerto Rico. Texas, Missouri, California and Florida were, in descending order, the four leading cement-producing states, accounting for approximately 43 per cent of US production. The US cement industry’s growth continues to be constrained by closed or idle p... |
VICEM records 30% drop in profit in 202209 January 2023, Published under Cement NewsVietnam’s VICEM has reported profits of VND1.53trn (US$63.9m) in 2022, down 30 per cent YoY. Revenue, meanwhile, advanced 17 per cent to VND39.45trn over the same period, reports VN Express. Last year saw total sales of 27.5Mt, marking a 6.7 per cent decline YoY, driven by a fall in exports. Costs in 2022 increased by VND4trn on the back of rising raw material prices. Although VICEM did increase cement prices, that was insufficient to prevent the sharp fall in profits. It has set a reve... |
Vietnamese cement market contracts 3% in November02 January 2023, Published under Cement NewsCement consumption in Vietnam in November 2022 totalled 5,275,474t, down by three per cent YoY, according to the Vietnam National Cement Association (VNCA). Of this total 1,800,848t was supplied by VICEM, representing a YoY decline of two per cent, while other VNCA members supplied 1,174,626t, down four per cent YoY. Other cement producers reported a YoY drop of four per cent to 2,300,000t. Total exports contracted by 45 per cent to 2,510,450t when compared with November 2021, said the VNC... |
DTI imposes definitive anti-dumping duty on Vietnam exporters30 December 2022, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) welcomed the imposition of definitive anti-dumping duties against cement imports from Vietnam, according to a report in the Manila Bulletin. In a statement, CeMAP reiterated its view that there is sufficient domestic capacity to serve local demand for cement. It claimed that even without cement imports, the domestic industry is highly competitive with 14 integrated cement plants operating in the country, with further capacity... |
Philippines imposes duties on Vietnam cement imports22 December 2022, Published under Cement NewsThe Philippines’ Department of Trade and Industry (DTI) has imposed duties on cement imports from Vietnam for five years. In a department order dated 16 December 2022, Trade Secretary Alfredo E Pascual said dumping of ordinary Portland cement Type 1 and blended cement Type 1P from Vietnam in the country poses an "imminent threat of material injury to the domestic cement industry". The move comes after the DTI reviewed the final report of the Tariff Commission (TC) regarding its invest... |
Polysius Asia Pacific wins two polflame® burner orders22 December 2022, Published under Cement NewsPolysius Asia Pacific team has been awarded two orders for polflame ® main burners for a cement plant in central Vietnam. This is the second order for this customer, after it purchased a main impact crusher from Polysius. With the new modular design, the polflame ® promises to have a long service life with successful handling of highly abrasive fuels, in turn, will reduce NO x emissions, claims thyssenKrupp Industrial Solutions. The outer coal channel ensures a perfect design for the use... |