Cement News tagged under: Vietnam
Vietnamese market sees 11% drop in October24 December 2020, Published under Cement NewsCement demand in Vietnam fell by 11 per cent YoY to 4,899,301t in October 2020. However, when compared with September 2020, a two per cent uptick was reported by the VNCA, the country’s cement association. VICEM sales slipped by three per cent YoY but were up seven per cent MoM to 1,702,134t in October 2020, while joint ventures saw sales drop by 24 per cent YoY and 10 per cent MoM to 1,157,167t. Other companies reported an eight percent YoY decrease but a MoM five per cent increase to 2,0... |
Vietnam produces 90.3Mt of cement in 11M2001 December 2020, Published under Cement NewsVietnam is estimated to have produced 90.3Mt of cement in the first 11 months of 2020, up 3.4 per cent YoY, according to data from the country’s General Statistics Office. In November, cement output is projected to have risen 4.6 per cent YoY to 9.1Mt. The country exported 3.5Mt of cement and clinker worth US$140m in November, down 3.3 per cent YoY in volume and 3.1 per cent in value. In the first 11 months of 2020, Vietnam earned US$1.32bn from exporting 35.18Mt of cement and clink... |
Long Son Cement to commission third line in December11 November 2020, Published under Cement NewsThe third production line of Vietnam’s Long Son Cement, based in the central province of Thanh Hoa, is expected to be put into operation in December 2020, with a design capacity of 2.5Mta, according to Vietnam News. The construction of the line began in October 2019 and represents an investment of VND4trn (US$172.41m). Upon completion, the capacity of Long Son will reach 7Mta. |
Vietnam's export volumes fall 5% in October02 November 2020, Published under Cement NewsVietnam is estimated to have exported 3.2Mt of cement and clinker worth US$126m in October, down 4.8 per cent in volume and five per cent in value YoY, according to the General Statistics Office data released on 29 October. In the first 10 months of 2020, the country is estimated to have exported 31.45Mt of cement and clinker at a value of US$1.17bn, up 18.2 per in volume and 5.6 per cent in value. |
Tan Thang Cement orders an ABB control system package30 October 2020, Published under Cement NewsABB has supported Tan Thang Cement to successfully complete the commissioning of ABB Ability™ digital solutions at a new cement plant in Nghe An province, Vietnam. ABB provided the ABB Ability™ System 800xA DCS (Distributed Control System), which integrates control, electrical and communication systems for optimal visibility into all processes for stable production and the efficient use of raw materials and energy. The package also includes ABB Ability™ Knowledge Manager and ABB Ability™... |
Vietnamese cement market contracts 12% in September23 October 2020, Published under Cement NewsTotal cement sales in Vietnam fell by 12 per cent YoY and by seven per cent MoM to 4,826,791t, according to the Vietnamese National Cement Association (VNCA). Of this total VICEM sales reached 1,593,160t, down 13 per cent YoY and two per cent MoM, while VICEM’s affiliates reported an eight per cent YoY and four per cent MoM falls in sales to 1,283,631t. Other cement producers saw deliveries fall by 14 per cent YoY and 13 per cent MoM to 1,950,000t. However, exports doubled YoY to 5,320,173... |
Construction due to begin on 2.3Mta Dai Duong plant20 October 2020, Published under Cement NewsVietnam's Ocean Minerals Investment JSC is expected to commence the construction of Dai Duong cement plant on 22 October, with the project representing a total investment of VND9trn (US$388m) in the central province of Thanh Hoa. The first phase will include the construction of Dai Duong No 1 with an investment of VND4.3trn, which will be complete after 18 months and have a capacity of 2.3Mta. The People’s Committee of Thanh Hoa gave an in-principle nod to the investor in March 2019, a... |
Vietnam sees exports rise 14% YoY13 October 2020, Published under Cement NewsIn the first eight months of 2020, Vietnam exported more than 23.5Mt of cement and clinker, an increase of 13.7 per cent YoY. The biggest importers were China (12.6Mt), the Philippines (nearly 4.5Mt) and Bangladesh (1.7Mt). Some reports suggest that the current export cement prices are lower than the domestic cement rates, according to Vietnam News. However, insiders have disagreed with this and state that the export price should not be compared with selling prices in the local market ... |
Quang Ninh to delist 38.72m shares24 September 2020, Published under Cement NewsVietnam’s Hanoi Stock Exchange (HNX) has announced that it will delist 38.72m shares of Quang Ninh Construction & Cement on 29 September. The stock of QNC will have 28 September as the last trading date, according to the HNX website. The move aims to help QNC focus on the restructuring of its business activities to improve performance. In the first half of 2020, QNC posted a net profit of VND61bn (US$2.63m) and saw revenue up 22.6 per cent YoY to VND711bn. |
Vietnam's domestic sales stable while exports see hike in August23 September 2020, Published under Cement NewsCement sales in Vietnam remained stable YoY at 5.206Mt but fell by two per cent MoM in August 2020, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM dispatched 1.63Mt, down two per cent YoY and eight per cent MoM, while its joint ventures saw sales decrease by four per cent YoY and three per cent MoM as they posted sales of 1.336Mt. Other Vietnamese cement producers saw sales rise four per cent YoY and two per cent MoM to 2.24Mt. In terms of exports, volum... |