Cement News tagged under: Vietnam
Vietnam: increasing demand for sustainable technologies23 June 2020, Published under Cement NewsIn terms of cement production, Vietnam is one of the fastest-growing countries in the world, thanks to robust domestic demand and its position amongst the world’s top cement exporters. However, this success has brought challenges and the industry is now pushing to reduce its environmental impact and optimise efficiency through the latest technology. Maxime Ramael, country head for Vietnam at FLSmidth, explains how the latest technology is supporting this endeavour. By FLSmidth, Vietnam. ... |
Cement consumption in Vietnam slips 3% YoY in May23 June 2020, Published under Cement NewsVietnamese cement demand fell by three per cent YoY to 5,680,883t in May 2020, according to the country’s cement association, VNCA. Sales by VICEM saw a two per cent decline to 1,975,476t while offtake from its associates decreased by eight per cent to 1,495,407t YoY. Other VNCA member companies saw a one per cent advance in sales to 2,210,000t in May 2020 when compared with 2,160,000t in May 2019. Exports increased by 23 per cent YoY in May to 3,138,827t, supported by a 65 per cent surge... |
VICEM Ha Tien Cement submits targets for 202016 June 2020, Published under Cement NewsVietnam’s VICEM Ha Tien Cement reported a five per cent YoY rise in net revenue to VND8839bn (US$379.79m) and profit before tax of VND928bn (up 14 per cent YoY) in 2019. However, Dinh Quang Dung, company chairman, stated that the company is projected to face risks in the form of COVID-19 and other factors in 2020. Therefore, several targets have been submitted to shareholders for the current year, including a production of 7.33Mt (level with 2019), revenue of VND8584bn (down three per cent... |
Southeast Asia’s capacity conundrum09 June 2020, Published under Cement NewsSoutheast Asia’s vibrant cement industry faces a serious but not insurmountable challenge from the current COVID-19 pandemic. In the long-run, structural overcapacity will be the key force of change, as it exerts pressure on business models, forces consolidation and calls time on new capacity. Figure 1: ASEAN GDP growth rates, 2019A-2021F Southeast Asia, which in this article relates primarily to the 10 nations making up the Association of South East Asian Nations (ASEAN) includ... |
Loesche wins Than Thang Cement mill orders09 June 2020, Published under Cement NewsAt the beginning of 2020 Loesche received a follow-up order from Thanh Thang Group Cement JSC in Vietnam to supply two vertical roller mills. The two mills are destined for a new cement line at the Bong Lang cement plant in Ha Nam province. The new cement line is a greenfield project. The contract customer for this project is Sinoma-NCDRI, a long-standing Loesche partner in international cement plant construction. The two new Loesche mills type LM 53.3+3 CS have a capacity of 180tph and ... |
Vietnamese producers faced falling sales in April26 May 2020, Published under Cement NewsVietnam’s cement market contracted 11 per cent YoY and 13 per cent MoM as domestic cement sales reached 5,664,973t in April 2020, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales reached 1,935,056t in April, down 11 per cent YoY and 13 per cent MoM while its affiliates sold 1,569,917t, down 13 and 11 per cent when compared with the volumes in the same period of the previous year and the previous month, respectively. Other cement companies reporte... |
Vietnam's cement exports to China drop 5% in 1Q2012 May 2020, Published under Cement NewsChina was the largest market for Vietnamese cement imports in the first quarter of 2020, importing 2.73Mt worth US$96.92m, according to the latest data from the General Department of Vietnam Customs. This was down 5.4 per cent and 13.3 per cent YoY in volume and value, respectively, but still accounted for 35.3 per cent of Vietnam’s export volumes during the quarter. The Philippines imported 1.47Mt worth US$69.09m in the 1Q20, declining 27.5 per cent YoY in volume and 32.3 per cent in val... |
No new cement projects expected in Vietnam this year11 May 2020, Published under Cement NewsVietnam’s cement industry is not expected to see the construction of any new production lines this year, according to Nguyen Quang Cung, chairman of the Vietnam Cement Association (VNCA). Mr Cung noted that the industry is now facing oversupply, creating a challenging environment for cement firms to invest in new factories. The chairman also stated that the Thanh Son project in Thanh Hoa is yet to finish following a decade of construction. However, as previously announced, two additional ... |
Vietnamese cement dispatches slip in March29 April 2020, Published under Cement NewsVietnamese producers supplied 6,508,053t of cement to the domestic market in March 2020, according to the Vietnam National Cement Association (VNCA). This represents a decrease of one per cent YoY but a 55 per cent MoM rise. VICEM sales in March 2020 fell five per cent YoY but rose 61 per cent MoM to 2,224,216t while deliveries by its affiliates saw a nine per cent YoY drop and 50 per cent rise MoM to 1,773,837t. Other cement companies supplied 2,510,000t, up nine and 53 per cent YoY and M... |
Siam Cement to buy Vietnamese packaging company07 April 2020, Published under Cement NewsSiam Cement is to acquire a Vietnamese packaging materials maker, Bien Hoa Packaging. The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardboard maker Rengo. Siam Cement said the size of the deal has yet to be determined, but estimated it would be less than 15 per cent of the Thai group's total assets as of the end of December, which came to THB634.7bn (US$19.2m). Bien Hoa produces 90,000t of cardboard boxes and 10,000t of food packaging materials a year... |