Cement News tagged under: Vietnam
Vietnam estimated to produce 7.8Mt in January01 February 2019, Published under Cement NewsVietnam’s General Statistics Office has estimated that the country produced 7.8Mt of cement in January 2019. This figure represents a 5.9 per cent YoY increase, but is down 1.6 per cent MoM. Revised figures for 2018 show that the country produced 90.2Mt in the full-year period, up 9.7 per cent YoY. |
Safeguard measures placed against imports into Philippines28 January 2019, Published under Cement NewsThe Philippine’s Department of Trade and Industry (DTI) has begun preliminary safeguard measures against cement imports from Vietnam amongst other countries. As such, the DTI applied duties of PHP8.40 (US$0.16)/40kg bag or PHP210/t (US$4/t). The safeguard measures will be in place for 200 days from 18 January 2019. Vietnam was the biggest importer of cement into the Philippines between 2014-17. In the first four months of 2018, cement imports from Vietnam accounted for 75.2 per cent of th... |
Cement demand in Vietnam slips 1% YoY24 January 2019, Published under Cement NewsTotal cement demand in Vietnam fell to 5.828Mt in December 2018, down by one per cent YoY, but up three per cent when compared with November 2018, according to the latest data by the Vietnam National Cement Association (VNCA). Of this total, VICEM Group companies accounted for 1.96Mt with an additional 1.618Mt sold by VICEM’s joint ventures, representing YoY changes in sales volumes of -4 and +3 per cent, respectively. Other cement producers sold 2.25Mt in December 2018, resulting in stabl... |
Thanh Thang receives approval for two additional lines11 January 2019, Published under Cement NewsNguyen Xuan Phuc, Vietnam’s prime minister, has given approval to add two cement production lines (4 and 5), with a capacity of 2.3Mta each, to Thanh Thang Cement Corp’s plant in Ha Nam. The fourth line is expected to enter operation after 2021 and the fifth after 2025. Both lines with produce cement for projects specifically located on the coast or islands. The country’s Ministry of Construction has been assigned to work with both the Ministry of Natural Resources and Environment and the... |
VICEM targets further growth in 201908 January 2019, Published under Cement NewsVietnam Cement industry Corp (VICEM) has reported a 10 per cent YoY increase in revenue to VND37trn (US$1.59bn) for 2018. The company also saw an 11 per cent rise in pretax profit to VND2.8trn. VICEM expects to push this even further by reaching a revenue of VND40trn in 2019. According to Bùi Hồng Minh, general director of VICEM, pretax profit is expected to hit VND3.2trn in the year ahead. To achieve these goals, the company will produce and consume 31Mt of coal. It will also invest in ... |
China accounts for 15% of Central American cement imports07 January 2019, Published under Cement NewsIn the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by two per cent from US$75.6m to US$77.1m in the 6M18 when compared with the year-ago period. Around 15... |
Vietnam demand up 10% in 11M1803 January 2019, Published under Cement NewsCement consumption in Vietnam remained largely stable in November 2018 when compared with the previous year at 5.675Mt, according to the Vietnam National Cement Association (VNCA). Of this total 1.955Mt was sold by the VICEM Group with an additional 1.62Mt through the company’s joint ventures. Other cement producers sold 2.1Mt in November, representing a four per cent YoY drop. MoM total domestic sales fell by four per cent with VICEM Group companies noting a six per cent drop and its joint ... |
Vietnamese cement exports hits record high in 201802 January 2019, Published under Cement NewsThe volume of Vietnamese cement exports rose 55 per cent YoY to 31.65Mt in 2018, according to the Vietnam Cement Association (VNCA). As the highest ever export value in the sector, it represents an estimated value of US$1.2bn. The country's cement has been shipped to more than 40 countries with an average price of US$50/t for cement and US$38-US$42/t of clinker, up 20-23 per cent from the rates in 2016, according to VNCA's Chairman, Nguyen Quang Cung. Vietnam's Ministry of Construction... |
Vietnam sees 9% cement production rise in 201831 December 2018, Published under Cement NewsVietnam is estimated to have produced 90.2Mt of cement in 2018, up 9.1 per cent YoY, according to the latest data from the country’s government-run General Statistics Office (GSO). The sum included 8.6Mt in December, an increase of 9.8 per cent compared to the year-ago period. In 2017, the country produced 85.4Mt of cement, including 7.6Mt in December, according to revised figures. |
Vietnam's cement industry assists coal demand11 December 2018, Published under Cement NewsVietnam’s cement industry has helped drive an increase in coal sales during the first 11 months of 2018. The country’s Coal and Mineral Industries Corporation (Vinacomin) has exceeded its year plan within the period, recording an increase of 17 per cent YoY to 37.39Mt, according to Vietnam News. The amount of coal sold to the cement industry rose 21 per cent in comparison with the 11M17. Alongside a surge in demand from the thermal power and fertiliser industries, the high consumption of ce... |