Cement News tagged under: Vietnam
Vietnamese prices could rise in September13 September 2018, Published under Cement NewsVietnamese cement producers may increase prices this month as a result of the increased demand seen in the construction season, according to the Department of Price Management under the Vietnamese Ministry of Finance. However, the prices of popular cement products, such as PCB30 and PCB40, remained stable in August. Vicem affiliates are currently supplying the two types of cement at a price range between VND1-1.47m/t (US$42.9-63/t), depending on the product and specific producer. |
Vicem sees Jan-Aug sales up 12% YoY12 September 2018, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) reported cement and clinker sales of 18.88Mt in the first eight months of this year. This represents an increase of 11.5 per cent when compared with 8M17. Clinker production from the company’s cement plants also increased by six per cent to 13.43Mt while in terms of cement, output rose 6.3 per cent to 15.24Mt. In August alone, clinker and cement sales were up 28.3 per cent YoY to 2.57Mt, of which 2.06Mt was exported. Clinker output increas... |
ThaiGroup receives land for Minh Tam plant construction30 August 2018, Published under Cement NewsThe People’s Committee in Binh Phuoc, Vietnam, has decided to hand over 430,612m 2 of land to ThaiGroup JSC for the construction of the Minh Tam cement plant. ThaiGroup initiated the project in early-2017 by acquiring it from Mien Dong JSC, which was facing financial difficulties. The plant represents a total investment of VND12trn (US$515m) and is expected to eventually operate at a cement capacity of 4.5Mta. Construction is anticipated to be completed within two years. Meanwhile, the f... |
Vietnam exports continue to soar to record levels28 August 2018, Published under Cement NewsVietnamese exports of cement and clinker soared to 2.251Mt in July 2018, up 61 per cent YoY. Clinker exports reached 1.669Mt in the period, increasing 72 per cent YoY, with higher volumes largely driven by Chinese demand. Total domestic cement consumption maintained its upward trend and reached 5.135Mt in July, advancing seven per cent compared to the year-ago period, according to the Vietnam National Cement Association (VNCA). Sales by VICEM group companies amounted to 1.671Mt in July, ... |
New Vietnamese project receives support24 August 2018, Published under Cement NewsVietnam's Ministry of Construction has agreed with Cong Thanh Group's proposal to invest in a second grinding unit in Thanh Hoa province. According to the government's plan for the country's cement industry in 2011-20 with a vision to 2030, new cement projects must be developed alongside the same clinker capacity. The company commissioned a 11,000tpd (3.6Mta) kiln and 1.5Mta grinding station in 2015. Therefore, an additional 2Mta grinding unit is in line with the government's plans, accord... |
Vietnam sees 63% advance in exports in 7M1816 August 2018, Published under Cement NewsVietnam’s cement and clinker exports surged 63.2 per cent to 17.65Mt and 73 per cent to US$656.3m in the first seven months of 2018, according to the country’s General Department of Customs. Around 26.9 per cent of exports were shipped to Bangladesh, Vietnam’s largest cement and clinker export market. In terms of volume, deliveries rose by 4.9 per cent to 4.75Mt while the export value increased by 15.8 per cent to US$152.8m YoY. The average price of exports was US$32.2/t. Volumes to C... |
Cemtech’s Asian adventure07 August 2018, Published under Cement NewsCemtech Asia 2018 was held at the Meliá Hanoi, Vietnam, on 24-27 June, and welcomed 225 delegates to participate in a conference and exhibition that celebrated the thriving cement industry of the region. By ICR Research, UK. Thomas Armstrong, managing editor, ICR, welcomed delegates to Cemtech Asia 2018 Thomas Armstrong, managing editor of International Cement Review, inaugurated Cemtech Asia 2018 by welcoming the 225 conference participants and acknowledging the importance of t... |
SCG Vietnam reports 20% revenue increase in 1H1831 July 2018, Published under Cement NewsSiam Cement Group (SCG) Vietnam has announced a 20 per cent surge in revenue to VND14.53trn (US$631.74m) in the first half of the year. The 2Q18 saw the company record a 28 per cent YoY rise in revenue to VND8.46trn, on the back of a large contribution from the packaging business, according to Viet Nam News. |
Vietnamese demand jumps to 5.8Mt in June27 July 2018, Published under Cement NewsTotal cement consumption in Vietnam increased to 5.812Mt in June, representing a YoY rise of 126 per cent and a MoM fall of nine per cent, according to the Vietnam National Cement Assocation (VNCA). Of this total, the VICEM group supplied 1.82Mt, up 110 per cent YoY, while joint venture companies delivered 1.643Mt, an advance of 115 per cent. Other domestic cement producers saw their combined sales rise by 147 per cent to 2.35Mt. Exports from Vietnam in June saw a 174 per cent hike to... |
Vietnam's Ministry of Construction opposes transfer of Quang Son to Vicem24 July 2018, Published under Cement NewsVietnam’s Ministry of Construction has opposed the Ministry of Industry and Trade’s proposal to transfer the 1.5Mta Quang Son facility from Vinaincon to Vicem, both state-owned corporations, partially due to the plant’s losses and mounting loans, according to Viet Nam News. "Quang Son cement plant is located in an unfavorable position for transportation that leads to high production costs," said Luong Quang Khai, chairman of the board of members, Vicem. "In addition, the plant is suffe... |