Cement News tagged under: Vietnam

RSS feed

Vietnam government prepares to divest Sai Son stake

30 December 2014, Published under Cement News

State Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, is shortly due to sell its 3.2 million share holding in Sai Son Cement JSC (SCJ).  The move is expected to take place within a month from 31 December 2014 as SCIC aims to fully divest of its 16.44 per cent stake in the cement producer. The share sale is part of SCIC’s plan to exit from 376 companies by the end of 2015 to cut its portfolio to 100.

World Bank expected to provide US$200m for Vietnam WHR systems

23 December 2014, Published under Cement News

The World Bank is expected to provide US$200m for Vietnam's cement companies to invest in technology to collect heat from their kilns to generate power, according to the Vietnam National Cement Association (VNCA). VNCA said the financing pledge is part of the international lender’s programme to finance efficient energy consumption for the local cement industry and the step can help save some 30 per cent of electricity used in cement production. The association’s chairman, Nguyen Quang Cu...

Vietnam cement sales on track to exceed full year target

22 December 2014, Published under Cement News

Vietnam’s total cement sales are estimated to hit 70Mt in 2014, surpassing the full-year target by 6Mt, the Ministry of Construction said. The volume includes 50.5Mt of domestic cement sales and 19.5Mt of exports. The volume of cement exports surpassed the whole-year target by 4Mt. The average exporting prices of the cement amounted at US$43.15/t, rising five per cent or US$2/t from a year ago, the ministry noted. Vietnam currently has 74 cement production lines with a combined annua...

SCIC plans to divest in Sai Son Cement holding

22 December 2014, Published under Cement News

State Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, plans to sell its entire 3.2 million shares, equal to 16.44 per cent stake of Sai Son Cement JSC (SCJ). The initial price is set at VND14,300 ($0.67) each, 40.2 per cent higher than its market price of VND10,200/share on Monday, but below SCJ’s book value of VND14,650 as of 30 September. SCIC has divested from Nghe An Bus Station JSC (NBS), Cuu Long Pharmaceutical JSC (DCL), Dien Quang JSC (DQC), Ag...

Vietnam exports surpass full year target

12 December 2014, Published under Cement News

Vietnam exported about 19Mt of clinker and cement in the first 11 months of this year, surpassing the whole-year target by 26.67 per cent, the Vietnam Building Material Association said. The average exporting prices of the cement amounted at US$43.15/t during the period. Over the January-November 2014 period, Vietnam’s domestic cement sales also hit 49Mt .The Ministry of Construction has predicted Vietnam's sales of cement and clinker to rise 4-7 per cent YoY to between 71Mt and 73Mt ...

Vietnam: Vicem monthly sales up 3.5%

10 December 2014, Published under Cement News

State-owned Vietnam Cement Industry Corporation (Vicem) said it sold 1.92Mt of cement and clinker last month, an increase of 3.5 per cent from a year ago. Of the volume, 1.64Mt of cement and clinker were sold in domestic market, up 1.9 per cent YoY, and 283,000t were exported, rising 14.1 per cent. In the first 11 months of 2014, Vicem’s clinker and cement sales rose 3.1 per cent YoY to 20.09Mt, of which 17Mt were sold in the domestic market, and 3.09Mt were exports, representing a 3.1 ...

Vietnam Jan-Nov cement sales up 16%

08 December 2014, Published under Cement News

Cement sales in Vietnam jumped 16 per cent YoY to 64.46Mt in the first 11 months of this year, fulfilling the whole-year target, according to the government’s data. Of the sum, 46.16Mt were sold in the domestic market, rising eight per cent YoY and meeting 94 per cent of the year’s plan. A total of 18.30Mt were exported, rising 43 per cent and surpassing the year’s target by 22 per cent. In November, Vietnam’s cement sales rose one per cent YoY to 6.2M, including 4.52Mt of domestic sal...

Vietnam monthly cement production up 6.7% YoY

04 December 2014, Published under Cement News

Vietnam produced 5.6Mt of cement in November, up 5.7 per cent from October and 6.7 per cent from a year ago, the government’s General Statistics Office (GSO) said. In the first 11 months of this year, the country’s cement output rose 5.3 per cent YoY to 54Mt, the office noted in its monthly report. The GSO has also revised down the country’s cement output in October to 5.3Mt from the earlier estimated figure of 5.2Mt.

Vietnam sales seen rising 4-7% in 2015

01 December 2014, Published under Cement News

Vietnam's sales of cement and clinker are predicted to rise by 4-7 per cent next year to between 71-73Mt, according to estimates by the country’s Ministry of Construction (MoC). Of the total, domestic sales are expected to reach 52-53Mt while exports are anticipated to amount to 19-20Mt during the year, state media cited the ministry as saying last week. Vietnam currently has 74 cement production lines with a combined output of 77Mta. This year, four cement plants with a total capacity ...

Vietnam: cement consumption on the rise

27 November 2014, Published under Cement News

Vietnam's Ministry of Construction forecast that about 52-53Mt of cement and clinker will be consumed in the domestic market in 2014 with an additional 18-21Mt exported. Vietnam’s cement production currently includes 74 kiln lines with a total output capacity of 77Mta. In the first 10 months of 2014, Vietnamese cement producers sold 56.54Mt of cement and clinker. According to the Vietnam Cement Association, cement exports this year could earn as much as US$1bn via the export of 20-21Mt of ...