Cement News tagged under: Vietnam
LafargeHolcim02 September 2016, Published under Cement NewsLafargeHolcim has agreed to sell its 65 per cent stake in LafargeHolcim Vietnam to Siam City Cement Company, assuming that the existing minority shareholder does not exercise its pre-emption rights. Based on a company value of CHF867m this values the deal at EUR516m. LafargeHolcim Vietnam has one integrated works and four grinding centres with a total capacity of 6.3Mta. The company also has seven ready-mixed concrete works in southern Vietnam. LafargeHolcim reached an agreement with... |
Vietnam: cement output up 15.2% YoY31 August 2016, Published under Cement NewsVietnam is estimated to have produced 50.6Mt of cement in the first eight months of 2016, a 15.2 per cent increase from the same period last year, according the the government-run General Statistics Office. Cement output in August is expected to climb 13.1 per cent to 6.5Mt compared to August 2015. Following China, India, Iran and the US, Vietnam is the fifth-largest cement producer in the world. It operates 76 production lines with a combined output of 81.56Mta. Vietnam is currently f... |
Vietnam cement sales reach 45.02Mt in Jan-Jul 201623 August 2016, Published under Cement NewsInclement weather conditions resulted in Vietnam’s cement sales slipping to 5.15Mt in July, but prices remained stable, according to the country’s Ministry of Construction. Exports stood at 1.1Mt. In the first seven months of this year, Vietnam’s cement sales reached 45.02Mt. Around 35.52Mt was sold in the domestic market, up 14 per cent YoY, while 9.5Mt of cement and clinker were exported, 1.6 per cent less than in Jan-Jul 2015. At present, Vietnam has 76 cement production lines and a... |
Vietnam sees export value rise 19% in Jan-Jul 201616 August 2016, Published under Cement NewsVietnam earned US$335.12m as it exported 8.97Mt of cement and clinker in the Jan-Jul 2016 period, up 18.8 per cent YoY in value, but down 6.2 per cent in terms of volume. The Philippines, Bangladesh, Taiwan and Mozambique were key importers of Vietnamese clinker and cement in the first seven months of this year, according to the Vietnamese Ministry of Industry and Trade. The Philippines surpassed Bangladesh to become the largest importer of cement and clinker from Vietnam in terms of v... |
Vietnam: "Cement plants are damaging automotive trade"10 August 2016, Published under Cement NewsNguyen Van Thanh, deputy chair of Quang Ninh province, has instructed the provincial Department of Natural Resources and the Environment to examine the pollution level caused by the cement and clinker plants to find reasonable solutions. The step follows dust pollution issues caused by cement and clinker plants located at the Cua Luc river head. They ship their product out via Cai Lan International Port, one of five seaports in Vietnam which also handles car imports. The car trade has p... |
Siam Cement acquires 65% share in Lafarge Holcim Vietnam05 August 2016, Published under Cement NewsLafargeHolcim Ltd has signed an agreement with Siam City Cement Public Company Ltd f or the divestment of its 65 pe rcent shareholding in LafargeHolcim Vietnam, it said on Thursday. The enterprise value of the deal was CHF867m (US$890.7m), on a 100 per cent basis, the Swiss-French group said in a statement. It said the transaction was subject to customary regulatory and shareholder approvals, as well as to a right of first refusal of LafargeHolcim's joint venture partner, and was expec... |
Vietnam: cement and clinker sales reach 38.7Mt in 1H1613 July 2016, Published under Cement NewsVietnam's Building Material Department, under the Ministry of Construction, reports that cement producers in the country sold 38.7Mt of cement and clinker in the first half of this year, rising 12.4 per cent from a year earlier. Therefore, the industry has met 51.01 per cent of its whole-year target. The Ministry of Construction forecasts that Vietnam's sales of cement and clinker will rise 4-7 per cent YoY to 75-77Mt in 2016. A total of 29.92Mt of cement and clinker were sold domestic... |
Vietnam offers support for state-owned cement firms12 July 2016, Published under Cement NewsAccording to figures released by the Ministry of Finance, the Vietnamese government is providing restructuring loans to unprofitable state-owned cement firms, VietNamNet Bridge reports. Firms, including Song Thao, Thai Nguyen and Ha Long, are being supplied with cash in an effort to prepare the cement sector for part-privatisation. Already, some plants have been transferred to Vicem from other state-owned enterprises (SOEs) and the government is understood to want to begin the sell-off, p... |
Vietnam: consolidation unavoidable08 July 2016, Published under Cement NewsAnalysts may ponder whether cement production in Vietnam is entering a crucial phase as this week the Ministry of Construction announced that it would be divesting a large stake in the Vicem cement group with a public offering in the 4Q16. Cement oversupply in the market is increasing while exports have been difficult and as cement prices come under pressure, consolidation appears now unavoidable. Vicem also holds 35 per cent of shares in Holcim Vietnam, a member of the LafargeHolcim Gro... |
Vietnam: government to sell Vicem stakes04 July 2016, Published under Cement NewsAccording to a local news source, the Ministry of Construction is set to divest its stakes in Vicem through an initial public offering in 4Q16. Cement producer Vicem currently control 34 per cent of the local market. At the end of last year the company announced on its website that the share sale would pare the state holding to a minimum of 51 per cent. Investors from Thailand and Indonesia have expressed their interest in acquiring the stakes in Vicem. However, foreign investors will be ... |