Cement News tagged under: Vietnam

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Vietnam government investment arm to divest in Yen Bai shareholding

19 August 2014, Published under Cement News

The Vietnamese government’s investment arm, State Capital Investment Corporation (SCIC), plans to sell its entire 1.9 million shares of Yen Bai Cement and Minerals JSC (YBC) between 21 August and 19 September. SCIC currently holds a 40.6 per cent stake in YBC.  The Hanoi Stock Exchange (HNX) cancelled the stock listing of YBC on 28 May 2014.

Vietnam sales up 8% in first seven months

12 August 2014, Published under Cement News

Vietnam sold 37Mt of cement in the first seven months of this year, up eight per cent from a year ago and fulfilling 59.75 per cent of the whole-year target, the country's Ministry of Construction said. Of the total, 28.5Mt was sold to the domestic market and 8.52Mt was exported, the Nhan Dan newspaper cited the ministry as saying Monday. In July, the country’s cement and clinker sales inched down one per cent from June but rose two per cent on a YoY basis to 4.98Mt. This volume comprised ...

Vissai Ninh Binh Group exports 1.5Mt of clinker to France

11 August 2014, Published under Cement News

Ciment de Bourbon has drawn up a contract with cement producer Vissai Ninh Binh Group, a private Vietnamese group, to receive 1.5Mt of clinker to facilitate the construction of  to an expressway project on Réunion. The clinker will be shipped at a price of US$42/t under the contract that will be effective for five years, said Nguyen Tien Dat, Vissai Ninh Binh's deputy director. The Vietnamese group has carefully considered the prices to avoid the negative impact driven by the fluctuations ...

Vietnam cement production rises 6.5%

31 July 2014, Published under Cement News

Vietnam produced 4.9Mt of cement in July, up 6.5 per cent from both June 2014 and from the year-ago period, the government’s General Statistics Office (GSO) said. In the first seven months, domestic output is likely to have increased by 4.6 per cent from a year ago to 33.6Mt. However, the GSO has revised down the country’s cement output in June to 4.6Mt from the earlier estimated figure of 5.4Mt.

Semen Indonesia increases Vietnam spend

18 July 2014, Published under Cement News

Semen Indonesia has increased the amount it plans to spend on its next Vietnamese acquisition as it sets its sights on a higher-capacity purchase. Speaking to the Jakarta Globe, president director Dwi Soetjipto said Semen Indonesia is looking to acquire a second Vietnamese producer with a production capacity of 2.5Mta involving an investment of IDR3trn (US$250m). Dwi added that this was an upward revision from the company’s earlier plan, which had allocated IDR1trn for the acquisition of a...

Indonesia ranks Vietnam’s top importer over Jan-May 2014

17 July 2014, Published under Cement News

Indonesia accounted for the largest share of Vietnam’s exports over the first five months of this year, according to data from the Vietnamese Ministry of Industry and Trade. Indonesia imported 1.27Mt of cement and clinker from Vietnam, representing 12 per cent of sales over the January-May 2014 period. Taiwan ranked second with 581,600t, followed by Malaysia (423,371t), Chile (215,000t), Cambodia (206,473t) and Angola (193,159t). Vietnam’s domestic sales are expected to rise by nine pe...

Vietnam: Long Son Cement project could get go ahead

11 July 2014, Published under Cement News

Vietnamese deputy prime minister, Hoang Trung Hai, is considering a proposal from the Ministry of Construction to add the Long Son cement project in the central province of Thanh Hoa to the national master plan for the cement industry in the 2011-20 period, with a vision to 2030. The deputy minister asked the ministry to carefully review the proposal from authorities of Thanh Hoa province. Last year, the government decided to cancel nine cement projects, comprising Ha Tien-Kien Giang, T...

Vietnam first-half cement output rises 7%

02 July 2014, Published under Cement News

Vietnam produced 29.5Mt of cement in the first half of this year, up seven per cent YoY, the government’s General Statistics Office (GSO) has said. The figure includes 5.4Mt sold in June, up 19 per cent, the office added. The GSO has, however, revised down the country’s cement output in May to 5.4Mt from the earlier estimated figure of 5.5Mt. In 2013, Vietnam’s cement output hit 56.84Mt, according to the revised figure.

Vicem production up 5.1% per cent in first five months

19 June 2014, Published under Cement News

Vietnam Cement Industry Corporation (Vicem) produced 7.34Mt of cement in the first five months of this year, rising 5.1 per cent from a year ago and fulfilling 39 per cent of the whole-year target. The corporation’s clinker output, however, fell by three per cent YoY to 6.63Mt in the period, meeting 38.4 per cent of the full-year target. In May, Vicem’s cement output rose by 6.3 per cent YoY to 1.73Mt, while the corporation’s clinker output was 1.39Mt, equal to the figure of May 2013. ...

Semen Indonesia to fund Thang Long expansion

16 June 2014, Published under Cement News

State-run cement producer Semen Indonesia is planning to spend US$300m to establish a new plant in Vietnam as part of its business expansion in southeast Asia. The new facility will be in the south of the country, near the company’s limestone mine. Semen Indonesia's president director, Dwi Soetjipto, said Semen Indonesia hopes to expand the production capacity of TLCC, its Vietnamese subsidiary, by establishing a new 1.5Mta plant. He added that plant construction would start early next yea...