Cement News tagged under: Vietnam
Bangladesh remains Vietnam's strongest export market24 May 2016, Published under Cement NewsFrom January to April, Vietnam exported 5.99Mt of cement and clinker to Bangladesh, which remains Vietnam's largest export market with US$64.46m. The Philippines (US$58.47m), Taiwan (US$10.67m), Mozambique (US$9.9m), and Chile (US$9.72m) are also major importers of Vietnamese cement. Vietnam's cement consumption in these four months was also very positive reaching 18.85Mt, representing an increase of 117.4 per cent YoY. |
Vietnam: Loesche to supply new Long Son Cement plant06 May 2016, Published under Cement NewsLoesche GmbH, Germany, has signed a new contract with Sinoma-NCDRI, China, to supply a new mill to Long Son Company in Vietnam. Long Son is building a new cement plant at Dong Son Bim Son and the equipment is to be delivered in the next 8-9 months. Loesche will supply a type LM 56.4 mill with a performance of 520 t/h. The gearbox of this mill has a power output of 3,600 kW. |
Vietnam sees output rise 16% in Jan-Apr 201629 April 2016, Published under Cement NewsVietnam cement producers have produced 24.4Mt of cement in Jan-Apr 2016, up 15.8 per cent YoY, according to estimates from the government-run General Statistics Office. In April 2016 output is expected to have risen 12.5 per cent when compared to April 2015, said the organisation in a report. It also revised upwards 1Q16 production from an earlier estimate of 11Mt to 17.3Mt. The country faces a supply glut but despite continuing economic setbacks, the Ministry of Construction forecasts... |
Growing pains: southeast Asia's looming overcapacity29 April 2016, Published under Cement NewsPositioned between the two most populous nations on Earth, the emerging economies of southeast Asia have ridden the wave of economic growth in the early years of the century. Between 2000 and 2014 the 10 ASEAN countries saw their collective real GDP grow at 5.7 per cent annually and look set to continue this trend over the next five years. Cement demand has kept up with this brisk pace of expansion and – according to figures from Morgan Stanley – will continue to do so, growing at 5.2 per ce... |
Siam Cement has plans to fully enter Vietnamese market28 April 2016, Published under Cement NewsIndustrial conglomerate Siam Cement Group is looking at operating its first cement plant in Vietnam as the next step in the company's expansion abroad, claims Nikkei Asian Review. President and CEO, Roongrote Rangsiyopash, told reporters in Bangkok on Wednesday that a joint venture or merger with an existing plant would be the best way to enter the Vietnamese market because of the country's current excess capacity. The Vietnamese market is attaractive to Siam Cement because public and... |
LafargeHolcim considering Vietnam exit25 April 2016, Published under Cement NewsLafargeHolcim Group, a joint venture between Swiss Holcim Ltd. and French Lafarge Group, may withdraw from Vietnam due to oversupply of cement in the domestic market, said Nguyen Cong Bao, general director of Holcim Vietnam, a subsidiary of Holcim Ltd. The group had a meeting with the Vietnamese Ministry of Construction to notify of the group’ business plans in Vietnam for the coming time, Mr. Bao was quoted by Dau Tu newspaper as saying Wednesday. According to the newspaper, Vietnam Cemen... |
SCG forecasts regional capacity will hit 292Mta by 201820 April 2016, Published under Cement NewsIn a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a... |
Vietnam PM approves Thaicement Ha Tien works12 April 2016, Published under Cement NewsVietnam's Prime Minister, Nguyen Xuan Phuc, has approved the investment in Thaicement's 4.5Mta Ha Tien plant in the Mekong delta province of Kien Giang as part of projects to be implemented during the 2011-20 period with a vision to 2030. The PM assigned the Ministry of Construction and People’s Committee of Kien Giang province to conduct a survey and exploration of limestone and clay assessment and present to National Mineral Reserves Councils for approval before granting the investment ... |
Vietnam's cement output rises 11% YoY in 1Q1629 March 2016, Published under Cement NewsVietnam is estimated to have produced 11Mt of cement in the first quarter of this year, rising one per cent from a year earlier, the government-run General Statistics Office said. In March the country’s cement output is likely to rise 11 per cent from the same month of last year to 6Mt, the office said in a monthly report released Sunday. The office also revised down the country’s cement output in the first two months to 10.4Mt from earlier estimated of 10.8Mt. The Ministry of Constru... |
Vietnam: Hon Quan cement plant under consideration23 March 2016, Published under Cement NewsThaiGroup JSC, formerly known as Xuan Thanh Group Joint Stock Company, is considering construction of a cement plant in Hin Quan, Vietnam. The investment would be approximately VND12trn (US$533.33m) in the southern province of Binh Phuoc. The 4.5Mta Xuan Thanh Binh Phuoc cement plant would be built between 2016-20 as part of the plan to develop the country's cement industry by 2020. According to Vu Hoang, deputy general director of ThaiGroup, the group has proposed the province’s Pe... |