Cement News tagged under: Vietnam

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Vietnam: cement plant project licence withdrawn

18 February 2014, Published under Cement News

Authorities of the Quang Tri province in central Vietnam are to withdraw the investment licence of a cement plant project due to sluggish implementation. Construction of the 1.2Mta Roli-Quang Tri cement plant started in June 2009 but was subsequently delayed as the company was unable to continue with the project, stated Nguyen Duc Cuong, chairman of the People’s Committee of Quang Tri province. Prime Minister Nguyen Tan Dung earlier approved a proposal by the Vietnam Building Material...

Vietnam export sales hit new high

13 February 2014, Published under Cement News

Ministry of Construction (MoC), said cement output in 2013 hit 70Mt while sales rose 14 per cent YoY to 61Mt. Cement exports reached a record high of more than 14Mt during the year as producers turn to overseas sales amid fierce competition in an overcrowded domestic market. Vietnam is predicted to witness an oversupply of 8-12Mta of cement due to many cement plants being put into operation, said MoC. At present, Vietnam has 106 cement factories. The oversupply in Vietnam's cement sec...

Vietnam's Jan cement output increases

27 January 2014, Published under Cement News

Vietnam is estimated to produce 4.8Mt of cement in January, up three per cent YoY but down 13.24 per cent from December 2013, the government General Statistics Office said in a monthly report. The office revised down the country’s cement output in December 2013 to 5.5Mt the earlier estimated figure of 5.7Mt. In 2013, Vietnam’s cement output hit 56.84Mt, according to the revised figure.

Sai Son Cement reverses losses, Vietnam

22 January 2014, Published under Cement News

Vietnamese producer Sai Son Cement (SCJ) swung to a net profit of VND7.1bn (US$80,648) in the fourth quarter of 2013 after a net loss of VND2bn in the same period the year before. Revenue amounted to VND104bn (US$4.93m) in the final quarter of last year, compared to VND72bn over the same period of the previous year. For the full year, SCJ reported VND7.6bn net profit on revenue of VND320bn compared to a loss of VND12bn in net profit and VND251.3bn revenue, respectively.

Bim Son Cement sales reach 3.9Mt in 2013

21 January 2014, Published under Cement News

Vietnam-based producer Bim Son Cement JSC (BCC) sold 3.9Mt of cement and clinker in 2013, comprising 3.4Mt of cement and 588,000t of clinker. The company’s clinker output was more than 3.9Mt last year. Its revenue rose by 0.6 per cent YoY to VND3.8trn, the Dau Tu newspaper reported. For this year, Bim Son Cement targets output of more than 3Mta of clinker, while cement and clinker sales will hit 4Mt, including 3.8Mt of cement.  Revenue for 2014 is expected to reach VND4.1trn.

Vicem 2013 revenue rises 7% YoY

14 January 2014, Published under Cement News

Vietnam Cement Industry Corporation (Vicem), Vietnam’s leading domestic producer, said its revenues rose by seven per cent YoY in 2013 to more than VND30.5trn (US$1.45bn). State-run Vietnam news agency reported that Vicem posted a pretax profit of VND528bn and contributed VND1.03trn to the state budget last year. Cement and clinker output for the state-run cement producer rose by 8.8 per cent YoY while cement sales rose by 9.3 per cent. For this year, VICEM targets cement and clinker sal...

Vietnam cement sales exceed annual target

13 January 2014, Published under Cement News

Vietnam cement sales climbed by 13.9 per cent YoY in 2013, exceeding the full-year target by 7.5 per cent, according to the Ministry of Construction (MoC). Latest figures by the MoC show that sales reached 61Mt for the year, including 47Mt of domestic dispatches (up 3.4 per cent YoY) and 14Mt of exports (up by 6Mt). Domestic output, however, is nearly 70Mt and the supply-demand imbalance remains a concern.. Last year the MoC received government approval to cancel nine cement projects, ...

Semen Indonesia: upbeat on 2014 outlook

10 January 2014, Published under Cement News

PT Semen Indonesia (Persero) Tbk, the holding company for domestic producers Semen Gresik, Semen Padang and Semen Tonasa and Vietnam-based Thang Long Cement, is upbeat on its outlook for 2014 following a positive performance last year. Total group sales, including exports to the end of November reached 23.41Mt, up 14.6 per cent YoY, the company said in a statement. Exports amounted to 317,560t during the period, a staggering 335.3 per cent YoY increase on the 72,950t traded the year befor...

Vicem sets 2014 revenue targets

09 January 2014, Published under Cement News

Vietnam Cement Industry Corporation (VICEM, the country's leading cement producer, is targeting more than VND30trn (US$1.4m) in revenue this year. To meet these goals, the company will focus on cost reduction strategies, renew production techniques, among other measures. Last year VICEM witnessed a 8.8 per cent YoY ncrease in clinker and cement output. The firm also accounted for over 16Mt out of the almost 46Mt of cement the country produced in 2013.

Ha Tien 1 lists 120m new shares on HOSE

07 January 2014, Published under Cement News

Ha Tien 1 Cement JSC has received approval from the Ho Chi Minh City Stock Exchange (HOSE) to float 120m new shares on the bourse. The shares, earlier sold to Vietnam Cement Industry Corporation (Vicem) to reduce debt, will be listed on 8 January and tradable starting 22 December 2014. The additional share listing will help the company raise its total listed volume to 318m shares. (Source: Vietnam News Brief Service).