Cement News tagged under: Vietnam

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Vietnam Jan-Feb sales rise 6.7% YoY

05 March 2014, Published under Cement News

Vietnam sold 8.4Mt of cement in the first two months of this year, up 6.7 per cent from a year earlier, the Ministry of Construction said. Of the total, 5.3Mt of cement was sold in the domestic market while about 3.1Mt of cement and clinker was exported. At present, the local cement industry has around 2.6Mt of inventory, mainly clinker. Vietnam’s cement sales are predicted to rise by 1.5-3 per cent YoY to between 62-63Mt this year, including 48.5-49Mt of domestic sales and 13.5-1...

Vicem: January cement and clinker output declines

28 February 2014, Published under Cement News

State-owned Vietnam Cement Industry Corp (Vicem) saw output in January fall to 1.44Mt, a 9.4 per cent decline from December 2013 and 19.5 per cent reduction YoY. Of the total, 986,000t of cement and clinker were sold in the domestic market, down 28.8 per cent MoM and 40.2 per cent YoY, while 456,000t were exported, up 120.3 per cent MoM and 219 per cent YoY, respectively. In January, Vicem produced 1.23Mt of clinker and 1.05Mt of cement, down 11.6 and 16.7 per cent, respectively. Th...

Vietnam: Jan cement sales down 18.6% YoY

20 February 2014, Published under Cement News

Vietnam’s domestic sales declined by 18.6 per cent YoY in the first month of this year to 2.93Mt due to subdued real estate activity, the country’s Ministry of Construction (MoC) has said. Exports during January 2014 totalled 820,000t, including 170,000t of cement, the MoC said on its website. Vietnam’s cement sales are predicted to rise by 1.5-3 per cent YoY to between 62-63Mt, including 48.5-49Mt of domestic sales and 13.5-14Mt of exports. Last year, companies in Vietnam sold 61Mt...

Vietnam: cement plant project licence withdrawn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, ...