Cement News tagged under: Vietnam

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Vicem Hoang Mai Cement expects to return to pretax profit, Vietnam

14 October 2013, Published under Cement News

Vicem Hoang Mai Cement JSC expects to post a pretax profit of in the third quarter after an audited loss in the first six months, but is unlikely to hit its full-year target. The company’s third quarter pretax profit is expected to reach VND20bn (US$947,800) following a loss of VND23.78bn in the first half, the Dau Tu Chung Khoan magazine cited an official of the firm as saying. However, even with this quarterly advance the company is unlikely to hit its full-year profit target of VND90bn...

Vicem sales rise 9.5% in first nine months

11 October 2013, Published under Cement News

Vietnam Cement Industry Corporation (Vicem) reported a 9.5 per cent YoY rise in sales for the first nine months of 2013 to 15.84Mt, meeting 72.3 per cent of its full-year target. Of the total, 14.35Mt of sales were destined for the domestic market, a rise of 6.2 per cent YoY (comprising 11.61Mt of cement and 2.74Mt of clinker). Meanwhile, 1.49Mt of cement and clinker were exported, representing a strong advance of 57.8 per cent on the same period of the year before. The corporation pro...

Nguyen Thi Thu Huyen acquires stake in Vinaconex Xuan Mai Concrete & Construction

11 October 2013, Published under Cement News

Retail investor Nguyen Thi Thu Huyen has acquired 1.93 million shares, or a 9.67 per cent stake, of Vinaconex Xuan Mai Concrete & Construction JSC. Last month, Khai Hung Company also bought a 51 per cent stake of the cement producer from Vietnam Construction and Import-Export Joint Stock Corporation (VCG), or Vinaconex.

Vietnam sees double-digit rise in 9M13 sales

10 October 2013, Published under Cement News

Vietnam sold 44.4Mt of cement in the first nine months of this year, representing an increase of 12 per cent YoY, the Building Materials Department under the Ministry of Construction has said. The total amount sold also included 10Mt of cement and clinker exports. At present, the industry has around 2.6Mt of unsold products, mainly clinker, including 1.2Mta of cement and clinker from the Vietnam Cement Industry Corp (Vicem). The department also said it expects the retail price of ceme...

Vietnam to launch three more plants by year-end

02 October 2013, Published under Cement News

Cement producers in Vietnam will bring three more plants into production later this year (X18, Quang Phuc and Dong Lam), according to the Vietnam Cement Association (VNCA). This will take the sector’s total capacity to the 70Mta mark and exacerbate the existing market glut. Cement consumption is forecast to reach 45-46Mt in 2013 and as a result, the new plants will increase the surplus output to 24-25Mt.   The Vietnamese cement industry is facing a challenging time as local producers h...

Vietnam monthly output up 13% MoM

01 October 2013, Published under Cement News

Cement producers in Vietnam increased their output 13 per cent MoM and 17.6 per cent YoY to 5.2Mta in September, according to the country’s General Statistics Office (GSO). The GSO also revised down the national output figure for August to 4.6Mt from an earlier estimate of 4.9Mt. In the first nine months of 2013, Vietnamese cement makers are estimated to have produced 41.8Mt, up 5.5 per cent YoY. Cement sales are expected to rise by 4-5 per cent to 56-57Mt in 2013, including 48-49Mt...

Vietnam producers increase prices

24 September 2013, Published under Cement News

Vietnam producers have increased cement prices by VND100,000/t (US$4.71) to help mitigate higher input costs despite domestic demand remaining subdued. The increase is due to the rising cost of inputs such as petroleum, coal and power. The average selling price is now VND1.28m. Prices in the north range between VND1.28m-1.66m/t while in the north they are VND1.36-1.74m/t.  Producers have also reduced their discount to agencies by VND20,000/t, the price management department under Vietn...

Vicem eight-month sales rise 9.5%

18 September 2013, Published under Cement News

Vietnam Cement Industry Corp (Vicem), domestic market leader, said cement and clinker sales rose by 9.5 per cent YoY to 14.38Mt. Domestic sales accounted for 13.64Mt of the total while 742,000t was exported. The group produced 10.89Mt of clinker and 11.13Mt of cement, up 12.5 and 11.8 per cent YoY, respectively. However, in August 2013 alone, sales fell 9.47 per cent to 1.76Mt from the previous month but were up 5.1 per cent YoY. Domestic shipments accounted for 1.62Mt, down 5.7 per c...

Khai Hung Co acquires Vietnam firm

06 September 2013, Published under Cement News

Khai Hung Company has acquired a 51 per cent stake, or 10.2 million shares, of Vinaconex Xuan Mai Concrete & Construction JSC (XMC) from Vietnam Construction and Import-Export Joint Stock Corporation (or Vinaconex). The price of the deal was not disclosed, the Vietnam Securities Depository said in a statement. Vinaconex earlier planned to sell the same amount of shares of XMC at a minimum price of VND15,012 each, part of its plan to divest from non-core businesses. XMC now has a regi...

Vietnam August production rises 8.32%

29 August 2013, Published under Cement News

Vietnam cement production in August climbed to 4.9Mt, an 8.32 per cent increase compared to the same period of last year, the General Statistics Office has said. Compared to July 2013, last month’s output rose by 6.52 per cent on a MoM basis. The office revised down production in July to 4.6Mt from a previous estimate of 5.1Mt. In the first eight months of this year, the country is estimated to have produced 36.9Mt of cement, representing an increase of 4.78 per cent YoY. Last year produc...