Cement News tagged under: Vietnam

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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).

Vietnam full-year output seen 4.7% higher

30 December 2013, Published under Cement News

Vietnam is estimated to have produced 57Mt of cement in 2013, up from 4.7 per cent a year ago, the government's General Statistics Office (GSO) has said. During December, output is estimated to have increased by 7.54 per cent from the previous month, and nine per cent YoY to reach 5.5Mt, according to the latest GSO estimates. The office, however, revised down November output to 5.3Mt from a previously-estimated 5.5Mt. Cement sales are expected to have risen by 4-5 per cent this year t...

Cement exports rise for Vietnam producers

19 December 2013, Published under Cement News

Vietnam exported 12.45Mt of cement and clinker in the last 11 months or 2013, representing a YoY increase of almost 63 per cent. Tran Van Huynh, president of the Vietnam Construction Materials Association (VCMA), said the rise in exports was an attempt to clear surplus inventory because of low prices and similar situation in many countries. During the period, the country’s total cement sales rose nearly 13 per cent against the same period last year, reaching 55.17Mt. The Ministry of Const...

Vietnam cement industry exports 14Mt

13 December 2013, Published under Cement News

Vietnam's cement exports are expected to reach nearly 14Mt in 2013, the highest level ever exported. According to the Industry and Trade newspaper, in the first 11 months of this year the country exported 12.5Mt of cement, a YoY rise of nearly 65 per cent. Southeast Asia and the Middle East are the two main markets for Vietnam's cement, while Malaysia and Indonesia are the nation's largest importers of cement in the southeast Asian region. Meanwhile, the country's domestic consumption of...

Vietnam: Jan-Nov cement sales increase

03 December 2013, Published under Cement News

Vietnam has reported a double-digit rise in sales over the first 11 months of the year, with exports up 63 per cent YoY. A total of 55.2Mt of cement was sold over Jan-Nov 2013, up 13 per cent from a year earlier, Le Van Toi, director of the Building Material Department, said. The volume included 12.5Mt of cement and clinker exports. The main export destinations were the Middle East, Africa, as well as some other Southeast Asian markets. Cement prices remained unchanged since the Sept...

Vietnam's November output climbs

29 November 2013, Published under Cement News

Vietnam produced 5.5Mt of cement in November, up 17 per cent from the month before and a rise of 9.7 per cent YoY, the government's General Statistics Office said. The office also revised down the country’s cement output in October to 4.7Mt from the earlier estimated figure of 5.2Mt. In the first 11 months of this year, companies in Vietnam are estimated to produce 51.5Mt of cement, up 4.7 per cent from a year earlier.

Vietnam: Vinaconex on target with restructuring

20 November 2013, Published under Cement News

Vietnam Construction and Import-Export JSC (Vinaconex) claims to have met its restructuring targets after successfully addressing shortcomings in the firm's assets, capital sources and operations. Lowering investments into non-core businesses and reducing its debts has enabled Vinaconex to fulfil its asset restructuring, capital and operational targets to foster its core construction business. The Vietnamese construction company confirmed it would focus on core business areas and resolve o...

Viettel Group acquires 70% stake in Vietnamese producer

13 November 2013, Published under Cement News

Military-run Viettel Group has acquired a 70 per cent stake of Vietnamese cement producer Cam Pha Cement for VND140bn ($6.64m). The 139.8m shares were purchased from Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) at around VND1,000 each, the current book value of the cement firm, the Thoi Bao Kinh Te Sai Gon newspaper reported. Viettel, which holds a 21.3 per cent stake in Vinaconex, will pay Cam Pha Cement’s debts and help the latter restore its manufacturin...