Cement News tagged under: Vietnam

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Higher electricity costs to impact Vietnamese cement prices

26 March 2019, Published under Cement News

Vietnam Cement Industry Corp (VICEM) has announced that its electricity costs will increase by VND20bn (US$855,730) per month, and therefore product prices are also expected to rise. Local producers have stated that they will raise prices by VND30,000-50,000/t. On 20 March power prices went up by 8.4 per cent to VND1864, exclusive of VAT, after remaining unchanged for two years. A household which uses 520kWh a month will now pay an extra VND83,000, according to Vietnam News. Vietnam Elect...

Vietnamese exports rise 15% in February

12 March 2019, Published under Cement News

Vietnamese exports have risen 15.2 per cent in volume and 36.3 per cent in value for February 2019, rising to around 2.5Mt and US$105m, respectively. The average export price has increased 18.3 per cent YoY to US$42/t, according to the country’s Foreign Trade Agency. The three main export markets for Vietnamese cement were the Philippines, China and Bangladesh at 2.1Mt in February, accounting for more than 75 per cent of total exports. In the first two months of the year, exports were up 7....

Vietnam expected to record 8-9% cement sales increase

25 February 2019, Published under Cement News

Vietnam is expected to record an 8-9 per cent YoY rise in cement sales to 98-99Mt in 2019, according to a forecast by the country’s Ministry of Construction. Of this, domestic sales would consist of 70Mt while the additional 29-30Mt would be exports. Two more production lines are also expected to push cement output to 101.74Mt from a total of 84 lines. The country produced 90.2Mt of cement in 2018.

Vietnam estimated to produce 7.8Mt in January

01 February 2019, Published under Cement News

Vietnam’s General Statistics Office has estimated that the country produced 7.8Mt of cement in January 2019. This figure represents a 5.9 per cent YoY increase, but is down 1.6 per cent MoM. Revised figures for 2018 show that the country produced 90.2Mt in the full-year period, up 9.7 per cent YoY.

Safeguard measures placed against imports into Philippines

28 January 2019, Published under Cement News

The Philippine’s Department of Trade and Industry (DTI) has begun preliminary safeguard measures against cement imports from Vietnam amongst other countries. As such, the DTI applied duties of PHP8.40 (US$0.16)/40kg bag or PHP210/t (US$4/t). The safeguard measures will be in place for 200 days from 18 January 2019. Vietnam was the biggest importer of cement into the Philippines between 2014-17. In the first four months of 2018, cement imports from Vietnam accounted for 75.2 per cent of th...

Cement demand in Vietnam slips 1% YoY

24 January 2019, Published under Cement News

Total cement demand in Vietnam fell to 5.828Mt in December 2018, down by one per cent YoY, but up three per cent when compared with November 2018, according to the latest data by the Vietnam National Cement Association (VNCA). Of this total, VICEM Group companies accounted for 1.96Mt with an additional 1.618Mt sold by VICEM’s joint ventures, representing YoY changes in sales volumes of -4 and +3 per cent, respectively. Other cement producers sold 2.25Mt in December 2018, resulting in stabl...

Thanh Thang receives approval for two additional lines

11 January 2019, Published under Cement News

Nguyen Xuan Phuc, Vietnam’s prime minister, has given approval to add two cement production lines (4 and 5), with a capacity of 2.3Mta each, to Thanh Thang Cement Corp’s plant in Ha Nam. The fourth line is expected to enter operation after 2021 and the fifth after 2025. Both lines with produce cement for projects specifically located on the coast or islands. The country’s Ministry of Construction has been assigned to work with both the Ministry of Natural Resources and Environment and the...

VICEM targets further growth in 2019

08 January 2019, Published under Cement News

Vietnam Cement industry Corp (VICEM) has reported a 10 per cent YoY increase in revenue to VND37trn (US$1.59bn) for 2018. The company also saw an 11 per cent rise in pretax profit to VND2.8trn. VICEM expects to push this even further by reaching a revenue of VND40trn in 2019. According to Bùi Hồng Minh, general director of VICEM, pretax profit is expected to hit VND3.2trn in the year ahead. To achieve these goals, the company will produce and consume 31Mt of coal. It will also invest in ...

China accounts for 15% of Central American cement imports

07 January 2019, Published under Cement News

In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by two per cent from US$75.6m to US$77.1m in the 6M18 when compared with the year-ago period. Around 15...

Vietnam demand up 10% in 11M18

03 January 2019, Published under Cement News

Cement consumption in Vietnam remained largely stable in November 2018 when compared with the previous year at 5.675Mt, according to the Vietnam National Cement Association (VNCA). Of this total 1.955Mt was sold by the VICEM Group with an additional 1.62Mt through the company’s joint ventures. Other cement producers sold 2.1Mt in November, representing a four per cent YoY drop. MoM total domestic sales fell by four per cent with VICEM Group companies noting a six per cent drop and its joint ...