Cement News tagged under: Vietnam

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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...

Thang Long Cement launches new product, Vietnam

16 August 2013, Published under Cement News

Thang Long Cement has launched a new cement product onto the market for large-scale construction projects, folllowing R&D carried out under the supervision of holding company, Semen Indonesia. The PC50 type cement, produced at the company’s Quang Ninh Factory, is designed for buildings with high specifications, or special concrete used for large projects such as bridges, roads, hydroelectric projects, construction of reinforced concrete and concrete construction with high compressive streng...

Two Vietnam plant licences revoked

08 August 2013, Published under Cement News

Cement plant licences for two projects being set up in the central Vietnam province of Nghe An have been revoked due to slow implementations. The two projects are the 5Mta Tan Ky cement plant in Tan Ky district, and the 0.43Mta Hop Son works in Anh Son district, the Thoi Bao Kinh Te Vietnam newspaper reported. The Tan Ky cement plant, a project by Kinh Bac City Development Share Holding Corp, started construction more than two years ago, on 19 May 2010.

Vinaconex to sell majority stake in Cam Pha Cement

01 August 2013, Published under Cement News

Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) is in talks to sell its 70 per cent stake in Cam Pha Cement. According to reports by Vietnam News Brief Service, the shares are to be sold to an overseas investor at below the par value of VND10,000/share but no lower than Cam Pha’s book value. Two foreign parties are said to be interested and are expected to put inject cash to restructure the cement producer’s debts. The deal is expected to be concluded this year. ...

Vietnam Jan-July 2013 output rises

30 July 2013, Published under Cement News

Vietnam produced 32.5Mt of cement in the first seven months of this year, up 5.9 per cent from a year earlier, data from the country's General Statistics Office (GSO) has showed. During July alone, output rose by 14.3 per cent from the same month of last year to 5.1Mt, the government-run office's monthly report revealed. The GSO has revised down the country’s cement output in the first six months of this year to 27.4Mt from a previous estimate of 28.1Mt.

Hai Van Cement to issue shares to finance acquisition, Vietnam

26 July 2013, Published under Cement News

Hai Van Cement JSC is to issue 21.46m shares in a move acquire Ang Son II Co the from Thang Loi Group Co. The volume will be sold to existing shareholders at VND10,000/shares at a 116-at-100 ratio, company said in a statement sent to the bourse. The proceeds, estimated at VND214.6bn (US$10.12m). Net profit jumps Hai Van Cement recently reported that it posted a net profit of VND10bn in the second quarter of 2013, up 279 per cent from a year ago. Revenues reached VND223.5bn in the th...

Thai Binh Cement swings second quarter to net loss, Vietnam

23 July 2013, Published under Cement News

Thai Binh Cement JSC swung to a net loss of VND1.5bn (US$70,740) in the second quarter of 2013 from a net profit of VND246m a year ago. The company generated revenue of VND16.5bn in 2Q13 compared to VND18.8bn over the same quarter of 2012. For the first six months to the end of June 2013, TBX reported VND300m net loss on VND33bn revenue, compared to VND1bn net profit and VND37.3bn a year ago, respectively.

Can Tho Mineral & Cement to delist from HNX

19 July 2013, Published under Cement News

Can Tho Mineral & Cement JSC (CCM), has approved a plan to delist 4.6m shares from the Hanoi Stock Exchange (HNX). The decision was made due to the company’s difficulties in operation and the low liquidity of its shares, CCM said in a statement sent to the bourse, Vietnam News Brief Service reported. This year, CCM targets a net profit of VND10bn (US$471,600) and a dividend payout of 15 per cent of par value.

Vietnam first-half sales update

11 July 2013, Published under Cement News

For the first six months of the year, Vietnam sales were 22.68Mt, according to latest data from the Ministry of Construction (MoC). The amount represents 46.8 per cent of the full-year target, the MoC added. Output stood at 24.7Mt, making up 44.1 per cent of its whole year target. In June, Vietnam’s cement output stood at 4.3Mt, down 14.51 per cent from May. The country’s domestic cement sales also plunged in the period due to the rainy season in the southern region. With overcapacit...

Vicem sales rise 17.3% in first half 2013

09 July 2013, Published under Cement News

Vietnam Cement Industry Corporation (Vicem) sold 11.69Mt of cement and clinker in the first six months of 2013, representing a YoY increase of 17.3 per cent and fulfilling 51.9 per cent of its whole-year target. The corporation, which is the largest cement producer in the Southeast Asian country, produced 8.3Mt of cement and 8.2Mt of clinker in the six month period, a rise of 11.8 and 14.6 per cent, respectively, the Ministry of Construction said in a statement. Revenue reached VND14.89trn...