Cement News tagged under: Vietnam

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Semen Indonesia to begin Myanmar construction next year

26 March 2013, Published under Cement News

PT Semen Indonesia is set to start construction of a new plant in Myanmar next year as part of the country's regional expansion drive. Citing the company’s president director Dwi Soetjipto, the Jakarta Post reported that operations at the 1Mta would begin in 2017. The plant would mainly serve the growing market of Myanmar which is modernising its economy after decades of military rule. Domestic cement consumption, which in 2012 is expected to have increased by 16.7 per cent to 7Mt, is ...

Calls for a review of Vietnam's cement industry master plan

20 March 2013, Published under Cement News

Vietnam’s Building Materials Association has used the Ministry of Construction (MoC) to adjust the master plan for the cement industry for the 2011-20 period and has suggested a series of measures to ease the current surplus situation. The move follows a rising inventory following increases in capacity and lower domestic demand. Current inventory is estimated to reach 25Mt by 2015 and 40Mt by 2020. The association has therefore proposed the government halt nine small cement projects and r...

Vicem Hoang Mai Cement seeks to raise 2013 pretax target, Vietnam

05 March 2013, Published under Cement News

Vicem Hoang Mai Cement JSC is seeking approval from its parent company Vietnam Cement Industry Corporation (Vicem) to revise its 2013 pretax target upwards by 4.65 per cent. The company hopes to raise its target to VND90bn (US$4.29m) from the initial VND86bn, its chief accountant, Tran Minh Son, told the Dau Tu Chung Khoan newspaper. Last year Hoang Mai Cement achieved a net profit of VND112.72bn (US$5.39m) on revenue of VND1.53trn last year, down 13 and up 8.07 per cent, respectively.

Vietnam Jan-Feb production rises 16%

01 March 2013, Published under Cement News

Vietnam is estimated to have produced 8.2Mt of cement in the first two months of this year, up 16 per cent from a year earlier, according to the government’s General Statistics Office (GSO) said. In February, the country’s cement output is likely to have fallen by 23.91 per cent from January and nine per cent from the same month of last year to 3.5Mt, the GSO said in a monthly report released late Tuesday. The office revised the country’s cement output in January to 4.6Mt from the earlier ...

Vietnam sees declines in MoM domestic and export sales

25 February 2013, Published under Cement News

Cement producers in Vietnam sold 3.6Mt to the domestic market in January, down 16.28 per cent from the month before due to a stagnant real estate market. The amount sold represents 7.4 per cent of the full-year target, Vietnam News Brief reported citing data from Vietnam’s Ministry of Construction (MoC). Exports also fell by 82.8 per cent MoM to 2.3Mt in January 2012, meeting 2.3 per cent of this year’s target. In 2012, the country’s cement and clinker sales were 53.61Mt, of which 4...

Industry: Vietnam Vicem sells 20.04Mt of cement and clinker in 2012

11 February 2013, Published under Cement News

Vietnam Cement Industry Corporation (Vicem), the leading cement producer in the country, sold 20.4Mt of cement and clinker in 2012, rising by 8.8 per cent from a year earlier and fulfilling 96.4 per cent of its full-year target. Of the sum, 19.24Mt of cement and clinker was sold in domestic market, up 11.9 per cent YoY, while 801,000t of cement and clinker was exported, down 35.9 per cent YoY. In 2012, Vicem produced 15.02Mt of clinker, up 3.8 per cent YoY, fulfilling 95.6 per cent of t...

Vietnam output reaches 47Mt in 2012

18 January 2013, Published under Cement News

Vietnam-based cement manufacturers produced more than 47Mt of cement in 2012, meeting 85.5 per cent of their full year target, according to an announcement by the Ministry of Construction (MoC) on its website. Total dispatches for the year were 53.61Mt, including domestic sales of 45.5Mt – down 7.1 per cent YoY. Cement and clinker exports, however, rose by 30 per cent to 8.1Mt. The MoC underlined the challenges faced by the local cement sector this year including a huge cement inventor...

Thach My secures new loan, Vietnam

15 January 2013, Published under Cement News

The Bank for Investment and Development of Vietnam (BIDV) is to provide a loan to Thach My for its new cement plant under construction in the central province of Quang Nam Local media report that the BIDV will loan nearly VND2trn (US$95.83m) to the plant which has a design capacity of 2Mta. The plant was identified as a key project of the Quang Nam province when it started construction in 2010. The new works is expected to be completed in June 2013.

Vicem net profit rises 36% YoY

11 January 2013, Published under Cement News

Vietnam Cement Industry Corporation (Vicem) said it made a net profit of VND660trn (US$31.62bn) in 2012, rising by 36 per cent from a year earlier, despite a fall in domestic demand and economic difficulties. The corporation sold more than 20Mt of cement in 2012, rising by nine per cent YoY and contributed VND1trn to  the state budget, up eight per cent YoY. Vicem has control over production levels at the majority of Vietnam’s cement plants, including many Joint-Stock Companies (JSC) a...

Vietnam 2012 sales fall 3.5% YoY

09 January 2013, Published under Cement News

Total cement sales in Vietnam (domestic plus exports) in 2012 fell 3.5 per cent YoY to 54Mt. A recent update by the Vietnam Cement Association (VNCA) shows domestic sales were down 7.71 per cent YoY to 45.5Mt during the year as a frozen real estate market hurt local demand. Cement and clinker exports, however, rose by 30 per cent to 8.5Mt. Vietnam’s cement sales are predicted to rise by 5-8 per cent YoY to 48-49Mt in 2013, equal to total sales of 2011. With the country currently fac...