Cement News tagged under: Vietnam

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Thang Long Cement sales reach 1.3Mt in 1H12

06 July 2012, Published under Cement News

Vietnam-based producer Thang Long Cement JSC sold almost 1.3Mt of clinker and cement in the first six months, Thanh Nien reports. The firm has exported over 5000t of cement to Cambodia this year.

Vietnam first-half output seen down

04 July 2012, Published under Cement News

Vietnam produced 27.3Mt of cement in the first half of this year, down 5.9 per cent from a year earlier, the government’s General Statistics Office (GSO) showed. During June, the country produced 5.5Mt, an increase of 15.8 per cent YoY, the GSO said in its monthly report. The office has also revised down the country’s output during the January-May period to 21.8Mt from a previously-estimated 22.5Mt. Last year Vietnam produced and sold 49.3Mt of cement. It imported 1.15Mt of clinker ...

Gresik sees regional expansion costing US$400m-500m

29 June 2012, Published under Cement News

Indonesia's largest cement producer, PT Semen Gresik, says its planned expansion into Vietnam and Myanmar can be realised by year-end. Semen Gresik president director Dwi Soetjipto said that expansion into the fellow ASEAN member nations would need US$400m to US$500m. “We will need about US$150m to set up a factory for Myanmar," Dwi said after the company¹s annual and extraordinary meeting of shareholders on Tuesday. According to him, Gresik has been assessing potential local partners ...

PT Semen Gresik plans Myanmar plant, considers Vietnam investment

27 June 2012, Published under Cement News

Indonesian state producer, PT Semen Gresik, is planning to build a cement plant in Myanmar and is also looking to acquire a Vietnamese company, according to chief executive Dwi Soetjipto. "We're studying a plan to set up a JV in Myanmar, with Gresik as the majority owner. The plant capacity may be between 1.5-2Mta," Dwi Soetjipto told reporters after a shareholders' meeting. Mr Soetjipto also noted that while Vietnam is currently experiencing overcapacity, Gresik is currently looking a...

Vietnam mineral firm buys 500,000 shares in YenBai Cement, Vietnam

18 June 2012, Published under Cement News

Alatca Mineral Process Exploit JSC has acquired 500,000 shares in YenBai Cement and Minerals JSC (YBC). Accordingly, Alatca has raised its holding in YenBai Cement to 10.34% from zero.

Minister denies cement crisis from Master Plan

13 June 2012, Published under Cement News

Vietnamese Construction Minister Trinh Dinh Dung has denied that the cement industry's master development plan (2011-20) is causing a crisis goes in line with market movements. Last year, Vietnam's cement consumption was reported to account for 89% or 55Mt of total output, Dung noted. “I confirm that there is no cement crisis caused by the development scheme as raised by some people.” The country’s current huge surplus is caused by the low consumption demand. The government’s Resolution...

Sadico Cantho net profit rises 51.87%, Vietnam

06 June 2012, Published under Cement News

Sadico Cantho Joint Stock Corporation (SDG) said it made a net profit of VND6.5bn (US$309,800) in Jan-March, an on-year growth of 51.87%. Revenues rose 19.5% on year to VND75.31bn, the company said in a quarterly financial report sent to the Hanoi Stock Exchange. In 2012, the cement firm targets a net profit of VND21.75 billion on revenues of VND247bn and a dividend payout equivalent to VND3,000/share. (Source: Vietnam News Brief Service)

Vietnam facing 6Mt surplus by year-end

01 June 2012, Published under Cement News

Vietnam is projected to face a surplus of 6Mt of cement this year, the Vietnam Cement Association (VNCA) said. Domestic output is expected to reach between 60-62Mt, outstripping forecasted full-year domestic sales of 47-48Mt and exports 7-8Mt forecasts, the association was quoted by the financial website CafeF as saying Tuesday. Do Duc Oanh, general secretary of the association, saying that the industry’s high inventory is its biggest challenge. It has resulted in producers cutting pri...

Mai Son cement plant put into operation, Vietnam

31 May 2012, Published under Cement News

Mai Son Cement Joint Stock Co has officially put its Mai Son cement plant into operation. The new cement plant is situated in Na Pat Hamlet, Na Bo Commune, Mai Son Dist, Son La province with design capacity of 2500tpd of clinker (1Mta of cement). The company said it will concentrate on producing three types of cement: PCB40, PCB30 and PC40.

Vietnam domestic production seen down 7.2%, Jan-May 2012

29 May 2012, Published under Cement News

Vietnam is estimated to have produced 22.5Mt of cement in the first five months of this year, down 7.2% from a year earlier, the government’s General Statistics Office (GSO) said in its monthly report. Production in the month of May is estimated to have reached 5.5Mt, up 5.5% YoY. The GSO has also revised down Vietnam’s cement output for the first four months of 2012 to 17.1Mt from a previously estimated 17.8Mt. In 2011, Vietnam produced and sold 49.3Mt of cement. The country also ...