Cement News tagged under: Vietnam

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Hoang Mai Cement to invest in new line, Vietnam

05 April 2012, Published under Cement News

Shareholders of Vicem’s Hoang Mai Cement Joint Stock Co have agreed invest VND102.7bn in projects this year. Local press report that the company plans to spend VND67bn in building a new production line in Hoang Mai 2 cement plant with designed capacity of 4.5Mta. In 2012, the company has set targets to reach total revenue of VND1.645trn, pre-tax profit of VND163bn, increasing by 11.4 per cent and 7.8 per cent respectively against 2011.

Vietnam quarterly production seen declining

30 March 2012, Published under Cement News

Vietnam cement manufacturers are estimated to have produced 12.1Mt of cement in the first quarter of this year, down 10.7% from a year earlier. In March alone, the Southeast Asian nation is likely to have produced 5.3Mt of cement, down 1.4% YoY, the government’s General Statistics Office (GSo)  said on a monthly report released late Thursday. The GSO has also revised down the country’s cement production in Jan-Feb period to 6.8Mt from earlier estimated figure of 7Mt. Vietnam’s cemen...

Vicem sales domestic sales fall, exports rise Vietman

20 March 2012, Published under Cement News

Vietnam Cement Industry Corporation (Vicem) sold 2.11Mt of cement and clinker in the first two months of this year, falling 12.2 per cent from a year earlier, the corporation said on its website. Vietnam News Brief Service reports that of the total, 1.88Mt of cement and clinker were sold in the domestic market, down 19.8% per cent YoY while the remaining was exported, up 326 per cent. The corporation produced 3.8Mt of cement and clinker in Jan-Feb period, comprising 2.21Mt of clinker, down...

Siam Cement steps up ASEAN investments

12 March 2012, Published under Cement News

Siam Cement Group (SCG), Thailand's largest industrial conglomerate by revenue, is stepping up its plans to build on its cement and building materials activities in Southeast Asia as it eyes new regional investments and acquisitions in the markets of Indonesia, Vietnam and Myanmar. Earlier this week, the company announced plans to construct a 5000tpd cement plant in Indonesia as the manufacturer looks to penetrate the market further. With an investment of US$300m, the cement works will be ...

Vietnam Jan-Feb production down 14%

29 February 2012, Published under Cement News

Cement production in Vietnam is estimated to have reached 7Mt in the first two months of this year, down 14 per cent YoY, data from the government’s General Statistics Office (GSO) said in a monthly report released today. In February alone, however, production is expected to have reached 4.1Mt, up 20.7 per cent from the same month of last year. However, the GSO revised down the country’s cement production from an estimated figure of 4.2Mt to 2.9Mt. For full year 2012, output is fore...

Vietnam Ministry toughens stance on cement projects

17 February 2012, Published under Cement News

Vietnam’s Ministry of Construction is to temporarily delay work on several approved cement projects, Le Van Toi, the director of the ministry’s Construction Materials Department. Projects must follow the cement industry development strategy 2011-20, ratified by the Prime Minister last year, and must also be agreed upon by the ministry’s managerial body. Toi said the ministry had recently sent directives to the People's committees of cities and provinces nationwide to prevent the authorit...

Vietnam new plants to add pressure to existing surplus

30 January 2012, Published under Cement News

Despite the Vietnam cement sector witnessing an over-supply scenario, this year the country is set to see a further 7Mta of new capacity from government-approved projects enter the market. Local press quoted the chairman of the Vietnam Cement Association (VNCA), Nguyen Van Thien, as saying that seven or eight new projects may come on-stream this year if project deadlines are met. These projects all belong to the cement industry development plan approved by the government, Thein told Tuoi ...

Siam Cement closing in on Vietnam acquisition

26 January 2012, Published under Cement News

Thailand’s Siam Cement said on Wednesday it was interested in buying a stake in a Vietnam cement maker and expects to spend less than THB10bn (US$315m) on the acquisition, Reuters reports. Siam Cement, which has recently  noted that it is seeking acquisition opportunities in Southeast Asia, expects to conclude details about the deal in the second half of this year, according to Chief Executive Kan Trakulhoon. Earlier this week the company also said it is looking at opportunities in Myanm...

Hoang Mai Cement 2011 pretax profit, Vietnam

20 January 2012, Published under Cement News

Hoang Mai Cement posted a pretax profit of VND151bn (US$7.19m) last year with revenues of VND1.47Mt. The company, listed on the Hanoi Stock Exchange, targets a pretax profit of VND179bn on revenues of VND1.6trn for this year, Vietnam News Brief Service reports.

Can Tho Mineral and Cement signs export deal

17 January 2012, Published under Cement News

A new export deal has been signed by Vietnamese cement producer, Can Tho Mineral and Cement JSC and a Chinese partner for 24,000t to be delivered to Cambodia. Can Tho’s Chairman and CEO, Thai Minh Thuyet was quoted by Vietnam press as saying that the contract will help the company deal with a downturn in the domestic market. The first shipment of 6000t will be delivered by the end of January.