Cement News tagged under: Vietnam

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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 ...

Vietnam four-month sales at 14.7Mt

10 May 2012, Published under Cement News

Vietnam’s cement sales stood at 14.7Mt in the first four months of this year, fulfilling 26.8% of the whole-year target, including 4.73Mt in April. The country also produced 14.85Mt of cement in Jan-Apr period, making up 27% of the whole-year target, including 4.81Mt in April, the Ministry of Construction said on its website late Wednesday. Meanwhile its cement exports stood at US$53.6m, fulfilling 23.8% of the full-year target, including US$8.7m in April. Vietnam’s cement consumptio...

Vietnam likely to produce 17.8Mt of cement in Jan-Apr

26 April 2012, Published under Cement News

Cement producers in Vietnam are estimated to have made 17.8Mt of cement in the first four months of this year, down 6.6% from a year earlier. In April, the country is likely to have produced 5.7Mt of cement, up 2.7% YoY, the government’s General Statistics Office said on a monthly report released late Wednesday. In 2011, Vietnam produced and sold 49.3Mt of cement. The country also imported 1.15Mt of clinker and exported 5.5Mt of cement and clinker during the period, the Ministry of Cons...

Vicem sells 4.04Mt of cement, clinker in first quarter 2012

17 April 2012, Published under Cement News

Vietnam Cement Industry Corporation (Vicem) sold 4.04Mt of cement and clinker in the first quarter of this year, falling 14 per cent from a year earlier and fulfilling 91 per cent of its full-year target, the corporation said on its website. A total of 3.72Mt were sold in the domestic market, down 17 per cent YoY and fullfilling 89 per cent of the corporation’s plan and 325,000t were exported, soaring 33 per cent YoY and surpassing 24 per cent of the corporation's annual plan. In March...

Vietnam first-quarter cement consumption at 9.57Mt

13 April 2012, Published under Cement News

Vietnam’s cement sales stood at 9.57Mt in the first quarter of this year, meeting 17.4 per cent of the whole-year plan, due to the implementation of several projects in March that lead to the strong demand, the Ministry of Construction said. Cement production was 9.98Mt in the period, making up 18.1% of the full-year target, including 4.85Mt in March, the ministry said on its website. Vietnam’s cement consumption is forecast to reach between 55Mt and 56.5Mt this year, rising 11% and 12%...

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...