Cement News tagged under: Vietnam
Ha Tien 1 lists 120m new shares on HOSE07 January 2014, Published under Cement NewsHa Tien 1 Cement JSC has received approval from the Ho Chi Minh City Stock Exchange (HOSE) to float 120m new shares on the bourse. The shares, earlier sold to Vietnam Cement Industry Corporation (Vicem) to reduce debt, will be listed on 8 January and tradable starting 22 December 2014. The additional share listing will help the company raise its total listed volume to 318m shares. (Source: Vietnam News Brief Service). |
Vietnam full-year output seen 4.7% higher30 December 2013, Published under Cement NewsVietnam is estimated to have produced 57Mt of cement in 2013, up from 4.7 per cent a year ago, the government's General Statistics Office (GSO) has said. During December, output is estimated to have increased by 7.54 per cent from the previous month, and nine per cent YoY to reach 5.5Mt, according to the latest GSO estimates. The office, however, revised down November output to 5.3Mt from a previously-estimated 5.5Mt. Cement sales are expected to have risen by 4-5 per cent this year t... |
Cement exports rise for Vietnam producers19 December 2013, Published under Cement NewsVietnam exported 12.45Mt of cement and clinker in the last 11 months or 2013, representing a YoY increase of almost 63 per cent. Tran Van Huynh, president of the Vietnam Construction Materials Association (VCMA), said the rise in exports was an attempt to clear surplus inventory because of low prices and similar situation in many countries. During the period, the country’s total cement sales rose nearly 13 per cent against the same period last year, reaching 55.17Mt. The Ministry of Const... |
Vietnam cement industry exports 14Mt13 December 2013, Published under Cement NewsVietnam's cement exports are expected to reach nearly 14Mt in 2013, the highest level ever exported. According to the Industry and Trade newspaper, in the first 11 months of this year the country exported 12.5Mt of cement, a YoY rise of nearly 65 per cent. Southeast Asia and the Middle East are the two main markets for Vietnam's cement, while Malaysia and Indonesia are the nation's largest importers of cement in the southeast Asian region. Meanwhile, the country's domestic consumption of... |
Vietnam: Jan-Nov cement sales increase03 December 2013, Published under Cement NewsVietnam has reported a double-digit rise in sales over the first 11 months of the year, with exports up 63 per cent YoY. A total of 55.2Mt of cement was sold over Jan-Nov 2013, up 13 per cent from a year earlier, Le Van Toi, director of the Building Material Department, said. The volume included 12.5Mt of cement and clinker exports. The main export destinations were the Middle East, Africa, as well as some other Southeast Asian markets. Cement prices remained unchanged since the Sept... |
Vietnam's November output climbs29 November 2013, Published under Cement NewsVietnam produced 5.5Mt of cement in November, up 17 per cent from the month before and a rise of 9.7 per cent YoY, the government's General Statistics Office said. The office also revised down the country’s cement output in October to 4.7Mt from the earlier estimated figure of 5.2Mt. In the first 11 months of this year, companies in Vietnam are estimated to produce 51.5Mt of cement, up 4.7 per cent from a year earlier. |
Vietnam: Vinaconex on target with restructuring20 November 2013, Published under Cement NewsVietnam Construction and Import-Export JSC (Vinaconex) claims to have met its restructuring targets after successfully addressing shortcomings in the firm's assets, capital sources and operations. Lowering investments into non-core businesses and reducing its debts has enabled Vinaconex to fulfil its asset restructuring, capital and operational targets to foster its core construction business. The Vietnamese construction company confirmed it would focus on core business areas and resolve o... |
Viettel Group acquires 70% stake in Vietnamese producer13 November 2013, Published under Cement NewsMilitary-run Viettel Group has acquired a 70 per cent stake of Vietnamese cement producer Cam Pha Cement for VND140bn ($6.64m). The 139.8m shares were purchased from Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) at around VND1,000 each, the current book value of the cement firm, the Thoi Bao Kinh Te Sai Gon newspaper reported. Viettel, which holds a 21.3 per cent stake in Vinaconex, will pay Cam Pha Cement’s debts and help the latter restore its manufacturin... |
Vietnam October output rises YoY29 October 2013, Published under Cement NewsVietnam produced 5.2Mt of cement in October, up 11 per cent from the month before and 13 per cent YoY, the General Statistics Office (GSO) said. The GSO also revised down the cement output in September to 4.7Mt from an earlier estimate of 5.2Mt. In the first 10 months of this year, companies in Vietnam are estimated to produce 46.4Mt of cement, up five per cent from a year earlier. The country’s cement sales are expected to rise by 4-5 YoY to 56Mt and 57Mt in 2013, including 48-49M... |
Vietnam expects price stability18 October 2013, Published under Cement NewsVietnam’s Ministry of Finance's Pricing Management Department expects cement prices to remain stable this month following September’s increase, local press reported. Some companies operating under the country’s largest cement producer, Vicem, raised prices by 5-9 per cent a month ago to VND1.3m-1.5m/t (US$61-71) in the north and VND1.6m-VND1.8m in the south. Vicem chairman attributed the hikes to higher production costs due to higher electricity prices. Cam Pha Cement Company, for exampl... |