Cement News tagged under: Vietnam

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Vietnamese exports expected to rise 43% in September

27 September 2018, Published under Cement News

The Vietnamese Ministry of Construction (MoC) has estimated that the country’s cement exports will rise 43 per cent YoY to 2.2Mt in September. The country’s exports from Jan-Sept 2018 are estimated to have reached 23.28Mt, already surpassing the full-year target set by the MoC of 18-19Mt. The country’s cement producers have recorded a cement sales volume of 72.82Mt for the year-to-date period, an increase of 38 per cent YoY, reaching 85 per cent of the full-year target. Domestic consumptio...

La Hien Cement records 20% revenue increase

26 September 2018, Published under Cement News

Vietnam’s La Hien Cement JSC has announced a 20 per cent YoY increase in revenue to VND334.1bn (US$14.31m) for the first half of 2018. Furthermore, profit-after-tax surged 17 per cent to VND13.7bn in the 1H18. Meanwhile, financial expenses fell 52.5 per cent to VND5.9bn from VND9bn recorded in the year-ago period.

Vietnam cement demand up 14% YoY in August

25 September 2018, Published under Cement News

Vietnamese cement demand rose 14 per cent YoY to 5.44Mt in August 2018, according to the Vietnam National Cement Association (VNCA). Of this total, northern provinces accounted for 39.2 per cent or 2.13Mt of total domestic consumption while off-take in central Vietnam reached 1.42Mt or 26.2 per cent. In the south deliveries reached 1.88Mt or 34.6 per cent of the country’s demand. Total production reached 8.43Mt, representing an increase of 37 per cent when compared with August 2017. In a...

Tan Thang Cement awards ABB with automation contract

18 September 2018, Published under Cement News

Switzerland-based ABB has recently won an order to supply additional integrated digital automation and electrical equipment for Tan Thang Cement JSC’s greenfield plant project in Nghe An, Vietnam. This is a follow-up order from the initial delivery of the same from the company, which is currently under construction. The new order includes a 110kV AIS substation with a supervisory control and data acquisition (SCADA) system, telecommunications, and high-voltage primary and secondary equipme...

Vietnamese prices could rise in September

13 September 2018, Published under Cement News

Vietnamese cement producers may increase prices this month as a result of the increased demand seen in the construction season, according to the Department of Price Management under the Vietnamese Ministry of Finance. However, the prices of popular cement products, such as PCB30 and PCB40, remained stable in August. Vicem affiliates are currently supplying the two types of cement at a price range between VND1-1.47m/t (US$42.9-63/t), depending on the product and specific producer.

Vicem sees Jan-Aug sales up 12% YoY

12 September 2018, Published under Cement News

State-owned Vietnam Cement Industry Corp (Vicem) reported cement and clinker sales of 18.88Mt in the first eight months of this year. This represents an increase of 11.5 per cent when compared with 8M17. Clinker production from the company’s cement plants also increased by six per cent to 13.43Mt while in terms of cement, output rose 6.3 per cent to 15.24Mt. In August alone, clinker and cement sales were up 28.3 per cent YoY to 2.57Mt, of which 2.06Mt was exported. Clinker output increas...

ThaiGroup receives land for Minh Tam plant construction

30 August 2018, Published under Cement News

The People’s Committee in Binh Phuoc, Vietnam, has decided to hand over 430,612m 2 of land to ThaiGroup JSC for the construction of the Minh Tam cement plant. ThaiGroup initiated the project in early-2017 by acquiring it from Mien Dong JSC, which was facing financial difficulties. The plant represents a total investment of VND12trn (US$515m) and is expected to eventually operate at a cement capacity of 4.5Mta. Construction is anticipated to be completed within two years. Meanwhile, the f...

Vietnam exports continue to soar to record levels

28 August 2018, Published under Cement News

Vietnamese exports of cement and clinker soared to 2.251Mt in July 2018, up 61 per cent YoY. Clinker exports reached 1.669Mt in the period, increasing 72 per cent YoY, with higher volumes largely driven by Chinese demand.   Total domestic cement consumption maintained its upward trend and reached 5.135Mt in July, advancing seven per cent compared to the year-ago period, according to the Vietnam National Cement Association (VNCA).   Sales by VICEM group companies amounted to 1.671Mt in July, ...

New Vietnamese project receives support

24 August 2018, Published under Cement News

Vietnam's Ministry of Construction has agreed with Cong Thanh Group's proposal to invest in a second grinding unit in Thanh Hoa province. According to the government's plan for the country's cement industry in 2011-20 with a vision to 2030, new cement projects must be developed alongside the same clinker capacity. The company commissioned a 11,000tpd (3.6Mta) kiln and 1.5Mta grinding station in 2015. Therefore, an additional 2Mta grinding unit is in line with the government's plans, accord...

Vietnam sees 63% advance in exports in 7M18

16 August 2018, Published under Cement News

Vietnam’s cement and clinker exports surged 63.2 per cent to 17.65Mt and 73 per cent to US$656.3m in the first seven months of 2018, according to the country’s General Department of Customs. Around 26.9 per cent of exports were shipped to Bangladesh, Vietnam’s largest cement and clinker export market. In terms of volume, deliveries rose by 4.9 per cent to 4.75Mt while the export value increased by 15.8 per cent to US$152.8m YoY. The average price of exports was US$32.2/t. Volumes to C...