Cement News tagged under: Vietnam

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Ha Tien 1 Cement sees revenue down 14%

25 August 2020, Published under Cement News

Vietnam’s Ha Tien 1 Cement JSC has seen its net revenue decline 14.1 per cent YoY to VND2035bn (US$87.1m) in the second quarter of 2020. Gross profit posted a minor decline of 2.6 per cent YoY to VND419.8bn. The company recorded a pretax profit of VND257.5bn, falling nearly VND3bn compared to the 2Q19. In the first half of the year, net revenue was down 13.7 per cent YoY to VND3767bn while pretax profit edged upwards to VND397bn. As a result, the first half has met 44 per cent of the r...

Vietnamese export volumes rise 11% in the 7M20

18 August 2020, Published under Cement News

Vietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu (Investment). In the seven-month period, the major export markets included China, the Philippines and Bangladesh. Last year, the Ministry of Construction forecast that Vietnam would sell 101-103Mt of cement and clinker in 2020, rising 4-5 per cent YoY, which would include 32-31Mt of exports. However, the predic...

Vietnamese exports surge while domestic sales fall in June

11 August 2020, Published under Cement News

Cement sales in Vietnam fell by eight per cent in June 2020 when compared to June 2019, according to the Vietnam National Cement Association (VNCA). Shipments reached 5,215,388t, noting a similar MoM decrease from 5,680,883t in May 2020. Of this total, VICEM reported an eight per cent YoY decline to 1,693,426t while sales of its joint ventures were down 10 per cent YoY to 1,371,962t in June. Other cement companies saw their dispatches drop by six per cent to 2,150,000t. Exports surged 36...

SCG sees dip in Vietnam's revenue from sales

06 August 2020, Published under Cement News

Thailand’s Siam Cement Group (SCG) has seen its revenue from sales in Vietnam drop five per cent YoY to VND13.1trn (US$564.6m) in the first half of 2020, according to Vietnam News. The figure accounted for 8.8 per cent of SCG’s total revenue during the six-month period. In the 2Q20, its revenue from sales in the country reached VND7trn, equivalent to 40 per cent of the total revenue from ASEAN markets, excluding Thailand, compared to 30 per cent in 2019.

Vietnam cement and clinker exports rise 36% in July

31 July 2020, Published under Cement News

Vietnam has exported an estimated 3Mt of cement and clinker with a value of US$117m in July, according to the country’s General Statistics Office. This represents a rise of 35.5 per cent in volume and 30.2 per cent in value when compared with July 2019. In the first seven months of 2020 total cement and clinker exports stood at 19.46Mt, up 9.4 per cent YoY. Their value fell 3.4 per cent YoY to US$732m.

thyssenkrupp Industrial Solutions relocates Asia Pacific cement business HQ to Vietnam

17 July 2020, Published under Cement News

thyssenKrupp Industrial Solutions has moved is Asian-Pacific headquarters to Hanoi in Vietnam. The company has more than 80 employees in its Vietnam office with further regional offices in Singapore, Indonesia, the Philippines and Thailand. "Considering that Vietnam is the largest market in terms of cement production in our dynamic and growing Asia Pacific region," says Pablo Hofelich, CEO of thyssenKrupp's Cement Technologies. "I am convinced of the success of this strategic move to bundle...

Vietnam: increasing demand for sustainable technologies

23 June 2020, Published under Cement News

In terms of cement production, Vietnam is one of the fastest-growing countries in the world, thanks to robust domestic demand and its position amongst the world’s top cement exporters. However, this success has brought challenges and the industry is now pushing to reduce its environmental impact and optimise efficiency through the latest technology. Maxime Ramael, country head for Vietnam at FLSmidth, explains how the latest technology is supporting this endeavour. By FLSmidth, Vietnam. ...

Cement consumption in Vietnam slips 3% YoY in May

23 June 2020, Published under Cement News

Vietnamese cement demand fell by three per cent YoY to 5,680,883t in May 2020, according to the country’s cement association, VNCA. Sales by VICEM saw a two per cent decline to 1,975,476t while offtake from its associates decreased by eight per cent to 1,495,407t YoY. Other VNCA member companies saw a one per cent advance in sales to 2,210,000t in May 2020 when compared with 2,160,000t in May 2019. Exports increased by 23 per cent YoY in May to 3,138,827t, supported by a 65 per cent surge...

VICEM Ha Tien Cement submits targets for 2020

16 June 2020, Published under Cement News

Vietnam’s VICEM Ha Tien Cement reported a five per cent YoY rise in net revenue to VND8839bn (US$379.79m) and profit before tax of VND928bn (up 14 per cent YoY) in 2019. However, Dinh Quang Dung, company chairman, stated that the company is projected to face risks in the form of COVID-19 and other factors in 2020. Therefore, several targets have been submitted to shareholders for the current year, including a production of 7.33Mt (level with 2019), revenue of VND8584bn (down three per cent...

Southeast Asia’s capacity conundrum

09 June 2020, Published under Cement News

Southeast Asia’s vibrant cement industry faces a serious but not insurmountable challenge from the current COVID-19 pandemic. In the long-run, structural overcapacity will be the key force of change, as it exerts pressure on business models, forces consolidation and calls time on new capacity. Figure 1: ASEAN GDP growth rates, 2019A-2021F Southeast Asia, which in this article relates primarily to the 10 nations making up the Association of South East Asian Nations (ASEAN) includ...