Cement News tagged under: Vietnam
Semen Gresik seals Vietnam deal20 December 2012, Published under Cement NewsIndonesia’s leading cement producer PT Semen Gresik has signed deal worth US$157m with Hanoi General Export-Import JSC (Geleximco) on 18 December to acquire 70 per cent stake in Thang Long Cement JSC. Under the agreement, first reported in mid-November, Semen Gresik will become a strategic shareholder of Thang Long Cement JSC, a joint venture between the state-run Vietnam Machinery Installation Group (Lilama) and Geleximco, local press reported on Wednesday. Thang Long Cement has a cem... |
Vietnam Jan-Nov 2012 production declines30 November 2012, Published under Cement NewsVietnam produced 51.3Mt of cement in the first 11 months of this year, down 5.4 per cent from a year earlier, the General Statistics Office said. The country’s cement output in November is estimated to have increased by nine per cent YoY to 5.3Mt, the government-run office said in a monthly report released Monday. The office revised the country’s cement production in the first 10 months to 46Mt from the earlier estimate of 46.5Mt. In the first 10 months, Vietnam had around 2.6Mt of ... |
Gresik sees output rising 18% next year, Indonesia29 November 2012, Published under Cement NewsIndonesia’s leading cement producer PT Semen Gresik expects cement production to increase by 18 per cent next year, however, it has hinted that domestic sales growth could slow next year compared to the robust figures expected in 2012. The company’s president director Dwi Soetjipto said the company’s production growth could rise to 26Mt in 2013 from output of about 22Mt in 2012. In the first 10 months of 2012, the Gresik group sold 18.13Mt, an increase of 13.6 per cent compared to 15.... |
Lucky’s US$160m Vietnam investment short on raw materials26 November 2012, Published under Cement NewsChen Liang-chuan, the founder of the Taiwan-based Lucky Cement Corp, may see his US$160m into He Duong Cement Co, Nin Binh, Vietnam in 2008 evaporate as the project has found itself suddenly without adequate raw material sources, according to Venews. Chen Liang-chuan was awarded by the local government the right to mine a 72ha limestone field for 49 years. The project was approved by Nguyen and related ministries. However, just as the plant’s two new 4Mta production lines were about to st... |
Vietnam cement stocks rise to 4Mt in Jan-Oct19 November 2012, Published under Cement NewsVietnam’s cement inventory rose by 51.3% YoY to 4Mt in the first 10 months of 2012, including 1.4Mt of Vietnam Cement Industry Corporation (Vicem), according to the country’s Ministry of Industry and Trade. The economic slowdown and the government’s policies to cut public investment were the main reasons for the huge inventory, said Tran Van Huynh, chairman of the Vietnam Building Material Association, part of the Ministry of Construction. In addition, the stagnant real estate market has ... |
South Africa: Vietnam cement imports investigated15 November 2012, Published under Cement NewsThe National Regulator for Compulsory Specifications (NRCS) has confiscated some sub-standard cement imported into South Africa from Vietnam and is investigating complaints lodged about the quality of two other imported brands. Daniel Ramarumo, a NRCS spokesman, confirmed yesterday that it had received complaints from NPC-Cimpor about Vietnamese cement, which was “later confiscated by the regulator” on 23 August. This incident follows the NRCS's admission on 7 August that some 50kg bags ... |
Semen Gresik to acquire Vietnam’s Thang Long Cement14 November 2012, Published under Cement NewsIndonesian cement producer PT Semen Gresik Tbk plans to acquire a majority stake in Vietnam-based Thang Long Cement JSC, according to Investor Daily. Thang Long operates a 2.3Mta works in Quang Ninh province. Surplus output from the works is earmarked for export to Myanmar, Bangladesh and several African countries. Semen Gresik’s president director Dwi Soetjipto declined to disclose the value of the deal but said the acquisition was funded with the company’s cash resources. However, th... |
Yen Bai Cement nine month loss, Vietnam12 November 2012, Published under Cement NewsYen Bai Cement and Minerals JSC said it made a loss of VND15.44bn (US$742,300) in the first nine months of this year, compared to a loss of VND8.63bn in the same period of last year. Revenues rose 3.07 per cent on year to VND246.45bn in Jan-Sept, YBC said in its quarterly financial report. In 3Q, YBC suffered a loss of VND1.85bn on revenues of VND84.66bn, versus VND5.94bn and VND84.36bn in the 3Q11, respectively. |
Siam Cement plans to expand Vietnam operations08 November 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) will invest US$2m to expand its Vietnam operations next year with a total capacity of 100,000tpa. Pramote Techasupatkul, President of SCG Cement, told local press that now is not the right time to build a new cement plant in the country due to the cement surplus issues it is currently facing: “However, we have still drawn up the plan to expand the production of high-quality white and grey cement in Vietnam in the near future,” he said. SCG Cement in March... |
Vicem But Son Cement posts nine month loss07 November 2012, Published under Cement NewsVietnam cement producer Vicem But Son Cement JSC said it made a loss of VND65.78bn (US$3.16m) in the first nine months of this year, compared to a net profit of VND6.99bn in the same period last year. Revenues rose 1.59 per cent YoY to VND1.92trn in Jan-Sept, BTS said in its quarterly financial report. In the third quarter alone, the company suffered a loss of VND68.91bn on revenues of VND581.53bn, versus a net profit of VND3.89bn on revenues of VND685.1bn in the 3Q11. The company had tot... |