Cement News tagged under: Vietnam
Siam Cement on Vietnam acquisition trail05 November 2012, Published under Cement NewsSiam Cement PCL is looking for an opportunity to acquire a cement business in Vietnam, Chief Executive Kan Trakulhoon according to Dow Jones reports. Cement companies in Vietnam are currently struggling with excess supply and this provides an opportunity for Siam Cement to seek a potential acquisition there, Mr Kan told reporters on the sidelines of a symposium. |
Vicem Hoang Mai Cement revises down 2012 profit05 November 2012, Published under Cement NewsVicem Hoang Mai Cement JSC (HOM), listed on the Hanoi Stock Exchange, said it made an estimated pretax profit of VND66bn (US$3.17m) in the first 10 months of this year, according to Chief Accountant Tran Minh Son said. HOM did not give revenue figures in Jan-Sept, the Dau tu Chung khoan newspaper reported. High prices of input materials were blamed for the company’s profit fall, Son said. The company plans to revise down its 2012 profit target. In Jan-Sept, HOM made a net profit of VND54.5... |
Vietnam producer 3Q net profit falls26 October 2012, Published under Cement NewsThai Binh Cement JSC reported a net profit of VND81m (US$3.9m) in the third quarter of 2012 compared to VND1bn a year ago due to a rise in input costs and lower demand, the company said. Revenue for the July-September 2012 period was VND23.6bn compared to VND24.2bn in the same quarter of last year. In the first nine months of this year, the company saw 65 per cent net profit drop to VND1.1bn from VND3.1bn over the same period of last year. |
Vicem cement and clinker sales up 4.5%, Vietnam16 October 2012, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) sold 14.44Mt of cement and clinker in the first nine months of this year, up 4.5 per cent from a year earlier. Of this total, 13.73Mt were sold in the domestic market, representing a rise of six per cent YoY, while 717,000t were exported, which was a fall of 18 per cent on year, the corporation said on its website. Vicem produced 10.97Mt of clinker in the first nine months of this year, up two per cent YoY. The corporation’s cement production,... |
Vietnam cement sales drop 3.38% Jan-August 201221 September 2012, Published under Cement NewsCement sales in Vietnam for the first eight months of 2012 fell 3.38 per cent to 30.58Mt, against the same period of last year and fulfilling 55.6 per cent of the full-year target, the country’s Ministry of Construction said. On a MoM basis, cement sales were down 12.14 per cent from July 2012 to 3.62Mt in August. Cement consumption is forecast to reach between 55-56.5Mt this year, rising 11-12 per cent YoY, the ministry said. Cement output also fell 1.47 per cent in the eight month... |
Vietnam production declines 2% YoY18 September 2012, Published under Cement NewsVietnam produced 31.59Mt of cement in the first eight months of this year, down two per cent from a year earlier, the Vietnam National Cement Association (VNCA) said. In August, the country’s cement output decreased 12 per cent from July to 3.77Mt. By the end of August, the country had an inventory of 630,000t of cement and 2.12Mt of clinker due to the stagnant real estate market. Cement sales fell eight per cent YoY between January and August though local firms have reduced their cement ... |
Can Tho Mineral & Cement 1H12 net profit falls, Vietnam13 September 2012, Published under Cement NewsCan Tho Mineral & Cement JSC (CCM), listed on the Hanoi Stock Exchange, said it made a consolidated net profit of VND5.67bn (US$272,000) in the first six months of this year, down from 18.18 per cent from a year earlier. Vietnam News Brief Service reports that the cement producer's revenues decreased 17.7 per cent YoY to VND102.44bn, CCM said in its consolidated quarterly financial report. Financial, sale and management costs dwindled 33.78 per cent, 53.85 per cent, and 14.03 per cent... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |
Vinacomin to sell coal to Vicem affiliate, Vietnam31 August 2012, Published under Cement NewsState-owned miner Vinacomin will sell 130,000t of coal to VICEM Materials Transport Cement Joint Stock Company, an affiliate of Vietnam Cement Industry Corporation (Vicem). The figure will include 55,000t of 3CHG coal dust, 45,000t of 4aHG, 15,000 tons of 4bHG and 15,000t of 5aHG. This is a part in a purchasing contract between Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), the country’s biggest miner, and state-owed Vicem. Vinacomin is expected to deliv... |
Vietnam Jan-Aug production falls YoY29 August 2012, Published under Cement NewsVietnam is estimated to have produced 36.9Mt of cement in the first eight months of this year, a fall of 5.7 per cent from the same period of last year, according to the General Statistics Office (GSO). Cement output in August is likely to have increased by 14.29 per cent from July to 5.5Mt, the government office said in a report released on Monday. The GSO has revised down its cement output figures for the first seven months of 2012 to 31.4Mt from the previously-estimated 32Mt. Las... |