Cement News tagged under: Vietnam
Vietnam Ministry toughens stance on cement projects17 February 2012, Published under Cement NewsVietnam’s Ministry of Construction is to temporarily delay work on several approved cement projects, Le Van Toi, the director of the ministry’s Construction Materials Department. Projects must follow the cement industry development strategy 2011-20, ratified by the Prime Minister last year, and must also be agreed upon by the ministry’s managerial body. Toi said the ministry had recently sent directives to the People's committees of cities and provinces nationwide to prevent the authorit... |
Vietnam new plants to add pressure to existing surplus30 January 2012, Published under Cement NewsDespite the Vietnam cement sector witnessing an over-supply scenario, this year the country is set to see a further 7Mta of new capacity from government-approved projects enter the market. Local press quoted the chairman of the Vietnam Cement Association (VNCA), Nguyen Van Thien, as saying that seven or eight new projects may come on-stream this year if project deadlines are met. These projects all belong to the cement industry development plan approved by the government, Thein told Tuoi ... |
Siam Cement closing in on Vietnam acquisition26 January 2012, Published under Cement NewsThailand’s Siam Cement said on Wednesday it was interested in buying a stake in a Vietnam cement maker and expects to spend less than THB10bn (US$315m) on the acquisition, Reuters reports. Siam Cement, which has recently noted that it is seeking acquisition opportunities in Southeast Asia, expects to conclude details about the deal in the second half of this year, according to Chief Executive Kan Trakulhoon. Earlier this week the company also said it is looking at opportunities in Myanm... |
Hoang Mai Cement 2011 pretax profit, Vietnam20 January 2012, Published under Cement NewsHoang Mai Cement posted a pretax profit of VND151bn (US$7.19m) last year with revenues of VND1.47Mt. The company, listed on the Hanoi Stock Exchange, targets a pretax profit of VND179bn on revenues of VND1.6trn for this year, Vietnam News Brief Service reports. |
Can Tho Mineral and Cement signs export deal17 January 2012, Published under Cement NewsA new export deal has been signed by Vietnamese cement producer, Can Tho Mineral and Cement JSC and a Chinese partner for 24,000t to be delivered to Cambodia. Can Tho’s Chairman and CEO, Thai Minh Thuyet was quoted by Vietnam press as saying that the contract will help the company deal with a downturn in the domestic market. The first shipment of 6000t will be delivered by the end of January. |