Cement News tagged under: Vietnam

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SCG Vietnam reports 20% revenue increase in 1H18

31 July 2018, Published under Cement News

Siam Cement Group (SCG) Vietnam has announced a 20 per cent surge in revenue to VND14.53trn (US$631.74m) in the first half of the year. The 2Q18 saw the company record a 28 per cent YoY rise in revenue to VND8.46trn, on the back of a large contribution from the packaging business, according to Viet Nam News.

Vietnamese demand jumps to 5.8Mt in June

27 July 2018, Published under Cement News

Total cement consumption in Vietnam increased to 5.812Mt in June, representing a YoY rise of 126 per cent and a MoM fall of nine per cent, according to the Vietnam National Cement Assocation (VNCA). Of this total, the VICEM group supplied 1.82Mt, up 110 per cent YoY, while joint venture companies delivered 1.643Mt, an advance of 115 per cent. Other domestic cement producers saw their combined sales rise by 147 per cent to 2.35Mt. Exports from Vietnam in June saw a 174 per cent hike to...

Vietnam's Ministry of Construction opposes transfer of Quang Son to Vicem

24 July 2018, Published under Cement News

Vietnam’s Ministry of Construction has opposed the Ministry of Industry and Trade’s proposal to transfer the 1.5Mta Quang Son facility from Vinaincon to Vicem, both state-owned corporations, partially due to the plant’s losses and mounting loans, according to Viet Nam News. "Quang Son cement plant is located in an unfavorable position for transportation that leads to high production costs," said Luong Quang Khai, chairman of the board of members, Vicem. "In addition, the plant is suffe...

Long Thanh Cement receives approval for capacity upgrade

20 July 2018, Published under Cement News

The Vietnamese Ministry of Construction has approved Long Thanh Cement JSC’s plans to raise the capacity at its facility in Tan Tao, Ha Nam, from 0.91Mta to 2.3Mta. The Ministry also permitted the company to change the name of the unit to Long Thanh cement plant, according to Viet Nam News. The plant was constructed at an initial investment of VND1.3trn (US$56.52m) has a clinker capacity of 2500tpd.

Vietnamese authorities enforce environmental control

18 July 2018, Published under Cement News

Authorities in Quang Ngai province, Vietnam, have threatened to shut down a plant in Binh Dong Commune if its management does not improve air quality and dust emissions, according to Viet Nam News. The 0.5Mta facility began operations in 2012 and received upgrades in 2015 but is still reportedly affecting local villagers. The provincial chairman, Tran Ngoc Cang, said the province wanted to relocate 427 households living near the plant, but needed VND989bn (US$44m) for the plans. The provinc...

Vicem reports 10% sales increase in 1H18

18 July 2018, Published under Cement News

Vietnam’s Vicem has reported a 10.1 per cent YoY increase in cement and clinker sales for 1H18, with the total 14.7Mt including 11.74Mt of exports. Additionally, the company’s cement and clinker output rose 8.5 per cent and 6.4 per cent to 10.15Mt and 11.56Mt, respectively. It aims to produce a further 5.08Mt of clinker and 6.28Mt of cement in the 3Q18, up 24.7 per cent and 1.4 per cent, respectively, according to the company’s statement. Vicem has targeted over VND37trn (US$1.61bn) of...

Former Vicem general director dismissed from executive comittees

12 July 2018, Published under Cement News

Tran Viet Thang, former general director of the Vietnam Cement Industry Corporation (Vicem), has been dismissed as member of the Executive Committee of the Central Businesses’s Party Unit and member of the Executive Committee of Vicem's Party unit. Thang has been found guilty of several legal violations as well as breaking Party rules. Tran Viet Thang took control of Vicem, the country's leading cement producer, in September 2013, but the state-owned company had built up VND4trn (US$175.2m)...

Vietnamese consumption rises 30% YoY in June

05 July 2018, Published under Cement News

Vietnamese cement consumption has increased 30 per cent YoY to 8.71Mt in June, according to the Construction Materials Department of the Ministry of Construction. Approximately 6.91Mt was sold domestically (up 29 percent YoY), while 1.8Mt was exported (up 35 per cent YoY). Consumption in the country rose 25 per cent YoY in the Jan-June 2018 period, rising to 51.42Mt. Exports reached 15.42Mt in the six-month period, meeting 85.6 per cent of the target volume for the year.

Vietnam’s cement market expands 29% in June

27 June 2018, Published under Cement News

Vietnamese cement producers have sold 8.71Mt in June, up 30 per cent YoY, said the Vietnam Building Material Association. Domestic demand reached 6.91Mt, representing a 29 per cent increase when compared with June 2017, including 2.18Mt sold by Vietnam Cement Industry Corp (Vicem). Exports surged by 35 per cent YoY in June to 1.8Mt. In the 1H18 Vietnam’s total cement sales are estimated to have advanced by 25 per cent YoY to 51.42Mt, or 61 per cent of the 2018 target. Vicem sales reached...

Vietnam's Ministry of Construction develops 2030 industry strategy; country targets 5Mt annual growth

26 June 2018, Published under Cement News

In his keynote address at Cemtech Asia 2018, Dr Nguyen Quang Cung, President of the Vietnam National Cement Association, highlighted the road ahead for the Vietnam cement industry The government in Vietnam has initiated a comprehensive industry review in an effort to kick-start a step change in efficiency and environmental performance of the industry, as the country targets a domestic consumption growth of 5Mta.  “The Vietnam government has instructed the Ministry of Construc...