The Vietnamese Ministry of Construction has requested three cement firms to seek more export markets for their products amid the country’s forecast glut of one and two million tons this year.
Chinfon Cement Corporation, Nghi Son Cement Corporation and Phuc Son Cement Company were urged to export between 100,000 and 150,000 tons of cement each in [...]
While demand is forecast to exceed the supply in the north and cement producers have turned to export ventures, the southern market still needs 3.5-4 million tons. The Ministry of Construction has begun to tackle such industry dilemmas.
According to Nguyen Van Thien, Chair of the Vietnam Cement Association, total cement output for 2010 will reach [...]
Experts warn that a major cement glut is poised to hit the domestic market in the coming years as several new factories go into production.
Ngo Quang Diem, deputy head of the Ministry of Construction’s Building Materials Department, said exports of cement and clinker should be increased to deal with the glut after domestic demand stabilises.
However, [...]
Vietnam Machinery Installation Corp (Lilama), representative of EPC contractor for Nghe An province-based Do Luong cement plant project, has officially signed an agreement with the contractors responsible for supplying equipment for the project on July 13, 2010.
In details, the bidding package of supplying technical services and equipment for the main cement furnace with designed capacity [...]
Vietnam’s cement producers generated 4.41 million tons of cement in June, raising the country’s total output to 24.92 million tons in the first six months, equaling 49.8% of its full-year target.
The country used 24.49 million tons of cement in H1, including 4.32 million tons in June, the Ministry of Construction said without giving on-year comparison.
This [...]
Domestic cement consumption in the first half of the year dropped by up to 40 per cent.
Industry experts attributed declining demand to the fact that firms had stockpiled huge amounts of cement in anticipation of price increases.
The Viet Nam Cement Association also said the country was facing stiffer competition from imports.
In response to declining demand, [...]
After criticisms of the tile and then steel industries, now the cement industry is being slammed for ‘overly hot investment’. The Ministry of Construction and related companies must strain to settle overproduction.
Every year, Vietnam consumes a large volume of cement to develop infrastructure and build houses. Development experts claim that it is therefore necessary to [...]
The northern bourse-listed Song Da Yaly Cement Joint Stock Co (coded SDY) announced July 12 would be the ex-dividend session and July 14 of registration deadline to close the shareholders list for issuing additional shares for existing shareholders.
In details, SDY would issue three million shares for existing shareholders at a ratio of 1:2 at offered [...]
Statistics from Ministry of Construction showed that the cement producers in June 2010 have reached the output of 4.41 million tonnes, raising the accumulative production volume in the first half of the year to 24.92 million tonnes, fulfilling 49.8 percent of the year plan.
Meanwhile, the country’s total cement consumption volume in June achieved 4.32 million [...]
Thua Thien-Hue people’s committee has issued investment license for Song Hong Joint Stock Corp to build Long Tho 2 cement plant in Huong Van Commune, Huong Tra Dist with total investment capital of over 760 billion dong.
The new cement plant will have designed capacity of 1,000 tonnes of clinker per day or 350,000 tonnes of [...]
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