Vietnam: Cong Thanh Cement has defended its decision to build a grinding plant at Cam Ranh in Khanh Hoa province despite high debts, a domestic cement surplus and poor market conditions. A spokesperson said that the company’s loan liabilities have reached US$606m, according to the Việt Nam News newspaper. It has declared a revenue target of US$19.4m for 2017 with a loss of US$1.93m expected. A cement surplus and high fuel prices adding to transportation costs have contributed to the problems the company faces. The cement producer operates a two-line 6Mt/yr plant at the Nghi Son Economic Zone in Thanh Hoa Province.
Cong Thanh Cement defends decision to build grinding plant
Written by Global Cement staff
Published in
Global Cement News
Tagged under
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
Acquisition
Cemex
China
CO2
concrete
coronavirus
Export
France
Germany
Government
grinding plant
HeidelbergCement
Holcim
Import
India
Lafarge
LafargeHolcim
Mexico
Nigeria
Pakistan
Plant
Product
Production
Results
Russia
Sales
Sustainability
UK
Upgrade
US
| « | July 2022 | » | ||||
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | 31 |
