Displaying items by tag: Thanh Thang Cement Corporation

Vietnam: Brokerage company Mirae Asset Securities Vietnam (MASVN) expects cement producers that specialise in exports to switch to the domestic market due to reduced demand in China. The export market to China has slowed down due its Zero-Covid policy and a reduced real estate market, according to the Viet Nam News newspaper. Major local exporters include Vissai Ninh Binh, Hoang Mai and Thanh Thang. China accounted for 40% of Vietnam’s cement exports in 2021. If these companies switch to the local market then it is expected to create more competition for producers that are more domestically aligned, including Vicem Ha Tien, FICO and Holcim Vietnam

Germany/Vietnam: Loesche says that it has dispatched two LM 53.3+3 CS vertical roller mills from its plant in North Rhine-Westphalia for a new line at Thanh Thang Group Cement’s integrated Bong Lang cement plant. The mills have a combined capacity of 180t/hr and grind clinker to a fineness of 4000 Blaine. The new line, installed by Sinoma-NCDRI, will be commissioned in late-2021. Loesche will also supply two cellular wheel feeders, metal detectors and sealing air blowers.

Indonesia: Exports drove Semen Indonesia’s cement sales volume growth in 2018. Its local sales volumes of cement grew by 1.2% year-on-year in 2018 to 27.4Mt from 27.1Mt in 2017 but exports increased by 68% to 3.16Mt from 1.87Mt. Sales volumes at its Thanh Long Cement subsidiary in Vietnam grew by 7.9% to 2.57Mt from 2.39Mt due to a sharp increase in exports. The group’s revenue rose by 10% to US$2.17bn from US$1.96bn. Its net profit nearly doubled to US$218m from US$117m.

Semen Indonesia completed its acquisition of Holcim Indonesia for US$1.75bn in February 2019. Prior to the purchase it had a cement production capacity of 38.2Mt/yr and Holcim Indonesia had a capacity of 14.8Mt/yr.

Indonesia: Semen Indonesia’s sales export volumes grew by 68.7% year-on-year to 3.16Mt in 2018 from 1.87Mt in 2017. By comparison its local sales rose by 1.2% year-on-year to 27.4Mt from 27.1Mt. Overall, including the group’s Thanh Long Cement subsidiary in Vietnam, sales volumes increased by 5.8% to 33.2Mt from 31.3Mt.

Company Sigit Wahono said that domestic sales had been ‘undermined’ by oversupply in the local market, according to the Antara news agency. However, he said that the state-owned cement producer was planning to expand its export market to countries in Southeast Asia, South Asia, Africa and the Middle East, as well as Australia. The group has a production capacity of 53Mt/yr following its acquisition of Holcim Indonesia in early 2019.

Vietnam: Vietnamese Prime Minister Nguyen Xuan Phuc has allowed Thanh Thang Cement to add two new production lines to its plant at Thanh Nghi in Ha Nam. Lines 4 and 5 will have a combined production capacity of 2.3Mt/yr, according Viet Nam News newspaper. Line 4 is expected to be commissioned in 2022 and line 5 in 2026. The cost of the upgrade has been disclosed.

Vietnam: Thanh Thang Cement is spending US$35m to towards developing a third production line at its cement plant in Thanh Nghi, Ha Nam. The government has agreed the investment at the 2.3Mt/yr unit over the 2021 – 2025 period, according to the Đầu tư newspaper. A second production line at the site was inaugurated in July 2017.

Vietnam: Trinh Dinh Dung, the Deputy Prime Minster, has inaugurated the second production line at the Thanh Thang Cement plant at Thanh Nghi, Ha Nam. The new line has a production capacity of 1.3Mt/yr and it will raise the plant’s total capacity to 1.75Mt/yr, according to the Viet Nam News newspaper. The company has invested US$220m in the upgrade project.

Trinh Dinh Dung also said at the event that the Ministry of Construction would have to review the master plan for the cement industry in the 2017 - 2025 period with a vision towards 2035, and the master plan for exploration, exploitation and use of minerals for cement production by 2025. He urged domestic cement manufacturers to comply with environmental protection requirements, and invest in new technology to improve the quality of their products and protect the environment.

Vietnam: Loesche has signed a contract with Sinoma-NCDRI for three mills to be supplied for Thanh Thang Cement in Bong Lang, Ha Na. A type LM 60.6 Loesche mill with a performance of 520t/hour as a reliable unit has been ordered to grind cement to a fineness of 12% R DIN 0.09mm. The gearbox of this mill has a power output of 4600kW. Two separate type LM 53.3+3 CS Loesche mills with a performance of 200t/hour will be in use to grind clinker to 3400 Blaine. The gearboxes of these two mills each have a power of 4,600 kW.

The scope of delivery for this order also includes rotary feeders, water injection, metal detectors and sealing air fans. All three mills are to be put into operation by October 2016.

Vietnam: The Bank for Investment and Development of Vietnam (BIDV) has signed a credit contract with Thanh Thang Cement Corporation to develop a second production line at its cement plant in Thanh Nghi, Ha Nam.

Under the agreement, the BIDV will lend Thanh Thang Cement US$156m. The project requires a total investment of US$250m. The new line will have 2.3Mt/yr of cement production capacity. It was added to the government's plan for the cement industry in Vietnam during the 2011 - 2020 period. Once completed for operation in 2017, the project is expected to create jobs for more than 1000 local labourers.

Vietnam has become the fifth-largest cement producer and consumer in the world after China, India, Iran and the US. The country now has 74 cement production lines with a combined output of 77Mt/yr. The output volume is predicted to continue increasing. The ministry has predicted that Vietnam's sales of cement and clinker will to rise by 1.5 - 4% year-on-year to 72 – 74Mt in 2015, of which domestic sales will rise by 4.5 - 6.5% to 53 – 54Mt and exports will be at 19 – 20Mt.