Displaying items by tag: Vietnam Cement Industry Corporation

Vietnam: Vietnam Cement Industry Corporation (Vicem) said that its cement and clinker sales in May 2015 grew by 10% year-on-year to 2.01Mt. Of the volume, 1.84Mt of cement and clinker were sold to the domestic market while 162,000t were exported.

In the first five months of 2015, Vicem's cement and clinker sales fell by 1.4% year-on-year to 9.08Mt. Of this, 8.0Mt was sold to the domestic market, up by 6.2% year-on-year, while 1.06Mt was exported, down by 34% year-on-year. Vicem produced 6.97Mt of clinker and 7.61Mt of cement in the first five months of 2015, rising by 5.1% and 4.1% year-on-year respectively. Of this, 1.47Mt of clinker and 1.82Mt of cement was produced in May 2015.

Vicem plans to produce 1.52Mt of clinker and 1.58Mt of cement and aims to sell 1.73Mt of cement and clinker in June 2015.

Vietnam: Vietnam could earn as much as US$1bn via the export of 20-21Mt of cement and clinker in 2014, 15% more in value terms compared to 2013, according to the Vietnam Cement Association. Preliminary statistics from the Customs General Department showed that the shipment of cement and clinker increased in both volume and value in January-October, reaching nearly 18Mt over 10 months.

Tran Viet Thang, Director General of the Vietnam Cement Industry Corporation (Vicem), which holds 34% the Vietnamese cement sector's output, said that Vicem exported about 1.8Mt of cement and clinker in the first three quarters of 2014 and plans to sell a further 1Mt in the final three months of the year.

Vietnam: Vietnam exported nearly 5.2Mt of cement in the first half of 2013, a rise of 63% year-on-year compared to 3.2Mt in the same period in 2012 said the Ministry of Construction. Taiwan, Singapore, Indonesia and Cambodia were the major destinations. The ministry also stated that cement sales have grown by 27.9% year-on-year, reaching 27.9Mt so far in 2013.

Due to reduced demand at home, many cement producers have focused on exports, said Tran Van Huynh, chairman of the Vietnam Construction Materials Association. The cement industry expects to export over 10Mt of cement in 2013, or 15% of the nation's total output. Huynh added that the Vietnamese export price was around 20% below the average global export price.

Exports have helped reduce the June 2013 inventory to around 2.6Mt, according to the construction ministry. The unsold volume of Vietnam Cement Industry Corporation (VICEM) accounts for half of this amount.

There have been no changes in the price of cement in the Vietnam market since January 2013 despite higher coal, power and fuel prices that have pushed up production costs and caused difficulties for domestic producers. The Vietnamese cement industry has a production capacity of 66Mt/yr and consumption for 2013 is forecast to be in the region of 57Mt.