Displaying items by tag: Vietnam
Vietnam: SCG Vietnam’s sales revenue rose by 20% year-on-year to US$639m in the first half of 2018. The subsidiary of Thailand’s SCG reported faster sales growth in the second quarter of 2018, according to the Viet Nam News newspaper. Sales increased by 28% year-on-year to US$371m in the second quarter.
Vietnam: Vietnamese cement exports in the first seven months of 2017 reached an estimated 17.8Mt, a year-on-year increase of 55% and close to the 18-19Mt target for the entire year. Exports of cement in July 2018 alone were estimated at 2.1Mt, an increase of 43% over July 2017.
During the seven month period, consumption of cement from Vietnamese producers in both domestic and export markets was estimated at 58.3Mt, equal to 69% of the year’s target 83-85Mt.
Vietnam: The Ministry of Construction has opposed the Ministry of Industry and Trade’s proposal to transfer the Quang Son cement plant from Vietnam Industrial Construction Corporation (Vinaincon) to Vietnam Cement Industry Corporation (Vicem) on the grounds of the plant’s losses and debts. Both Vinaincon and Vicem are government owned, according to the Viet Nam News newspaper.
Luong Quang Khai, chairman of Vicem’s board of members, said that the Quang Son cement plant is located in a poor position for transport logistics, which has led to high production costs. The plant has also suffered from losses while its loans have grown to equal 95% of the plant’s total investment. Khai also noted that the potential new owner Vicem has undergone financial difficulties following its acquisition of the Ha Long and Song Thao cement plants.
Previously, the Ministry of Industry and Trade suggested that the government transfer the Quang Son cement plant to Vicem from Vinaincon. Under the proposal, Vicem would back the loans taken out by Vinaincon for the Quang Son cement plant. Formerly known as the Thai Nguyen cement plant, Quang Son started commercial operation in July 2011 with a cement production capacity of 1.5Mt/yr.
Vietnam: The Vietnam Cement Industry Corporation (Vicem) exported the majority of its cement sales in the first half of 2018. The government-owned cement producer’s sales rose by 10.1% to 14.2Mt, according to the Viet Nam News newspaper. However, 11.7Mt of this figure was exported. The company’s cement and clinker production rose by 8.5% to 10.2Mt and 6.4% to 11.6Mt respectively.
Vietnam: The government of Quang Ngai has threatened to shut the Dai Viet-Dung Quat cement plant if it does not improve its dust emissions. 107 households living within 50m of the unit have been moved but more than 1600 households remain close to the site, according to the Vietnam News Agency. The 0.5Mt/yr cement plant started operation in 2015.
Former Vicem head removed from government committees
12 July 2018Vietnam: Tran Viet Thang, the former General Director of the Vietnam Cement Industry Corporation (Vicem), has been dismissed as a member of the Executive Committee of the Central Businesses Party Unit and member of the Executive Committee of Vicem's Party unit. He has been found guilty of several legal violations as well as breaking Communist Party of Vietnam rules, according to the Viet Nam News newspaper.
Thang was appointed as the head of government-owned Vicem in mid-2013. He is accused of raising company debts of US$175m by the end of 2016. He left the position in mid-2017. According to the Secretariat of the Communist Party of Vietnam, Thang signed documents and took decisions that he was not authorised to. His actions allegedly violated local corporate and bidding law, as well as rules for Communist Party members. He has been accused of damaging the reputation of Vicem and the Communist Party.
The punishment against Thang is part of an on-going crackdown in the country against corruption.
Vietnam: Cement exports rose by 50% year-on-year to over 15Mt in the first half of 2018. Estimates from the Construction Materials Department of the Ministry of Construction shows that the country consumed 51.4Mt of cement, an increase of 25%, according to the Viet Nam News newspaper. Cement inventory was 3.1Mt or equivalent to 14 - 15 days of production. High local consumption has been attributed to good weather and growing exports have been attributed to a halt in cement production in a number of cities in China.
Brazil/US/Vietnam: FCT Combustion has released details on new burner projects it is involved with. Selected projects include the commissioning of Gyro-Therm burners for Kilns 1 and 2 for use with natural gas, coal, petcoke and solid alternative fuels at Lehigh Cement’s Evansville plant in Pennnsylvania in the US. The supply also included the burner management system, valve trains, fans and other accessories.
The company is also working on an upgrade to the hot gas generator at Votorantim Cimentos’ Vidal Ramos plant in Santa Catarina, Brazil. Also in this country it is supplying Turbu-Jet AF burners with blowers, ignition and flame detection systems to CSN Cimentos’ Arcos plant in Minas Gerais.
Finally, in Vietnam the burner supplier is to provide a Turbu-Jet AF burner firing low calorific value coal with fuel oil to Vinacomin’s Quan Trieu Cement plant.
Vietnam: The Ministry of Industry and Trade has proposed that the government transfers the management of Quang Son cement plant to the Vietnam Cement Industry Corporation (Vicem) from the Vietnam Industrial Construction Corporation (Vinaincon) due to high losses and mounting loans. Both companies are run by the government, according to the Viet Nam News newspaper. The loans have grown to 95% of the total investment of US$153m of the project, putting financial pressure on Vinaincon.
Under the proposal, Vicem will have to take care of all the loans taken by Vinaincon for Quang Son cement plant, formerly known as Thai Nguyen cement plant. The project started commercial operation in July 2011 with a production capacity of 1.5Mt/yr of cement.
Vietnam: At a recent working session with the authorities of Vietnam’s northern province of Ha Nam, Prime Minister Nguyen Xuan Phuc asked the region not to grant an investment license for any new cement plants. He also urged the provincial authorities to take a closer look at environmental protection.
At present, Ha Nam province has 11 rotary kilns making cement that share a combined capacity of 21Mt/yr, including the Xuan Thanh 2, the Vissai Ha Nam, and the Thanh Thang cement plants. The province has the largest production capacity in the country, according to data from the Ministry of Construction.