Displaying items by tag: Vietnam

Vietnam: Vietnam Cement Industry Corporation (Vicem) sold 16.3Mt of cement and clinker in the first nine months of 2015, up by 1.5% year-on-year. Of the volume, 14.9Mt of cement and clinker was sold on the domestic market, up by 8.6% year-on-year, while 1.44Mt was exported, down by 39.4% year-on-year.

In the third quarter of 2015, Vicem's cement and clinker sales grew by 6.2% to 5.61Mt, of which 5.27Mt of cement and clinker was sold on the domestic market, up by 11% year-on-year, while 337,000t was exported, down by 37% year-on-year. Vicem's cement production grew by 10% year-on-year to 4.97Mt in the third quarter of 2015, while its clinker output rose by 8% to 4.34Mt.

Vicem plans to produce 4.42Mt of clinker and 5.45Mt of cement in the fourth quarter of 2015, down by 0.8% and 5.7% respectively year-on-year. It also aims to sell 6.07Mt of cement in the fourth quarter, raising its full-year target to 22.4Mt. In 2014, Vicem's clinker production grew by 0.7% to 16.5Mt while its cement output rose by 10.3% to 18.5Mt.

Vietnam: Vicem Hoang Mai Cement JSC has announced plans to build a cement plant at an estimated cost of US$480m in Nghe An. The Hoang Mai Cement 2 plant will be constructed in the 2016 - 2020 period in two phases, providing more than 2Mt/yr of cement after the completion of each phase. The products will be sold in the central region and will be exported as well.

Vietnam: Consumption of cement in Vietnam between 1 January 2015 to 30 September 2015 rose by 3% year-on-year to 52.1Mt compared to the same period of 2014, according to the Ministry of Construction. The ministry's Building Material Department said 40.3Mt of cement were sold on the domestic market, a year-on-year increase of 8%, while export volumes fell by 12% to 11.9Mt.

Despite the rise in the first nine months, cement consumption in September 2015 fell by 9% to 5.4Mt. 4.3Mt went to the domestic market, 11% less than in August 2015. The reduction in total consumption volume of cement in September 2015 was stated to be due to the impact of the rains and the 'ghost month' when people often avoid starting construction projects.

Experts expect cement consumption on the domestic market to be better by the year-end when the construction season begins. However, the cement industry will find it difficult to export cement by the year-end because other cement exporters in the region are set to increase their volumes.

Le Van Toi, Head of the Building Material Department, said that the enterprises should promote domestic consumption of cement and then improve competitive ability of cement products for exports.

Vietnam: Cement firms in Vietnam are reported to be 'upbeat' as rising domestic consumption has lifted their profits in the first half of 2015. Tran Viet Thang, General Director of Vietnam Cement Industry Corporation (VICEM), reported that, despite unfavourable exports, VICEM still registered a pre-tax profit of US$62.6m in the first half of 2015. This is 34% more than the US$46.7m posted in the first half of 2015. VICEM expects that its full-year profits will surpass US$93m in 2015.

The most impressive business performance among VICEM members was from Ha Tien 1, which saw its first half post-tax profit spike to US$18.4m, a surge in growth that dwarfs the US$604,650 profit from a year earlier. The company's net revenue rose by 19.4% year-on-year to US$96m. Its gross profit rose by 51.5% to US$20m.

Hoang Mai made nearly US$1.4m in post-tax profits in the first six months of 2015, against US$1.1m a year ago. Its net revenue from sales and service supply in the second quarter came to US$23.2m compared to US$21m in the same period in 2014.

Apart from VICEM member units, other companies in the cement industry have also reported a promising returns, with strong growth in the first half. Cam Pha Cement JSC, based in the north-eastern province of Quang Ninh, saw a 21% jump in sales volumes during the period, generating a revenue of US$51m and a profit of US$3.1m.

In 2015 Vietnamese cement consumption is forecast to hit 74 - 75Mt, with a further 19-20Mt earmarked for export.

Vietnam: Holcim is using shoes as an alternative fuel in Vientam thanks to its new solid recovered fuel (SRF) plant from shredding specialist Untha, according to Equipment World.

The new SRF plant will use waste from Vietnam's largest shoe factory once it has been delivered. It was pre-assembled and tested in Austria and is currently being shipped by sea to Holcim in Vietnam. Delivery is expected in September 2015. The SRF plant will convert the waste by using an anti-explosive Atex-specification XR3000 Cutter waste shredder with two 113kW motors, conveyor, over-band magnet, control room and water-powered fire suppression technology. The plant can process 10t of material into the 8mm, high calorific value fuel.

Vietnam: Deputy prime minister Hoang Trung Hai has directed the implementation of solutions to treat waste at thermal power plants for energy conservation and environmental protection.

Trung Hai urged the concerned parties to more effectively implement Government Decision 1696/QD-TTg on measures to treat gypsum, ash and cinder from thermal power, chemical or fertiliser plants for the production of building materials. Special focus should be paid to the Vinh Tan in Binh Thuan, An Khanh in Thai Nguyen, Song Hau in Mekong Delta Hau Giang and Vung Ang in Ha Tinh thermal power plants, where waste treatment is a pressing issue.

He asked the Ministry of Industry and Trade and the Ministry of Construction to coordinate with localities to disseminate effective waste treatment models while supplementing and completing criteria on the quality of ash and cinder for recycling in cement and construction material production.

Vietnam is home to 19 operating thermal power plants with a total capacity of 14,480MW, which discharge about 15Mt/yr of ash and cinder. After 2020, the country is expected to have 43 thermal power plants with a combined capacity of 39,020MW, discharging over 30Mt/yr of ash and cinder.

Vietnam: Yen Binh Cement's revenue grew to US$12.7m in the first half of 2015, thanks to its expanding markets.

In the period, Yen Binh Cement sold 308,000t of cement and exported 480,000t of clinker, fulfilling 40% of its 2015 target. The company produced 400,000t of cement in the six months, meeting demand in Yen Bai Province and the neighbouring Provinces of Ha Giang, Tuyen Quang and Lai Chau. Yen Binh Cement also exported 480,000t of clinker. In 2015 it aims to generate a revenue of US$33.2m, with a net profit of US$962,640.

Vietnam: Vietnam Cement Industry Corporation (Vicem) has said that its cement and clinker sales fell by 0.5% to 10.7Mt in the first half of 2015, according to Vietnam News Brief Service.

Some 9.58Mt was sold to the domestic market, up 7.1% year-on-year, while 1.15Mt was exported, down by 37.7%. In the first half of this year, Vicem produced 8.36Mt of clinker and 9.2Mt of cement, rising by 5% and 6.1% year-on-year, respectively. As of 30 June 2015, Vicem had 1.75Mt of cement and clinker inventory, including 1.41Mt of clinker, equivalent to 28 days of production.

Vicem aims to produce 4.26Mt of clinker and 5.21Mt of cement in the third quarter of 2015. It also aims to sell 5.97Mt of cement in the third quarter, raising the full-year target to 13.1Mt. In 2014, Vicem's clinker production grew by 0.7% year-on-year to 16.5Mt while its cement output rose by 10.3% to 18.5Mt.

Vietnam: The Vissai Cement Group, which is building the 12,000t/day Song Lam Cement Plant, has announced that ground clearance has already set the project back by US$11m. The group has reported 'facing financial difficulties' as a result of this expense and is also struggling with the costs of clearing the path for a road between the plant site and an existing grinding facility. It was originally expected that the plant would produce its first clinker by September 2016.

Vietnam: The Ministry of Construction looks set to realize its target of allowing all state-owned enterprises (SOEs) at its helm to 'go public' at the end of 2015, according to Deputy Minister Le Quang Hung. He said, in a recent report, that seven out of 16 corporations and holding companies under the ministry have undergone equitisation and the remaining nine would go public between now and the end of 2015.

The SOEs subject to equitisation include Vietnam National Construction Consultant Corporation (VNCC), Building Materials Corporation No. 1 (FiCO) and Vietnam Cement Industry Corporation (VICEM), among others.

A revised Enterprise Law, which took effect on 1 July 2015, says that SOEs are now defined as 100% owned by the state, instead of 51% or above as previously. Therefore, in addition to the construction ministry, the new law also helps other ministries complete restructuring and equitisation plans for SOEs under their respective umbrellas.