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Coronavirus double whammy for Vietnam 11 March 2020
Vietnam: Cement producers in Vietnam are reported to be facing a ‘double whammy’ due to falling domestic demand from a slowdown in the domestic property and infrastructure sectors, as well as a marked decline in exports due to the ongoing Novel Coronavirus (COVID-19) epidemic.
However, Nguyen Quang Cung, chairman of the Vietnam Cement Association (VNCA) said that demand is expected to remain high throughout 2020 as a whole. The Ministry of Construction (MoC) currently stands by its autumn 2019 forecast that Vietnam will produce 103Mt of cement during 2020. It expects domestic consumption to be around 70Mt, with exports of 33Mt.
To help firms overcome the current difficulties, Cung proposed that the government, the State Bank of Vietnam and other parties offer support to manufacturers in the form of tax cuts and lower interest rates.
Global Cement is sceptical that Vietnam’s cement producers will meet the MoC’s 2020 forecast. In January and February 2020 the country’s domestic sales were 40% lower year-on-year compared to 2019, while exports fell by 49% year-on-year.
France: Hoffman Green Cement Technologies, a pioneer in low-carbon cement production, has announced the publication of its Life Cycle Inventories (LCI) in the INIES database, France’s national reference database for environmental and health performance in the construction sector.
The LCI published by Hoffmann Green summarises all incoming and outgoing flows of raw materials and energy resources used to manufacture its H-UKR and H-EVA cements to allow an assessment of the environmental impacts. They will serve as input data for the software that carries out the life cycle analysis of a construction product, often comprising several materials.
H-UKR is a binder that is based on alkali-activated blast furnace slag, which is sold into the precast concrete, ready-mix concrete and bagged cement markets. H-EVA is a high ettringite binder that is used in the mortar, coatings, road binder and ready-mixed concrete markets.
Julien Blanchard and David Hoffmann, the company’s founder’s stated, "The publication of the LCI of our cements is a first in France and is part of our determined ambition to decarbonise the construction sector and be fully transparent vis-à-vis all our stakeholders. It also illustrates our commitment in the face of the climate change emergency and the need to reconcile cement and the environment.”
Progreso publishes Panama plans 10 March 2020
Panama: Guatemala-based Cemento Progreso, which acquired Cemento Interoceanico on 21 November 2019, has shared plans to expand its 0.25Mt/yr La Chorrera plant to 0.3Mt/yr production capacity. Noticias Financieras News has reported that the company will also establish three new concrete plants, in David, Chiriquí province, Columbus, Columbus province, and Tocumen, Panama province. Through these it hopes to serve major infrastructure projects such as the construction of a fourth Panama canal bridge and to increase its cement market share from 10%.
Bangladesh: LafargeHolcim Bangladesh has posted a 56% year-on-year increase in profit to US$20.5m in 2019 from US$13.1m in 2018. Sales rose by 100% to US$210m from US$105m in 2018. New Nation Independent Daily News has reported that LafargeHolcim Bangladesh CEO Rajesh Surana said, "2019 was a challenging year for the cement industry. The impact of increased raw material costs and taxes was significant. Despite this, LafargeHolcim demonstrated a strong performance trend. Our focus on improving operational efficiencies, driving commercial innovation and cost optimisation continues to be effective. We are determined to build on this thrust and further increase value to our stakeholders."
Bosnia & Herzegovina: Germany-based HeidelbergCement subsidiary Tvornica Cementa Kakanj (TCK) recorded a profit of Euro7.35m in 2019, down by 15% year-on-year from Euro8.63m in 2018. Sales rose by 1.8% over the period, to Euro37.7m from Euro37.0m. The company explained the profit drop in terms of increased operating costs, which rose by 3.8% to Euro29.4m from Euro22.7m in 2018.