Displaying items by tag: Fico Tay Ninh Cement

Vietnam: Fico Tay Ninh Cement has launched ‘green-labelled’ cement with CO₂ emissions between 350-600kg/t, 70% lower than traditional Portland cement, according to Tuoi Tre News. Director of Fico Tay Ninh Cement, Nguyen Cong Bao, said that the company has invested in automated production lines and research and development to produce this ‘eco-friendly’ cement, aiming to offer it at competitive prices due to cost-saving technologies.

In addition, SCG Concrete Roof Company has introduced its own ‘green’ cement to the local market, reducing carbon emissions by 20% during production compared to traditional Portland cement.

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