Displaying items by tag: Tan Quang Cement

Vietnam: Deputy director of Tan Quang Cement, Tran Van Hung, has proposed reducing cement plant capacity to address the significant supply-demand imbalance. With a current supply of 120Mt/yr and a demand of only 56Mt/yr, the oversupply has led to price pressures, according to the Vietnam News Brief Service. This strategy aims to stabilise prices amid rising input costs and declining sales, further challenged by China's competitive stance and increased export taxes.

Van Hung has suggested regulating plant operations through energy limits and penalties to control supply and stabilise prices.

Vietnam: Tan Quang Cement says that it fell short of its first-half 2023 cement production target by 80,000t at it 800,000t/yr Trang Da cement plant in Tuyen Quang. The plant will ‘presently’ enter a shutdown period for maintenance. Việt Nam News has reported that the producer attributed the shortfall in production to low demand, amid general national overcapacity.