Displaying items by tag: VICEM

Vietnam: State-owned Vicem’s cement and clinker sales grew by 8% year-on-year to 12.7Mt in the first half of 2021. The Viet Nam News newspaper has reported that the company recorded cement and clinker production volumes of 14.8Mt, up by 7%. Its 2021 full-year production targets are 30Mt of cement and clinker sales, up by 5%, and production of 26Mt of cement, up by 8%, and 22Mt of clinker, up by 1%. The producer recorded sales of US$709m in the first half of 2021, up by 5%. Its profit before tax rose by 23% to US$54.4m.

Vietnam: State-owned Vicem produced 10.5Mt of cement in the first five months of 2021, an increase of 9% year-on-year. Total cement and clinker sales rose in the period by 8% to 12.8Mt, according to the Viet Nam News newspaper. The company is targeting 26Mt-worth of cement production in 2021, up by 8% year-on-year.

Vietnam: Vicem recorded 9.72Mt of cement production in the first four months of 2021, up by 12% year-on-year from 8.67Mt in the first four months of 2021. The Viet Nam News newspaper has reported that the company is targeting 22.0Mt of cement in 2021, corresponding to a 1% rise year-on-year. Chair Bui Hong Minh said that the growth signals the success of Vicem’s coronavirus pandemic prevention measures at meeting their aim of maintained operational stability.

Vietnam: Members of the Vietnam Cement Association (VICEM) produced 22.5Mt of cement in the first quarter of 2021, up by 2% year-on-year from 22.1Mt in the first quarter of 2020. The Việt Nam News newspaper reported that production in March 2021 was 8.3Mt, down by 4% from 8.0Mt in March 2020. Full-year production totalled 100Mt in 2020.

Vietnam: The Vietnam National Cement Corporation (VICEM) aims to increase cement production by 1% year-on-year to 22Mt in 2021. The Viet Nam News newspaper has reported that the company is targeting a sales increase of 7% to US$1.5bn and a profit increase of 13% to US$99m. The company says that it expects domestic cement consumption to rise by 5% to 30Mt.

The group has set out six solutions by which to achieve its goals: continue to ‘optimise and improve production capacity’ through promoting research and application of advanced science and technology, focus on ‘investment in depth,’ reduce consumption, use resources economically and reduce environmental impacts throughout the supply chain.

VICEM chair Bui Hong Minh said, “Implementing the comprehensive restructuring project of the corporation in the period of 2019 - 2025 approved by the Ministry of Construction, VICEM is focussing on promoting innovation and creativity to bring new development space and motivation to the Bim Son Cement unit in particular and the cement industry in general.”

In 2020 VICEM increased its full-year profit by US$30m.

Vietnam: The Vietnam National Cement Corporation (VICEM) says that total cement and clinker exports in the first eight months of 2020 were 23.9Mt, up by 16% year-on-year from 20.7Mt in the corresponding period of 2019. The total value of exports rose by 1.2% to US$882m from US$872m, corresponding to a price drop of 12% to US$36.9/t from US$42.1/t.

Saigon Online News has reported that the main source of demand growth is China’s burgeoning post-coronavirus lockdown construction market, where a 35% year-on-year increase in cement consumption in July 2020 has enabled Vietnamese producers and traders to undercut the cement prices of the newly streamlined domestic industry. China received 12.6Mt (53%) of Vietnam’s cement and clinker exports, followed by the Philippines with 4.5Mt (19%) and Bangladesh with 1.7Mt (7.1%).

Vietnam: The Vietnam National Cement Corporation (VICEM) has reported that Vietnamese producers exported 13.6Mt of cement between 1 January 2020 and 31 May 2020, down by 1.4% year-on-year from 13.8Mt in the corresponding five months of 2019. Producers exported 7.07Mt of cement to China, up by 26% from 9.55Mt, 2.08Mt to the Philippines, down by 29% from 2.93Mt, and 1.36Mt to Bangladesh, down by 9.9% from 1.51Mt. The total value of exported cement fell by 14% to US$505m from US$590m.

Vietnam: Producers sold 29.2Mt of cement between 1 January and 30 April 2020, down by 7% year-on-year from 27.3Mt over the corresponding period of 2019. The Vietnam National Cement Corporation (VICEM) has reported that domestic sales fell by 4% to 19.3Mt (66% of total sales) and exports fell by 11% to 9.90Mt (34%), according to the Việt Nam News newspaper. April 2020 cement sales were just 8.08Mt, including 2.42Mt of exports, due to the effects of the coronavirus lockdown on cement demand from construction.

Vietnam: The Vietnam National Cement Corporation (Vicem) and Denmark-based supplier FLSmidth have announced a cooperation agreement with the aim of radically reducing the greenhouse gas emissions from cement production and improving air quality. The cooperation will consist of Vicem implementing solutions pioneered by FLSmidth. FLSmidth said that a key focus of the cooperation will be Vicat’s use of ‘municipal and other waste streams as alternative fuel sources,’ with the aim of achieving 100% substitution using FLSmidth solutions, in accordance with FLSmidth’s ambition ‘to enable cement companies to operate with zero emissions by 2030.’

Vietnam: State-owned Vietnam Cement Industry Corporation (VICEM), the country’s leading cement producer, produced 18.74Mt of cement and 15.63Mt of clinker in the first nine months of 2019, increases of 8% and 4% year-on-year respectively, according to the Dau Tu (Investment) newspaper.

During the period, VICEM sold 21.82Mt of cement and clinker, a 3% year-on-year rise. The sum included 18.83Mt of cement, a 7% year-on-year increase. Over the same period, VICEM’s pre-tax profit rose by 35% year-on-year to US$90.52m, including US$58.16m from its cement subsidiaries, a 20% year-on-year increase.

In 2018, VICEM produced a total of 20.4Mt of clinker and 25Mt of cement. In 2019 it aims to produce and sell 31Mt of cement and clinker, including 26.8Mt of cement, a targeted increase of 10% year-on-year.