Displaying items by tag: Vietnam
Vicem sells 9.2Mt in first four months of 2018
24 May 2018Vietnam: State-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, sold 9.2Mt of cement and clinker in the first four months of 2018, a 6.7% year-on-year rise from the same period in 2017. The corporation’s clinker and cement output also increased by 5% and 1.5% to 6.49Mt and 7.24Mt, respectively. Vicem aims to produce 1.8Mt of clinker and 2.5Mt of cement in May 2018. Its cement and clinker sales are expected to reach 2.7Mt in May 2018.
Vicem sold about 26.6Mt of cement and clinker in 2017, a rise of 3% year-on-year. 23.6Mt was sold locally, a 4% rise, and 3Mt was exported, a fall of 3%.
Vietnam: The environment ministry has approved fly ash from the Formosa steel company for use in cement production. Sông Gianh Cement in Quảng Bình Province has been cleared for its use provided the materials meet current technical specifications and that the company has the responsibility to monitor the transport of ash, according to the Viet Nam News newspaper.
Sông Gianh Cement initially denied receiving fly ash from Formosa. However, the transport company carrying the by-product from Hà Tĩnh to Quảng Bình admitted to local media that it had been hired for the job. The Quảng Bình environment department then revealed that Sông Gianh had asked the government if it could buy fly ash from Formosa but that it had been denied due to poor public opinion regarding the steel producer.
Formosa received widespread public criticism when it was blamed for a chemical spill into the sea in 2016 that caused mass deaths of marine life and public outcry.
Vietnam: A joint venture between Vinaconex Engineering Construction and Investment and Lilama will supply equipment for the Tan Thang cement plant in Nghe An province. The contract is worth US$66m, according to the Viet Nam News newspaper. The new plant will have a cement production capacity of 2Mt/yr. Vinaconex and Lilama will join European companies Bedeschi and FLSmidth on the project.
Phinma Group to import cement from Vietnam
20 April 2018Philippines: Phinma Group plans to buy a cement plant in Mariveles in Bataan and use it as a terminal to discharges exports from Vietnam. President and chief executive officer Ramon del Rosario, Jr added that the site will be operational by May 2019, according to GMA News. The site will be used to import and process 2mt/yr of cement. A deep water port at Mariveles is anticipated to allow Panamax size ships to discharge cement.
Vietnam: Nguyễn Quang Cung, vice chairman of the Vietnam Building Material Association, says that local industry cement exports grew strongly in the first quarter of 2018 due to Chinese cement plants shutting down because of pollution and power shortages. He made the comments at the Vietbuild conference, according to the Viet Nam News newspaper. Local cement production rose by 18% year-on-year in the first quarter and exports rose by 68%.
Cung said that the Chinese government ordered the closure of a series of cement plants from 15 November 2017 to 15 March 2018 due to environmental concerns and a shortage of electricity during the winter. These circumstances turned China, the global clinker exporter in 2016, into an importer of cement at the end of 2017. It has mainly imported clinker from Vietnam, at a volume of 1.5Mt/month. Vietnam’s clinker exports ‘skyrocketed’ in 2017 due to this.
The association expected the country to export 15Mt of clinker in 2017 but it exported nearly 21Mt instead. It also anticipates that plant closures in China will increase in 2018.
Vietnam: Fico Tay Ninh Cement (Tafico) plans to start building a new production line at its plant Tan Hoa, Tan Chau District in mid-April 2018. The US$212m project will have a clinker production capacity of 4000t/day, according to the Viet Nam News newspaper. The project is scheduled to be completed in 2020.
Government asks VICEM to improve operations
05 April 2018Vietnam: Mai Tien Dung, the Minister and Head of the Government Office, has identified ways for the Vietnam Cement Industry Corporation (VICEM) to improve its operations. The measures were drawn up at a meeting with the cement producer, according to the Viet Nam News newspaper. The minister wanted ways to increase Vicem’s local market share, improve corporate governance, streamline its organisational structure, make environmental improvements and increase the quality and competitiveness of its products. He also emphasised the need for the company to coordinate with the transport sector to reduce its logistics costs.
Vietnam: Phuc Son Cement is under investigation for exploiting minerals. An inspection report by the State Audit Office has accused the cement producer of using mineral volumes higher than the amount it was licenced for in 1996, according to the Viet Nam News newspaper and Dantri. The report has been passed to the prime minister and the chairwoman of the National Assembly. The company has also been accused of causing pollution from its mining activities and not cooperating with the authorities over the investigation.
The State Audit Office estimates that Phuc Son Cement could face a US$11.7m fine for illegally exploiting natural resources and causing environmental damage. Phuc Son Cement, a joint venture between Taiwan’s Lucky Cement and a local partner, operates one of the largest plants in the country.
Production continues to soar in February 2018 in Vietnam
13 March 2018Vietnam: 7.62Mt of cement was sold in Vietnam in February 2018, a year-on-year rise of 38%, according to the Vietnam Building Material Association. Of the sum, 5.02Mt were sold domestically, an 11% rise from a year earlier. This included 1.96Mt sold by Vietnam Cement Industry Corporation (VICEM). 2.60Mt of cement were exported, a 30% rise year-on-year.
In January and February 2018, Vietnam sold 18.6Mt of cement, 85% more than in the first two months of 2017. It exported 5.5Mt in the same period, a 121% rise year-on-year. In just two months, the country has produced 22.9% of its whole year target as local demand continues to be outpaced by supply. The country faces a glut of 25 - 36Mt/yr of cement by 2020 if current production and consumption trends continue unabated.
Tata International signs contract with Vissai Cement Group for joint-venture in Vietnam
07 March 2018Vietnam: Tata International Singapore has signed a memorandum of understanding with Vissai Cement Group to form a joint venture company in to use the port of Vinh. The deal is expected to create a distribution network for coal, according to the Press Trust of India. The company will also be responsible for Vissai Cement’s coal imports. The joint-venture is expected to benefit from the port’s location as a key gateway for trade into and out of Laos.