[Original] Vietnam's Cement Exports Increase

2013-12-20 13:45:23

In the past 11 months of 2013, Vietnam exported 12.45 million tons of cement and clinker, accounting for nearly 63% of the year-on-year growth.

In the past 11 months of 2013, Vietnam exported 12.45 million tons of cement and clinker , accounting for nearly 63% of the year-on-year growth.

Tran Van Huynh, chairman of the Vietnam Building Materials Association (VCMA), said that because of the low price of cement in Vietnam and some neighboring countries , there is a surplus of cement stocks, so exports are the most effective way to solve this problem.

In the first 11 months of Vietnam, total cement sales increased by nearly 13% year-on-year to 55.17 million tons.

The Ministry of Construction estimates that sales of the cement sector this year are likely to reach 60.5 million tons, an increase of 4.5 million tons over the expected target of 56 million tons.

VCMA estimates that domestic demand for cement will decrease from an estimated 75-76 million tons to 60-65 million tons by 2015.

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Correlation

[Original] Vietnam Will Increase Exports to Ease Domestic Overcapacity

In order to alleviate domestic overcapacity, sluggish demand and severe market situation, Vietnam's cement producers will give priority to exports in 2014. It is estimated that the excess capacity will reach 8 to 12 million tons in 2014.

2014-02-14 14:24:12

[Original] Vietnam's Cement Exports Increase

In the past 11 months of 2013, Vietnam exported 12.45 million tons of cement and clinker, accounting for nearly 63% of the year-on-year growth.

2013-12-20 13:45:23

CEMPI

94.56

-0.13 -0.14%

CONCPI

88.61

-0.01 -0.01%

CLKPI

98.12

0.00 0.00%

SPPI

44.43

-0.02 -0.04%

MORPI

73.32

0.00 0.00%

Ningxia Building Materials Chief Financial Officer Liang Qi Resigned

On June 29, Ningxia Building Materials announced that the board of directors of the company had recently received the resignation report of Chief Financial Officer Liang Qi, who applied to resign from the post of Chief Financial Officer of the company because he had reached the legal retirement age and would no longer hold any position in the company after his resignation. The resignation report of Liang Yan shall take effect from the date of delivery to the board of directors of the company. In order to ensure the normal development of the company's financial work, before the board of directors appoints a new chief financial officer, Jiang Minggang, the president of the company, acts as the chief financial officer.