Cement exports tipped to expand
Twelve new cement plants would become operational this year, with a
capacity to supply 10.18 million tonnes annually, said the head of the
association's secretariat, Nguyen Van Diep. This would increase the
total capacity of the domestic industry to 60 million tonnes, Diep said.
Since domestic demand has been forecast to rise 10
percent over last year to about 55-56 million tonnes, most of the
additional capacity would be exported, he said.
In an
attempt to find new export markets, the Ministry of Construction has
urged cement manufacturers to look for potential markets in Bangladesh ,
the Middle East and Africa .
It has also worked with the
association to help cement producers nationwide apply more advanced
technology to reduce input costs.
Cement prices have
remained stable since the end of last year, at 900,000 VND-1 million VND
(46-51 USD) per tonne in the north, and 1.2-1.3 million VND (61.5-66.5
USD) in the south, Diep said. However, prices could be affected by
rising electricity and coal prices, he cautioned.
There
are currently 90 firms nationwide producing or trading cement. Of these,
33 are subsidiaries of the State-owned Vietnam Cement Industry
Corporation, five are foreign-invested joint ventures and 50 are smaller
producers./.