Oversea market is viewed as a potential solution for Vietnamesecement producers as supply still exceeds demand and the domestic marketoutlook remains grim, industry insiders have said.
Hoang ManhTruong, Chairman of the board of the Vissai Ninh Binh Group, said hisgroup boosted cement exports last year, according to the VietnamInvestment Review.
The Chairman of Vissai Ninh Binh Group, abig private economic group, with cement production as one of its corebusinesses also said his group had successfully exported cement andclinker to many oversea clients, fetching 54-60 USD per tonne.
He said that last year although domestic consumption was low, the group reached its sales target of 6.2 million tonnes.
VietnamCement Industry Corporation (Vicem), which holds a 38 percent marketshare, exported 2.3 million tonnes of cement and clinker last year, a7.8 percent increase year-on- year.
Chairman of the board of Vicem Luong Quang Khai said exports would help ease oversupply pressures.
“Exportswill help reduce surplus inventories and attract foreign currencies. Atcurrent the clinker and cement export prices stand at 38 USD and 55 USDper tonne respectively. And at these selling price rates Vicem can getback its production cost plus a little profits,” he added.
The group aims to export 2.6 million tonnes of both clinker and cement this year.
At present Vietnam has 106 cement factories nationwide.
TheMinistry of Construction (MoC) estimates cement consumption will reach62-63 million tonnes this year, a mere 1.5-3 percent increase comparedto 2013. It announced an export goal of 14 million tonnes, the sameexport volume of last year.-VNA
Hoang ManhTruong, Chairman of the board of the Vissai Ninh Binh Group, said hisgroup boosted cement exports last year, according to the VietnamInvestment Review.
The Chairman of Vissai Ninh Binh Group, abig private economic group, with cement production as one of its corebusinesses also said his group had successfully exported cement andclinker to many oversea clients, fetching 54-60 USD per tonne.
He said that last year although domestic consumption was low, the group reached its sales target of 6.2 million tonnes.
VietnamCement Industry Corporation (Vicem), which holds a 38 percent marketshare, exported 2.3 million tonnes of cement and clinker last year, a7.8 percent increase year-on- year.
Chairman of the board of Vicem Luong Quang Khai said exports would help ease oversupply pressures.
“Exportswill help reduce surplus inventories and attract foreign currencies. Atcurrent the clinker and cement export prices stand at 38 USD and 55 USDper tonne respectively. And at these selling price rates Vicem can getback its production cost plus a little profits,” he added.
The group aims to export 2.6 million tonnes of both clinker and cement this year.
At present Vietnam has 106 cement factories nationwide.
TheMinistry of Construction (MoC) estimates cement consumption will reach62-63 million tonnes this year, a mere 1.5-3 percent increase comparedto 2013. It announced an export goal of 14 million tonnes, the sameexport volume of last year.-VNA
