The cement production industry may face increasing pressure from an anticipated excess of supply over demand, although the industry posted good sale results this year. The Ministry of Construction estimated cement and clinker sales at 95-96 million tonnes for the full year of 2018, up by 12 per cent over the previous year. For 2019, sales of cement and clinker are expected to post a year-on-year increase of 6-8 per cent to reach 98-99 million tonnes. According to the ministry, the total production capacity of the cement industry would reach 101.74 million tonnes in 2019, after two production lines are put into operation, bringing the total number of lines to 84 throughout the country. The Viet Nam Cement Association previously estimated that upgrades and new investments would increase the production capacity of the industry to 120-130 million tonnes by 2020, while demand, including both domestic sales and exports, would be around 30 tonnes lower. Recently, Prime Minister Nguyen Xuan Phuc asked the Ministry of Construction and the Viet Nam Cement Industry Corporation to review and report on the production capacity of the industry, new investments and market demand. Exports Sales of cement and clinker in January – November far exceeded… Read full this story
- Japanese and American Automobile Markets Trends - An Insight Why American Companies Losing
- In With the Nu
- The Building of the Great Pyramid
Domestic cement industry to face more pressure have 228 words, post on bizhub.vn at December 3, 2018. This is cached page on Talk Vietnam. If you want remove this page, please contact us.