Friday, August 6, 2010

VIETNAM: Cement supply exceeds demand

During the first seven months this year, Vietnam’s cement producers turned out 28.9 million tonnes or 57.8% of this year’s target while the sales reached only 27.92 million tonnes, or 55.8% of this year’s plan.



In July, due to impacts from natural disaster, the cement consumption decreased strongly, reaching only 3.72 million tonnes.



In 2010, the demand of cement will be about 50-51.5 million tonnes, up 11% compared to last year, the Ministry of Construction estimated.



As planned, Vietnam Cement Industry Corp will produce and sell about 18-18.5 million tonnes; 15-15.5 million tonnes will be made by joint venture companies and 17-17.5 million tonnes from blast furnaces in localities.

No comments: