Maintaining exports critical to cement industry this year According to Nguyen Quang Cung, President of the Viet Nam Cement Association, two new cement projects would go into operation this year, one in Tan Thang Commune, the central province of Nghe An with a capacity of 2-2.5 million tonnes per year, and one in Bim Son Commune, Thanh Hoa Province with a capacity of 4.6 million tonnes. This would give the domestic cement industry total production capacity of more than 100 million tonnes, while local demand was estimated at around 70 million tonnes. “Maintaining exports would be critical for the cement industry this year,” Cung said. The Ministry of Construction forecast that cement sales would increase by around five per cent to reach 103 million tonnes in 2020, around 70 million tonnes of which would be sold to the domestic market. According to Cung, domestic cement sales were anticipated to remain sluggish this year due to stagnant construction of infrastructure projects and the slowdown of the property market. The association also predicted a five per cent growth rate for the cement industry in 2020. Regarding exports, Cung said that cement export volume would be around 34 million tonnes this year but… Read full this story
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