Vietnamese cement company exports more than 31,000 tons of products to US

In the middle of May 2023, the ship Eternity C received 31,500 tons of cement from Nghi Son Cement Factory port for export to Stockton Port, the US.
aa
Vietnamese cement company exports more than 31,000 tons of products to US
Nghi Son Cement exports 31,500 tons of products to the US market (Photo: VGP)

This was the first shipment of Nghi Son Cement Company to export to the US market, one of the most selective markets in the world.

This shipment also marked the success in the export field of Nghi Son Cement Company, affirming the export capacity of this enterprise with the ability to meet the highest technical requirements, receiving ships of large load and able to reach many markets around the globe.

At Nghi Son Cement Factory, all stages of production and product quality control are supervised by Japanese experts. Nghi Son Cement fully meets international standards such as American standard ASTM, European standard BS EN, and GB standard.

The dedicated port of Nghi Son Cement Company with a modern delivery system can receive ships of 37,000 tons, always ready to meet the needs of transporting cement for export to many markets.

Cement exports fell sharply last year and continued to decline in the first 4 months of 2023. The total export volume of cement and clinker reached 10.25 million tons, worth USD445 million, down 25.8% from the same period.

Cement and clinker are mainly exported to Asian markets, such as the Philippines, Bangladesh, Malaysia, and China. However, the export situation has been getting more and more difficult since January 1, 2023, when the clinker export tax increased from 5 to 10%, while the Philippine market imposed a defensive tax on some Vietnamese enterprises.

The fact that Nghi Son Cement had an order to export to the US will pave the way for many subsequent shipments to this market. Before Nghi Son, a few Vietnamese cement enterprises exported to the US such as The Vissai Group.

This March, the Ho Chi Minh City-based Lotus Cement & Commodities Trading Corporation completed an order to export 55,000 tons of cement to Central America.

Nghi Son Cement is a joint venture between Vietnam Cement Corporation (Vicem) and two Japanese multinational corporations, Taiheiyo Cement (TCC) and Mitsubishi Materials (MMC), with a total production capacity in the main plant of 4.3 million tons per year./.

en.dangcongsan.vn

Đọc thêm

Heineken to shift production from Singapore to Vietnam and Malaysia

Heineken to shift production from Singapore to Vietnam and Malaysia

Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Lynas secures Vietnam metal processing deal with LS Eco Energy

Lynas secures Vietnam metal processing deal with LS Eco Energy

Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre

Warburg Pincus eyes participation in Vietnam International Finance Centre

Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam

Novatek eyes expanded LNG cooperation in Vietnam

As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties

NIC partners with TU Berlin to boost Vietnam innovation ties

The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary

ACB proposes $20 million non-life insurance subsidiary

Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
Xem thêm