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Cement industry turns to foreign markets
The cement industry is turning to foreign markets as the local one is facing a future over supply. It is estimated that by 2020 the industry’s producing capacity will be 115 million tonnes per year, meaning 30-35 million tonnes of redundancy.
Since early this year, Ha Tien Joint Stock Company exported 16,000 tonnes of cement to Cambodia, while Cam Pha Joint Stock Company shipped 12,500 tonnes to Mozambique in late March.
Cam Pha company has also introduced its product to several European, Middle-east, African and Latin American countries.
Meanwhile, Hoang Mai company plans to soon export cement to African and Middle-east countries.
However, experts warn exporters of high shipment fees and consideration for reduction of domestic expenses because no country in the world produce cement for export. They export the product only incase of oversupply in the domestic market, according to experts.
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