Enterprises join hands to export cement to South Africa

It is expected that in October 2024, Cam Pha Cement Joint Stock Company and Vicem Ha Long Cement Joint Stock Company will export 40,000 tons of industrial PCB40 cement to the South African market.

Cam Pha Cement and Ha Long Cement sign cooperation agreement for joint development.

Cam Pha Cement Joint Stock Company and Vicem Ha Long Cement Joint Stock Company signed a cooperation agreement on the export of cement and clinker.

Prior to this, the two companies held discussions to share experiences and support each other in developing effective cooperation strategies for exporting cement and clinker. After detailed discussions, Cam Pha Cement and Vicem Ha Long reached an agreement to sign a cooperation agreement for the export of cement and clinker.

Accordingly, it is expected that in October 2024, Cam Pha Cement Joint Stock Company and Vicem Ha Long will begin exporting 40,000 tons of industrial PCB40 cement to the South African market. Of this amount, Cam Pha Cement will supply 20,000 tons and Vicem Ha Long will supply 20,000 tons.

Colonel Tran Quang Hung, General Director of Cam Pha Cement Joint Stock Company, shared: "Cam Pha Cement has the advantage of a geographical location, situated on the shores of Bai Tu Long Bay, along with a modern seaport system, making it convenient for waterways to access and import/export goods. This is an important starting point for cooperation between Cam Pha Cement and Vicem Ha Long."

The cooperation agreement between Cam Pha Cement and Vicem Ha Long represents the collaboration of two entities with distinct strengths, creating a shared advantage. Both companies expect this partnership to continuously expand and grow stronger over time, with the goal of fulfilling large orders for other international markets.

Cam Pha Cement Joint Stock Company owns a cement plant with a capacity of 2.3 million tons of cement per year in Quang Ninh and the Cam Pha Cement Grinding Station in My Xuan A Industrial Park, Ba Ria Vung Tau province. Meanwhile, Vicem Ha Long has a production plant in Ha Long, Quang Ninh and a grinding station located in Hiep Phuoc Industrial Park, Nha Be, Ho Chi Minh City.

In the context of declining domestic cement consumption due to a sluggish real estate market, and difficulties in exports due to reduced imports from Vietnam by China, manufacturers strengthening their cooperation to seek export orders and find outlets for their products will help accelerate sales.

In the first eight months of 2024, cement exports across the entire industry reached 20.5 million tons, valued at $790 million, a decrease of 3.5% in volume and 14.4% in value compared to the same period last year.

Source: https://baodautu.vn/doanh-nghiep-bat-tay-cung-xuat-khau-xi-mang-sang-nam-phi-d224708.html