Cement industry suffers losses in Q1


Vicem says said demand fell by 18.73% during the first quarter of the year while input costs rose as much as 15.2 billion dong (RM2.98mil), on top of a higher financial cost of 18.4 billion dong (RM3.6mil) due to interest rate hikes. — Viet Nam News

HANOI: Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter (1Q) of 2023, says industry insiders and experts.

They claimed demand has sharply declined in domestic and export markets while input costs have steadily risen.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: IOIPG, Genting, MRCB, LCTitan, ES Sunlogy, NTPM, Mudajaya, Varia, Destini, A1, Dnex, Tanco
Wall Street closes slightly down on renewed tensions between US, Iran
Foreign worker policy shift to aid Manforce recovery
IEA: Increase in renewable energy curbs 2025 emissions
Exsim Hospitality job wins beat expectations
Siemens warns EU over restrictive rules�
Latest DC job win shores up Gamuda’s outlook
SunCon on track to achieve order-book target
Is it time to abandon hope the Strait of Hormuz will open soon?
Inflation pressures to build as conflict drives up costs

Others Also Read