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.