Huangshi Cement maintains profit levels

Financial

Huangshi Cement maintains profit levels

14 December, 2020

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This is despite sagging demand in the Vietnam cement market.[$]

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Despite facing many difficulties due to the price of raw materials for production inputs increase (up 60% coal, petroleum by 43%, electricity up 20.7%, casing cement 23.5%, exchange rate foreign currency and interest rate increases) and the competition from the brand of cement venture outside Vicem as Phuc Son, Thang Long, Ha Long and Cam Pha ... but with the experience and reputation in more than 30 years cement manufacturing sector, the Hoang Thach Cement Company Vicem has striven and achieved impressive results in 2011. Production and consumption of 4260 thousand tons of cement increased 100.7% compared to last year turnover reached 4675.94 billion, with 120.7% compared to last year reached 405.63 billion profit; the budget 151.39 billion by 122% compared to 2010. After 33 years of operation, Huangshi has provided the country nearly 60 million tons of high quality cement lion brand, a symbol of stability and safety. Blue cement products
Huangshi has been in the works of national importance.

Financial