On the occasion of Lunar New Year 2023, Chinfon Cement Corporation have given 500 gifts to the poor and the people in difficulties in Minh Duc town, Minh Tan and Gia Duc communes, Thuy Nguyen district, Hai Phong city.

Entering the last months of the year, in contrast to previous years, cement consumption demand tended to slow down due to construction projects boosted the purchase of construction materials last month. On the other hand, the purchasing power of the market was somewhat reduced due to limited cash flow and economic difficulties in the residential area.

The decrease in the quantity of cement and clinker export in 2022 is not surprising, but had been forecasted by experts in advance. Consumption of cement in the domestic market is slow, cement exports are weak, leading to a serious oversupply situation causing difficulties for businesses in the cement industry.

Từ ngày 07/11/2022 đến ngày 18/12/2022, Xi măng Chinfon mang chương trình khuyến mãi siêu hot đổ bộ 8 tỉnh/thành miền Trung và Nam Bộ bao gồm Đà Nẵng, Quảng Nam, Quảng Ngãi, Phú Yên, Lâm Đồng, Đồng Nai, Hồ Chí Minh và Vũng Tàu với tên gọi CÀO THẺ NHẬN MÃ - RƯỚC QUÀ VỀ NHÀ. Những phần thưởng siêu giá trị nhằm tri ân và mang cơ hội may mắn trúng giải hơn đến với nhiều khách hàng tại miền Nam và miền Trung.

Information from VietNam Cement Association showed that high price levels, low progress or in-difficulty situation of large infrastructure projects cause the market of building materials to show signs of slowing down. Difficulties in consumption, high inventory are common problems of construction material enterprises today.

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According to data released by the World Cement Association (WCA), global cement production fell 8% year-on-year to 1.9 billion tons in the first six months of 2022. WCA belived the global decline due to the volume of cement produced in China decreased by 15% to 977 million tons. Ian Riley, Executive Director of WCA, said China's decline was the largest in more than 20 years, larger than any decline ever recorded.

The imbalance of supply and demand is still a hot story of the cement industry. This problem is even more worrying when in recent months, the export channel has continuously declined, domestic consumption has almost stagnated, while production costs have increased too much, posing a great threat to the operation of many cement plants.