Cash flow issues have been noted as a risk for local cement producers struggling to create enough revenue to continue operations. Output, local consumption and exports are now all falling, with raw material costs rising and no improvement forecast for the real estate in the short-term, according to local press. Examples of cement companies reporting a loss include Quang Ninh Cement in the fourth quarter of 2022. An estimate by the Quang Ninh Tax Department also showed that the company owed more than US$4.0m in July 2021, making it the largest debtor in the province's building materials industry. Quang Son Cement, based in Thanh Hoa province, also reported an after-tax loss of US$13.5m in 2022.
展开▼
