Great efforts to overcome difficulties

In the first nine months of 2023, the company faced a decline in both domestic sales and exports. The company has tightened production management to meet the market demand. In early 2023, cement sales decreased due to the Lunar New Year holiday. In early September, the company stopped the operations of kiln No.2 for repair and maintenance to reduce the number of products in stock. After repair and maintenance, kiln No.2 has resumed operations, ensuring the quality of cement products.

Along with tightening production management, the company has taken various measures to prevent waste, save costs, increase labor productivity and product sales.

The company expects to sell 638,081 tonnes of cement in 2023 to create an annual revenue of VND662.557 billion

In 2023, the company continues its efforts to reduce input costs and improve the capacity of major equipment items which consume large amounts of power. The cement grinding capacity is maintained at 160 tonnes per hour or higher. The company avoids operating its equipment during the peak hours while using new additives in an effort to minimize power consumption and reduce production costs.

The company expects to sell 638,081 tonnes of cement in 2023 to create an annual revenue of VND662.557 billion and a pretax profit of VND58.056 billion. The average salary of its staff members and workers is projected to reach VND12.084 million per person per month.

To achieve the targets for 2023, the company is tightening the management of market areas in an effort to strengthen customer trust and product reputation.

While other cement companies have to offer continuous price reductions and discounts to maintain their market shares, the VVMI La Hien Cement Joint Stock Company still sell its products at higher prices compared with other cement companies in the same market areas. The company keeps on analyzing the market situation and considering the most suitable pricing policy, not competing with other cement companies in reducing prices. At the same time, it continues to improve the quality of bulk cement products and pays greater attention to aftersales services to better meet customer demand. Marketing activities will be intensified for company products to access new markets.