Cement business: Bankruptcy adjacent
TBKTSG) - At least three cement plants were the investors sell to get money to pay debts. Lots of other cement companies financial situation is tense as strings. In industry, the term "bankruptcy" is being told to the insiders, while just over a year ago, many businesses want to invest in cement.
When developing a business plan for 2011 at the end of the year last, the Corporation Vietnam cement Industry (Vicem) anticipated difficulties are waiting in front, only the profit target set at 1,251 billion VND (nearly 350 billion reduction over 2010 and about 883 billion compared with 2009). The member units of the corporation dared not expect much on the increase consumption, so it just made a revenue increase of about 5-10%. That plan is now bankrupt. VICEM issues and members are facing is how to not incur losses and have revenues sufficient to pay debt. But watch out for solving this problem is not easy.
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