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NGHI SON CEMENT CORPORATION

Active

Business ID 2800464741

84-237 / 386 2013 / 386 2017

NGHI SON CEMENT CORPORATION

Active

Business ID 2800464741

84-237 / 386 2013 / 386 2017

NGHI SON CEMENT CORPORATION

Active

Summary

Name:

NGHI SON CEMENT CORPORATION

Business ID (TIN):

2800464741

Date of Registration:

30 Jun 2011

Registered Office:

Thanh Hoa Province Department of Planning and Investment

Address:

Hai Thuong Ward, Nghi Son Town, Thanh Hoa Province, Vietnam

Phone:

84-237 / 386 2013 / 386 2017

Fax:

(84-237) 386 2015

Financial Statement:

2020, 2021, 2022, 2023, 2024

NGHI SON CEMENT CORPORATION (CÔNG TY XI MĂNG NGHI SƠN) is one of Vietnam’s largest foreign-invested companies in the cement industry. Established on June 30, 2011, and legally registered with the Thanh Hoa Department of Planning and Investment under Business ID and Tax Code 2800464741, the company is strategically located in Hai Thuong Ward, Nghi Son Town, Thanh Hoa Province, close to seaports and raw material sources.

The company operates under a limited liability structure and is jointly owned by two major shareholders: NM Cement Co., Ltd (Japan, 65%) and Vietnam National Cement Corporation (Vicem, 35%). With a substantial charter capital of over USD 154 million, fully paid, NGHI SON CEMENT CORPORATION employs 625 people and operates across multiple sites in Thanh Hoa, Hanoi, Ho Chi Minh City, and Khanh Hoa.

Despite its scale, 2023 was a challenging year for NGHI SON CEMENT CORPORATION. Total revenue reached USD 236.05 million, down 3.26% from 2022. Even more concerning, the company posted a net loss of USD 5.65 million, a sharp reversal from prior profits and a -284.12% drop in bottom-line performance year-over-year. This follows a multi-year decline in profitability despite relatively stable revenues. At the same time, total assets decreased by 5.1% and owner’s equity declined to USD 265.93 million, signaling a tightening financial position.

These figures highlight the pressures facing the cement sector amid rising energy costs, tightening construction demand, and competitive market pricing. While NGHI SON CEMENT CORPORATION maintains a strong capital base and operational infrastructure, its declining profitability underscores the need for cost control and market adaptation.

For suppliers, lenders, and investors, this company remains a critical player but also a case where risk monitoring is essential. To obtain a detailed evaluation of NGHI SON CEMENT CORPORATION’s creditworthiness, debt obligations, and operational risks, contact Vanguard Business Information LLC (VBI). Our financial analysts provide verified business intelligence to help partners make informed decisions in Vietnam’s capital-intensive industrial sectors.

Legal Profile

English Name:

NGHI SON CEMENT CORPORATION

Vietnamese Name:

CÔNG TY XI MĂNG NGHI SƠN

Short Name:

CÔNG TY XI MĂNG NGHI SƠN

Business ID (TIN):

2800464741

Date of Registration:

30 Jun 2011

Registered Office:

Thanh Hoa Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ ICHIZAWA K

+ PHAM D.T

Address:

Hai Thuong Ward, Nghi Son Town, Thanh Hoa Province, Vietnam

Phone:

84-237 / 386 2013 / 386 2017

Fax:

(84-237) 386 2015

Branch:

Room 801, 8th Floor, Sun Red River Building, No. 23 Phan Chu Trinh, Hoan Kiem District, Ha Noi City, Vietnam

Branch:

Room 05, 3rd Floor, Riverbank Place, No. 3C, Ton Duc Thang Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Other:

My A Quarter, Le Hong Phong Street, Ninh Thuy Ward, Ninh Hoa Town, Khanh Hoa Province, Vietnam

Other:

Song Hau Industrial Park, Dong Phu Commune, Chau Thanh District, Hau Giang Province, Vietnam

Other:

Hai Thuong Ward, Nghi Son Town, Thanh Hoa Province, Vietnam

Business Sector

Key business lines:

VSIC:

2394 Manufacture of cement, lime and plaster

NACE:

23.5 Manufacture of cement, lime and plaster

Industry Sales Growth

CAGR (2019 - 2023)

-5.33%

YoY (2023)

-7.46%

Companies by industry

Company distribution and propportions

679

0.0234%

Key Industry Players

Top 10 companies in manufacture of cement, lime and plaster industry

chinfon cement corporation nghi son cement corporation siam city cement (vietnam) limited vicem ha tien cement joint stock company vicem hoang thach cement company limited vissai ninh bình joint stock company long son company limited song lam cement joint stock company xuan thanh cement joint stock company thanh thang group cement joint stock company

Payment History

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Financial Performance

Assets	-72.95%
Owner’s Equity	17.65%
Working Capital	-79.00%
Net Worth	-41.63%
Sales	96.49%
Operating income	-35.51%
EBIT	-74.93%
Gross Profit Margin	-72.24%
Debt to EBITDA	81.61%

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Specific Questions About NGHI SON CEMENT CORPORATION

When did NGHI SON CEMENT CORPORATION start operating?

NGHI SON CEMENT CORPORATION was started in 30 Jun 2011

What industry does NGHI SON CEMENT CORPORATION operate in?

NGHI SON CEMENT CORPORATION is operating in "Manufacture of cement, lime and plaster" industry

How can I contact NGHI SON CEMENT CORPORATION?

NGHI SON CEMENT CORPORATION phone numbers is 84-237 / 386 2013 / 386 2017

What adverse news is there about NGHI SON CEMENT CORPORATION?

NGHI SON CEMENT CORPORATION’s has no negative news

What is stock symbol of NGHI SON CEMENT CORPORATION?

NGHI SON CEMENT CORPORATION is not listed company

Where is the location of NGHI SON CEMENT CORPORATION?

NGHI SON CEMENT CORPORATION is located at Hai Thuong Ward, Nghi Son Town, Thanh Hoa Province, Vietnam

What is NGHI SON CEMENT CORPORATION’s business registration?

NGHI SON CEMENT CORPORATION business registration is 2800464741

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