Cement News tagged under: China
Anhui Conch in 2Q23 totals CNY6.8bn23 August 2023, Published under Cement NewsAnhui Conch Cement ’s first-half net profit of CNY6.8bn (US$932m) is lower than expected, falling 32 per cent YoY. The decline is due to lower average selling prices and weak cement demand. Conch still outperformed the industry given that some of its peers delivered a sharper drop in earnings. Morgan Star has lower its 2023-25 earnings forecasts by 18-19 per cent. While Morgan Star still expects a recovery for the sector, it forecast that this would be gradual, given China’s slu... |
A new chapter for China15 August 2023, Published under Cement NewsAfter implementing continuous COVID-19 response measures over the past three years, China re-opened its doors to the world in December 2022. Having been impacted by pandemic-related restrictions as well as domestic and international headwinds, the country is now starting a fresh chapter with new obstacles and opportunities ahead. By Fei (Grace) Chen, China Cement Association, China. In 2022 China’s cement industry experienced one of its most challenging times in years and is now embar... |
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
China Shanshui issues profit warning19 July 2023, Published under Cement NewsChina Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 per cent compared to the same period a year earlier. According to the company, the contraction is due to the lower price of its cement products over the six-month period. |
China starts CCUS focus14 July 2023, Published under Cement NewsThis week China announced the launch of its largest carbon capture, utilisation and storage (CCUS) project for the cement sector to date. The China United Qingzhou Co Ltd's 200,000tpa "Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project" can be considered one of China's early pioneering trials for CCUS. As the largest producer of cement in the world, China is not expected to achieve peak CO 2 emissions until 2027. However, with China's leading engineer... |
China United Qingzhou Co launches China's largest CCUS project12 July 2023, Published under Cement NewsOn 28 June 2023, the China United Qingzhou Co Ltd’s 200,000tpa Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project was successfully launched. This project is currently the largest carbon capture and utilisation project in the China cement industry, the first of its kind in Shandong province, and the first cement sector carbon capture and utilisation project of China National Building Materials Group. The investment has been listed as one of the first... |
China Resources Cement Holdings issues profit warning12 July 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has issued a profit warning for the six months ended 30 June 2023. According to the company, it expects to report a 63-38 per cent contraction in profit attributable to the owners, compared to the same period in the previous year. The decline is being attributed to lower selling prices of the group’s products over the six-month period, along with lower sales volumes over the same timeframe, compared with the first six months of 2022. The drop is also be... |
Samson win Chinese EcoHopper order23 June 2023, Published under Cement NewsOne SAMSON Eco Hopper type EH60 has been successfully tested and put into operation for bulk material loading and unloading in China. Thanks to the environmentally friendly design and the installed filter systems it makes an important contribution to the reduction of dust emissions during ship loading and unloading processes. Mr Gang Gong, the managing director of AUMUND China, says: “The customer is very satisfied with the Eco Hopper unit and is interested in taking our working rel... |
Cemento Panam installs new MVR mill in Dominican Republic02 June 2023, Published under Cement NewsCemento Panam , part of the Estrella Group, is to install a state-of-the-art MVR vertical mill from Gebr Pfeiffer at its plant in the Dominican Republic. This marks the first such mill to be installed in the country. The MVR 3750 C-4 mill will be equipped with a latest generation SLS 4000 VC classifier and will grind several blended cements at up to 155tph to finenesses up to 4800 cm²/g (Blaine). The order will be handled by the Chinese general contractor CBMI. |
Cement production growth fuels record-high emissions in China23 May 2023, Published under Cement NewsA 4.1 per cent YoY increase in China’s cement production in the first quarter of 2023 has contributed to a four per cent rise in the country’s CO 2 emissions, marking a record high for the first quarter of a year. According to Carbon Brief, the uptick was driven by a economic rebound following the end of China’s zero-COVID-19 policy, which led to oil consumption advancing by 5.5 per cent, coal consumption up by 3.6 per cent and gas use expanding by 1.4 per cent. Steel production also re... |