Cement News tagged under: North Asia
Ultra-fine low-carbon cementitious material developed25 April 2024, Published under Cement NewsResearchers at Anhui Southern Cement Co, China, have developed an ultra-fine low-carbon cementitious material that can be used to improve the properties of concrete and cement. The new material is made from slag powder and fly ash, waste products from the steel and coal industries. This study found that replacing cement with new materials can effectively improve the mechanical properties of concrete. In the cement production process, replacing 15 per cent of cement raw materials with ne... |
Anhui Conch revenue up 7% YoY in 202322 April 2024, Published under Cement NewsAnhui Conch Cement has beaten analyst expectations by posting revenue of CNY141bn (US$19.5bn). This marks a 6.8 per cent increase on the previous year. Net income in 2023 came in at CNY10.7bn, down 33 per cent on 2022, while the profit margin fell 12 per cent YoY in 2023. According to the company, the decline in margin was driven by higher expenses. Earnings per share in 2023 stood at CNY2.02, compared to CNY2.99 in 2022. |
Taiwan Cement Corp to introduce electric tractor units22 April 2024, Published under Cement NewsTaiwan Cement Corp (TCC) will bring Taiwan Transport and Storage Corp's (TTSC) first electric tractor units into operation to transport cement – the first company in the country to use electric vehicles to transport building materials, reports the Taipei Times. TTSC unveiled its first electric tractor unit manufactured by Volvo Trucks in a ceremony in Taipei on 18 April. The company's chairman, Koo Kung-yi, said about 12 per cent of carbon emissions in Taiwan come from the transportation s... |
West China Cement welcomes new CEO17 April 2024, Published under Cement NewsWest China Cement has announced the resignation of Mr Wang Fayin as an executive director of the company, effective from 16 April 2024. It has also named Ms Wang Rui as the new executive director and chief executive officer, also with effect from 16 April 2024. Ms Wang is vice-chair and party secretary of the general branch of Yaobai Special Cement Group Co Ltd, a wholly-owned subsidiary of West China Cement. She has held that role since January 2023 and is responsible for overseeing t... |
Fitch Ratings expects Taiwan Cement to maintain credit profile after earthquake12 April 2024, Published under Cement NewsThe BBB-/Stable credit profile of Taiwan Cement Corp (TCC) is unlikely to be affected by the equipment damage and operational disruption caused by the 3 April 2024 earthquake in eastern Taiwan, according to Fitch Ratings. Repairment costs and lost revenue in relation to the earthquake should not damage TCC's financial profile, as the amounts are immaterial relative to TCC's EBITDA of TWD20bn (US$619.7m) and TWD126bn of cash on hand as of end-2023. The company's preliminary assessment esti... |
China starts public consultation on emissions accounting and verification guidelines09 April 2024, Published under Cement NewsChina is carrying out a public consultation on drafting guidelines regarding emissions accounting and verification for the country’s cement sector until 15 April 2024. This would lay the foundation for the sector’s inclusion in the national compliance carbon market, according to the Ministry of Ecology and Environment. The consultation document only provides instructions for companies how to calculate and report their emissions and for provincial governments to carry out verifications. It ... |
CNBM reports 10% YoY revenue drop04 April 2024, Published under Cement NewsCNBM has reported revenue of CNY210.2bn (US$29.1bn) in 2023, down 10.1 per cent on the previous year. This was primarily attributed to a fall in the group’s basic building materials segment, which was partially offset by an increase in revenue in its engineering technical services segment and an uptick in its new materials segment. Profit attributable to equity holders of the company contracted 52.5 per cent over the same period to CNY3.86bn, while EBITDA declined 14.3 per cent to CNY33.8b... |
Southeast Cement sees 2% YoY revenue increase29 March 2024, Published under Cement NewsTaiwan-based Southeast Cement has reported revenue of TWD2.27bn (US$70.88m), up two per cent on the previous year. Net income in 2023 came in at TWD149.5m, on a par with 2022, while the profit margin declined from 8.3 per cent in 2022 to 6.6 per cent the following year, reportedly driven by increased expenses. Basic earnings per share from continuing operations in 2023 stood at TWD0.26, unchanged from 2022. In the fourth quarter of 2023, ended 31 December, the company recorded total r... |
Anhui Conch sees profit decline in 202321 March 2024, Published under Cement NewsAnhui Conch Cement has reported turnover of CNY140,999m (US$19,588m) in 2023. This compares to CNY132,021m in the previous year. Gross profit declined from CNY27,190m in 2022 to CNY22,364m in 2023, while profit before tax contracted from CNY20,232m to CNY13,869m over the same period. According to the company, profit for the year came in at CNY11,018m in 2023, down from CNY16,357m in 2022. |
West China Cement Ltd announces a 65% drop in net profit20 March 2024, Published under Cement NewsWest China Cement Ltd has reported a 65.3 per cent decrease in its net income from CNY1214.8m (US$168.7m) in 2022 to CNY421.3m in 2023. This came as sales revenue rose slightly by 6.3 per cent rise in sales revenue, from CNY8489.1m to CNY9,020.9m, over the period. As a result, the company’s earnings per ordinary share fell to CNY0.077, down 65.6 per cent from CNY0.224 the year before. Following West China Cement’s poor financial performance, the company has vowed to implement cost c... |