Cement News tagged under: North Asia
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... |
Mixed bag of results for Taiwanese producers in June11 July 2023, Published under Cement NewsTaiwanese cement producers have seen a mixed bag of results for June as well as the opening six months of the year. Universal Cement has reported revenue in June 2023 of TWD604.3m (US$19.26m), up from TWD573.03m in the same month a year earlier. Revenue for the first six months of 2023 came in at TWD3754.7m, compared to TWD3280.9m in the 1H22. Lucky Cement Co also saw its revenue expand in June, coming in at TWD443m, up from TWD334.1m in the same month a year earlier. Revenue for t... |
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... |
Taiwan Cement to diversify to reduce carbon footprint02 June 2023, Published under Cement NewsTaiwan Cement Corp (TCC) expects cement to account for less than half of its sales by 2025 as the revenue from energy storage and vehicle charging businesses increase. However, cement production would remain its core business, said TCC Chairman, Nelson Chang. While the company is expanding into the green energy business in line with global efforts to curb carbon emissions, it would continue to produce up to 80Mta of cement, Mr Chang said. The green energy businesses would help the compan... |
CNBM and GCCA discuss decarbonisation and environmental protection19 May 2023, Published under Cement NewsThe Deputy Secretary of the Party Committee and General Manager of China National Building Materials (CNBM) Group, Li Xinhua, met with Thomas Guillot, CEO of the Global Cement and Concrete Association (GCCA), on 5 May in Beijing for discussions to promote carbon emission reduction in the global cement industry and the low-carbon environmental protection transformation of the cement industry. The two sides discussed in depth the policies, standards, technologies, social culture and othe... |
Universal Cement reports reports lower 1Q profit15 May 2023, Published under Cement NewsTaiwan-based Universal Cement Corp reported revenue of TWD1835m (US$59.4m) in the January-March 2023, up 19.8 per cent when compared with the equivalent quarter of 2022, when revenue was TWD1532m. However, pretax profit more than halved from TWD728.8m in the 1Q22 to TWD315.5m in the 1Q23. Net profit was down 60.6 per cent YoY to TWD272.9m in the 1Q23 from TWD691.9m. |
Taiwan Cement reports 9% increase in April revenues11 May 2023, Published under Cement NewsTaiwan Cement Co reported revenues of TWD9.1bn (US$296.4m) in April 2023, up 9.4 per cent from TWD8.319bn in April 2022. In the first four months of 2023 the company saw its revenue advance by 13.4 per cent to TWD35.462bn from TWD31.265bn in the 4M22. |
Taiwan Cement Group plans green bond04 May 2023, Published under Cement NewsTaiwan Cement Group is planning to issue green bonds through its subsidiary in Europe, marking the first time the group has sold such bonds to finance environmentally-friendly projects. In a statement to the Taiwan Stock Exchange, Taiwan Cement Co (TCC) said its energy storage subsidiary NHOA SA in Italy will sell convertible green bonds with a maturity of five years, aiming to raise EUR250m (US$276m). In July 2021, through its subsidiary Taiwan Cement Europe Holdings BV, TCC acquired... |
China Resources Cement welcomes new CEO19 April 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has appointed Mr Jing Shiqing as its new chief executive officer (CEO), effective from 18 April 2023. Mr Jing is also an executive director and a member of the company’s Strategy & Investment Committee. He joined China Resources Group in July 2003 and served as deputy general manager of the human resources department from May 2018 to March 2021, as a non-executive director of the company from May 2018 to March 2021, and as a non-executive director of ... |