Cement News tagged under: CNBM
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... |
Arabian Cement to penalise CNBM on Rabigh project26 February 2024, Published under Cement NewsArabian Cement Co has confirmed that it will impose a delay damage penalty of five per cent on CNBM International Engineering Co for the Saudi cement producer’s new mills at its Rabigh plant. According to Zawya, the cement manufacturer first awarded the SAR362m (US$96.5m) engineering, procurement and construction (EPC) contract to CNBM in April 2015. Although the new cement mills are now completed, the project has been delayed due to discussions between CNBM and Sinoma Overseas Devel... |
CNBM profit to fall 65% in 202331 January 2024, Published under Cement NewsChina National Building Materials (CNBM) has issued a profit warning for 2023, reports MarketScreener. According to the company, unaudited profit attributable to the equity holders of CNBM is forecast to decline by 65 per cent in 2023, compared to the previous year. The contraction is being attributed to a fall in the sales price of cement, commercial concrete and glass fibre, and lower sales volumes of cement and commercial concrete. The company has also noted a decline in performance... |
CNBM issues 9M23 profit warning18 October 2023, Published under Cement NewsChina National Building Material (CNBM) has issued a profit warning for the opening nine months of 2023. According to Reuters, the company expects to report a 70 per cent YoY contraction in profits over the nine-month period. The decline has been blamed on falling cement prices. |
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... |
Bekabadcement carries out plant modernisation08 June 2023, Published under Cement NewsUnited Cement Group (UCG) is undergoing a large-scale modernisation of its JSC Bekabadcement plant to transform it into a modern high-tech plant. Since the start of the modernisation, the plant has installed modern Unitherm burners, equipped all heat exchangers with new components from CNBM Beijing Triumph, connected a new fourth-generation cooler KC 4.1-0955 from BTIEC and re-launched a rotary kiln with a new lining. One of the stages of the modernisation is an overhaul of the we... |
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... |
CNBM reports 17% drop in sales in 202227 March 2023, Published under Cement NewsChina National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Net income over the same period fell from CNY17.094bn to CNY8.650bn, while basic earnings per share declined from CNY1.932 to CNY0.944. Net profit fell to CNY7.96bn in 2022 compared to CNY16.3bn in 2021, down 51 per cent YoY. According to the company, cement production contracted 10.5 per cent to a decade-low of 2.13bt ... |
Schneider Electric and Nanjing Kisen sign strategic partnership agreement08 February 2022, Published under Cement NewsSchneider Electric has signed a long-term cooperation agreement with Nanjing Kisen (CNBM) to progress the operational efficiency of intelligent cement plants through innovative digital modernisation in alignment with UN Sustainability Goals, The strategic partnership agreement will accelerate the digital transformation of cement plants and enterprises in China, and beyond, leveraging their shared strengths in advanced digital technologies for energy and resource efficiency. U... |
AVIC & KHD win Chinese NOx reduction order15 October 2021, Published under Cement NewsAVIC INTL Beijing and KHD have successfully signed an EPC contract with China United Cement Baoding Co Ltd, for another NO x -reducing modification of a 5000tpd clinker production line in China. AVIC INTL Beijing will serve as EPC contractor, while KHD will supply the Pyroredox equipment as the core technological solution. This project is the 13th production line in China that implements KHD’s Pyroredox gasifying reactor to achieve sustainable NO x emission reduction. The plant modificat... |