Cement News tagged under: China

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China reports 2% rise in cement production for 2020

26 January 2021, Published under Cement News

China’s National Bureau of Statistics (NBS) has reported a 1.6 per cent YoY rise in cement output to 2.377bnt for 2020. The construction of 3203 projects started across the country in December 2020, with a total investment of CNY2.69trn (US$415.6bn). Cement prices in China are also expected to maintain stable in 2021 due to improving supply-demand relations, according to Xinhua News. Many local authorities have now set a goal for infrastructure construction this year. Hubei Province...

Rising to the challenge

25 January 2021, Published under Cement News

The COVID-19 pandemic has changed the way we live and the way we work. CBMI has successfully navigated the impact of the crisis by progressing with construction of the Kalambaina Cement Plant Line 3 project for BUA Group in Nigeria, and continuing operation and maintenance contracts for the producer. By Xintao Zhao, Bao Tian, Xiaolong Li, Ban Ding, CBMI Construction Co, Ltd, China. Kalambaina Cement Plant Line 3 site view, pictured in March 2020 Learning to live and work with co...

Vietnam sees exports rise 14% in 2020

20 January 2021, Published under Cement News

Vietnam exported over 3.6Mt of cement and clinker worth US$135m in December 2020, up 15.3 per cent MoM in volume and 10.8 per cent YoY in value, according to the General Department of Customs. During the full year, the country earned US$1.43bn from exporting 38.4Mt of such products, up 3.2 per cent and 13.7 per cent YoY, respectively. China was the biggest importer of Vietnamese cement and clinker in 2020, importing 22.2Mt worth US$759.4m, accounting for 57 per cent of the total export...

Huaxin Cement announces profit decline for 2020

14 January 2021, Published under Cement News

China’s Huaxin Cement expects its net profit to decrease by 9-14 per cent YoY in 2020, compared to CNY6.3bn (US$974m) in the previous year, according to preliminary calculations by the company’s financial department. The company’s performance last year has been attributed to the severe impact of the pandemic in the first half and the large-scale flooding of the Yangtze River in July. Prices also declined, negatively impacting operating income. However, in the third and fourth quarters of...

MIIT raises old-capacity elimination levels in China to enable new capacity projects

18 December 2020, Published under Cement News

China has unveiled stricter draft rules for new cement plants, increasing the amount of old capacity that producers need to retire as they propose new capacity. The tougher regulations intensify a three-year-old programme intended to reduce CO 2 emissions. Under the new rules, cement producers must retire at least 2t of outdated capacity for every tonne of new capacity in areas classified as environmentally sensitive, up from the current 1.5:1 ratio, says the Ministry of Industry and I...

China Shanshui Cement sees operating revenue decline 5%

27 October 2020, Published under Cement News

China Shanshui Cement has seen its profit attributable to shareholders decline 6.7 per cent YoY to CNY2.33bn (US$346.97m) for the nine months ended 30 September 2020. Operating revenue also decreased 4.6 per cent YoY to CNY15.31bn in the 9M20.

CemProspects reports major developments in petcoke and freight

08 October 2020, Published under Cement News

The CemProspects online conference continued yesterday by considering the major developments for the freight and petcoke markets going forwards. Starting with freight, Guy Hindley of Howe Robinson noted that the orderbook for the dry bulk fleet has fallen to 61mdwt – a low which has not been seen since 2005. Dry bulk trade is expected to reach 6.2bnt in 2020, with petcoke and cement representing 12.5 per cent of the total. The recovery of cement and petcoke trade in 2020 has supported the...

CemProspects considers important energy markets

07 October 2020, Published under Cement News

After moving online this year, CemProspects 2020 began yesterday by looking at energy markets of importance to the cement sector. The first day of the session provided a considerable overview of the coal market. Carlos Alvarez Fernandez, International Energy Agency (IEA), considered the fundamentals and delivered an outlook that noted the considerable effects of the COVID-19 pandemic. Global energy demand is expected to drop six per cent in 2020, which will be the largest fall in 70 years....

Anhui Conch works with China Telecom and Huawei to roll out 5G smart plant

05 October 2020, Published under Cement News

A 5G end-to-end smart factory system developed by China Telecom and Huawei is enabling Anhui Conch to reduce its energy consumption and increased its productivity, resource utilisation and profitability, according to Conch Group Deputy General Manager, Hé Chengfa. It has taken two years to develop and implement the smart factory concept, with the first going into production in Chuzhou, Anhui province. "The cement factory has been transformed into a smart factory end-to-end," said Mr Hé...

West China Cement provides update on cement project

28 September 2020, Published under Cement News

Following West China Cement’s acquisition of 97.5 per cent of equity interest in Kangding Paomashan Cement Ltd in July 2020, it has now provided an update on the cement project. As such, Kangding Paomashan’s new 1.5Mta plant has completed construction and is ready for commercial production.   West China Cement estimates the annual revenue of the company to be in the range of CNY518-541m (U$75.9-79.3m) based on the relevant prevailing market price in July 2020.