Cement News tagged under: China

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Fujian Ansha Jianfu Cement's plant to save US$1.24m per annum

03 September 2021, Published under Cement News

Citic Heavy Industries (CHI) recently completed a greenfield 4500tpd smart cement plant for Fujian Ansha Jianfu Cement in Yongan, Fujian, China. The US$136m project is a green and sustainable smart cement plant that is expected to deliver savings of US$1.2m per annum. The design is argued to push the boundaries of traditional design to achieve ‘process automation by design’, which delivers digitalisation technologies to large-scale equipment. CHI synchronised design construction, del...

DMC prepares power supply for new project

02 September 2021, Published under Cement News

Ethiopia-based Derba Midroc Cement (DMC) and Sinohydro Construction Ltd have signed an ETB330m (US$7.24m) contract for a power expansion project that will allow the factory to double production and receive sustainable energy. The project to install the 132kV unit is expected to be completed within 14 months and will be supervised by Ethiopian Electric Power (EEP). DMC plans to begin production on its second production line within the next six months. It will have the same capacity as its f...

West China Cement sees profit rise 40% YoY

31 August 2021, Published under Cement News

West China Cement has posted a 40.4 per cent YoY rise in attributable profit to CNY1.06bn (US$163.5m) for the first half of 2021, compared to CNY752.3m in the 1H20. Revenue also advanced 40.7 per cent YoY to CNY4.23bn from CNY3bn in the first half of 2020.

Dongwu Cement reports surge in 6M profit

27 August 2021, Published under Cement News

Dongwu Cement reported a 30 per cent rise in unaudited revenues to CNY227.8m (US$35.1m) in the first six months of 2021, up from CNY174.8m in the 6M20. The company’s gross profit margin of the cement segment advanced to 21.8 per cent in the 6M20 from 16.7 per cent in the year-ago period. Profit attributable to the company’s owners surged from CNY10.8m in the 6M20 to CNY25.6m in the 6M21. Dongwu Cement International Ltd is a limited liability company incorporated in the Cayman Islands a...

China Tianrui Group Cement records 9% rise in revenue

23 August 2021, Published under Cement News

China Tianrui Group Cement has posted a 9.1 per cent YoY increase in revenue to CNY5.73bn (US$882.8m) for the first half of 2021, compared to CNY5.25bn in the year-ago period. Attributable profit also advanced 4.5 per cent YoY to CNY751.6m from CNY719m in the 1H20.

Vortex Asia-Pacific reopens Shanghai office

03 August 2021, Published under Cement News

As COVID-19 restrictions ease, solids and bulk handling components company Vortex Asia-Pacific is pleased to announce it has reopened a physical office in Shanghai, China. The new location is in the heart of downtown Shanghai and will serve Vortex’s customers in China and a variety of countries on the Asian continent. "We are extremely pleased that we can start to move on from the past 18 months and that our Asia-Pacific customers are getting all the support they need from our n...

Tangshan Jidong sees cement and clinker sales rise 14%

14 July 2021, Published under Cement News

China’s Tangshan Jidong Cement expects its net profit to rise 20-30 per cent YoY to CNY1.2-1.3bn (US$185-200m) in the first half of 2021, compared to CNY1bn in the year-ago period. The company has attributed the rise in profit to an increase in cement and clinker sales, continued strengthening of cost control and a decline in expenses. Its consolidated sales of cement and clinker advanced 14 per cent to around 48Mt.

China and Canada collaborate for carbon capture

12 July 2021, Published under Cement News

A new collaboration between China Building Materials Academy (CBMA) and Canada's International CCS Knowledge Centre (Knowledge Centre) will see simultaneous advancements in understanding and knowledge sharing of carbon capture technology for the global cement industry, according to a press release. The first initiative under the agreement will aid CBMA in applying the Knowledge Centre's model and Front-End Engineering Design (FEED) of a test platform, which has a capture capacity of appro...

Fitch rates West China Cement's proposed US$ notes as 'BB'

28 June 2021, Published under Cement News

Fitch Ratings has assigned West China Cement's (WCC) proposed US dollar senior unsecured notes a rating of 'BB'. The proposed notes will be issued by WCC and guaranteed by WCC's existing subsidiaries, other than those organised under the laws of China. WCC plans to use the proceeds of the proposed notes for refinancing and general corporate purposes, including potential investments. Fitch highlights that WCC maintains a strong position in Shaanxi province, with a market share of around 25 ...

Financial restructuring positions PCC for long-term recovery

25 June 2021, Published under Cement News

Competent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC) operations, significantly de-risking the business, and improved its gearing with the sale of its lime business. Together with the tail wind provided by volume recovery in the core South African market, which has enabled the company to meet its interest payments, the JSE-listed cement producer may now be in a ...