Cement News tagged under: China

RSS feed

Dongwu Cement chief investment officer resigns

05 December 2022, Published under Cement News

Mr Chen Xuanlin has resigned as non-executive director and chief investment officer of Dongwu Cement International, effective from 2 December 2022. According to the company, Mr Chen is leaving to “pursue his career development and concentrate on his own business engagement.”  “Mr Chen has confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the company and The Stock E...

Shangsi Cement starts up new aggregates line

24 November 2022, Published under Cement News

Production has begun at the new aggregates line of China Resources Cement’s (CR Cement) subsidiary Shangsi Cement in Guangxi Province, China. The 5Mta project was officially completed on 19 November 2022 and marks an investment of CNY420m (US$58.7m). Construction began in February 2022 and was a collaboration between the cement company and CNBM Design and Research Institute.  According to Shangsi Cement, “The successful commencement of operation of the project has further improved the cor...

Anhui Conch sees revenue fall 30% in 3Q22

31 October 2022, Published under Cement News

Anhui Conch has reported revenue of CNY29,052m (US$4006m) in the third quarter of 2022, down 29.6 per cent on the same period a year earlier, after adjustment. Net profit attributable to equity shareholders over the same period declined by 65.3 per cent to CNY2578m. This has been attributed to rising energy costs, particularly coal prices, and a decline in the sales price of the group’s products. Basic earnings per share have contracted from CNY1.40 in the 3Q21 to CNY0.49 in the same perio...

Taiheiyo Cement to acquire Denka cement business

27 October 2022, Published under Cement News

Taiheiyo Cement Corp is reportedly acquiring the cement business of Denka Co Ltd in March 2023. Denka has decided to exit the cement sector due to rising production costs. The company operates one integrated cement plant with 2.69Mta of cement capacity in Omi , Niigata, Japan. According to research company Nomura, Denka currently has a thee per cent share of the Japanese cement market, but demand there is falling. The company has already lowered its fiscal-year earnings guidance, for...

China Shanshui Cement revenue falls 6.5% in 9M22

26 October 2022, Published under Cement News

China Shanshui Cement Group Ltd has announced consolidated operating revenue of CNY16,494m (US$2285m) in the first nine months of 2022, down 6.5 per cent from CNY17,571m in the same period last year. Profit attributable to equity shareholders came in at CNY1023m in the 9M22, compared to CNY1780m in the first nine months of 2021. Profit over the same period fell from CNY1862m to CNY1041m.

China Resources Cement releases profit warning

10 October 2022, Published under Cement News

China Resources Cement has issued a profit warning, stating that the company expects its profit attributable to the owners to contract by 64-66 per cent in the 9M22, compared to the same period a year earlier. The company is currently in the process of finalising its unaudited consolidated results for the opening nine months of this year, which are due to be published on 21 October, 2022.   

Unprecedented fall in global cement output

04 October 2022, Published under Cement News

The biggest fall in worldwide cement production in two decades has been recorded, according to the World Cement Association (WCA). The WCA reports that global cement output fell eight per cent YoY to 1.9bnt in the first six months of 2022. The fall was caused by a 15 per cent drop in output to 977Mt in the volume of cement produced in China, the WCA said. Ian Riley, WCA chief executive, said the Chinese decline was the biggest in more than 20 years, with no comparable decline in recent m...

Chinese cement producers welcome construction boost

03 October 2022, Published under Cement News

Manufacturing activity in China has returned to growth with the country’s purchasing managers’ index for the manufacturing sector coming in at 50.1 in September, compared to 49.4 in the previous month, according to the National Bureau of Statistics. Any reading above 50 indicates expansion. The growth comes on the back of an easing of COVID-19 restrictions, recovering domestic demand and a package of macroeconomic stimulus policies.  The government's recent steps to stabilise prices, ease ...

Sinoma Overseas completes kiln inlet emission control test at Dujiangyan plant

14 September 2022, Published under Cement News

On 9 September 2022, Sinoma Overseas successfully passed the performance assessment for the technological transformation project for ultra-low emission control of air pollutants at the kiln inlet of the Lafarge 1 cement production line in Dujiangyan, Sichuan province, China.   All indicators have reached the national environmental performance level A standard, which is far better than the contract required, says Sinoma Overseas.

Huaxin Cement sees revenue fall 2% in 1H22

01 September 2022, Published under Cement News

China’s Huaxin Cement Co Ltd has reported revenue of CNY14,389m (US$2087m) in the first half of 2022, down 2.41 per cent YoY. The fall is being blamed on lower cement sales volumes and higher fuel costs. Over the same period, net profit attributable to equity shareholders contracted by 34.9 per cent to CNY1587m. Due to the country’s extreme macro-economic environment, sales volumes of cement and ready-mixed concrete fell 21.5 per cent YoY in the first six months of 2022 to approximately 29Mt...