Cement News tagged under: China

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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.

Wenxi Jidong Haitian Cement completes mine restoration

25 September 2020, Published under Cement News

China’s Wenxi Jidong Haitian Cement has restored one of its mines by investing around CNY4m (US$586,000) over three years to plant 20,000 trees and grow enough grass to cover 110,000m 2 . The state-owned company was responding to the government’s call to restore the environment to deserted mines, according to China Daily. "We thought it would be an easy task, just to buy some saplings and grass seeds and to sow them on the mine and leave it to nature. But we were wrong. Many species of tr...

Vietnam's cement and clinker exports rise in August

17 September 2020, Published under Cement News

Vietnam exported 4.2Mt of cement and clinker worth US$148.3m in August, rising 31.4 per cent MoM in volume and 24.3 per cent in value, according to the General Department of Vietnam Customs. In the 8M20 the country exported 23.9Mt of cement and clinker worth US$882m, up 1.2 per cent YoY in value and 15.7 per cent in volume. China was the biggest buyer during this period, importing 12.6Mt worth US$415.5m. This accounted for 53 per cent of Vietnam’s cement and clinker export volumes and 47 ...

China’s cement production up 4% in July

14 September 2020, Published under Cement News

Chinese cement output increased 3.6 per cent in July as a pick-up in the economy drove cement consumption, according to data from the Ministry of Industry and Information technology. China produced 220Mt of cement in July 2020 when compared with July 2019. In the first seven months of 2020, production declined by 3.5 per cent YoY to 1.22bnt. The sector’s total revenues fell 5.5 per cent YoY to CNY510.9bn (US$74.7bn). Its total profits reached CNY92.6bn.

Vietnam's cement sector sees exports rise on higher Chinese demand

11 September 2020, Published under Cement News

The Vietnam Cement Association (VNCA) shows that the 1H20 recorded a 12 per cent decrease in the industry’s consumption compared to the same period for the domestic consumption channel. The reason comes from the slowdown in construction activities. However, recently, cement demand has gradually recovered. Noticeably, the export volume maintained the growth rate thanks to the significant increase in demand from the Chinese market since the second quarter. The latest clinker and cement exporr...

West China Cement to raise US$102m in private placement

04 September 2020, Published under Cement News

West China Cement Ltd has announced to raise CNY700m (US$101.9m) in a second tranche of private placement of medium-term notes to investors in China. The tranche has a term of three years and form part of the Medium-Term Notes of Yaobai Special Cement Group Co Ltd. The Agricultural Bank of China Ltd is acting as underwriter and China LIanhe Credit Rating Co Ltd as financial advisor of the offering. Proceeds of the second tranche will be used as general working capital of the group.