Cement News tagged under: China

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China Resources Holding forecasts significant increase in 1Q18 earnings

12 March 2018, Published under Cement News

China Resources Cement Holdings (CRCH) said it expects a "significant increase" in group net profit for the first quarter ending on 31 March 2018, after it more than doubled its profit last year. Average selling prices of the company's cement products were about 33 per cent higher over the first two months of 2018 from a year earlier, the company said in a stock exchange filing. CRCH's group net profit jumped to HKD3.62bn (US$462m) in 2017, rising about 173 per cent from the year-ago perio...

Peru's Invercem plans expansion

05 March 2018, Published under Cement News

Peruvian cement producer Inversiones en Cemento (Invercem) plans the construction of cement plants in Pisco and Ayacucho, according to its founder Victor de La Torre. The new works in Pisco will have a capacity of 0.22Mta while the Ayacucho facility will have an output potential of 0.45Mta The firm will invest US$18m into a 0.22Mta cement plant in Trujillo, where it currently operates a packing plant. At present it imports cement from China-based Anhui Conch Cement Co, selling it under th...

Namibia imports 40,000t of Chinese clinker

16 February 2018, Published under Cement News

Some 40,000t of clinker from China was unloaded at Namport, Namibia’s largest port. The clinker will be transported to the new cement plant of Whale Rock/Cheetah Cement, a Chinese-Namibian joint venture, in Otjiwarongo, Otjozondjupa region. "According to one estimate, about 70 trucks will be used to transport the product during this exercise, over a period of 20 days," said Namport Director, Immanuel Hanabeb.

Taiwan Cement plans to increase alternative fuel use

29 January 2018, Published under Cement News

Taiwan Cement Corp has announced plans to work with Beijing Orient Landscape & Environment Co Ltd to develop its involvement in the Chinese waste market, according to the Taipei Times. The company expects to work with waste management service provider Beijing Orient to bid on Chinese projects. Taiwan Cement is creating technologies which will enable it to use tyres, plastics and petrochemical wastes to replace coal. Presently, the company is able process 200tpd of hazardous waste at its pl...

Hoang Phat Vissai exports 0.22Mt in January

15 January 2018, Published under Cement News

Hoang Phat Vissai Group (The Vissai) has exported 220,000t of cement and clinker from Nghi Thiet port in Vietnam’s Nghe An province since the start of January. The exported cement is destined for the Philippines, Canada and China, according to Nguyen Quoc Tai, director of Nghi Thiet port and the grinding unit of Song Lam Cement JSC, a The Vissai affiliate. The Nghi Thiet grinding facility entered service in June 2017.

China sees a rise in clinker imports

04 January 2018, Published under Cement News

China imported 184,600t of clinker in the first 11 months of 2017, over four times the amount imported during the year-ago period, according to Caixin Global. These figures have been attributed to a surge in domestic prices making it more cost effective to import the material. The majority of the clinker was imported from Vietnam for companies based in Hainan, Shandong, Zhejiang and Beijing. The rise in domestic clinker prices has been linked to a government campaign to limit the pro...

Jidong Cement awards Mechel coal contract

21 December 2017, Published under Cement News

Chinese cement producer Jidong Cement has awarded a 3Mt coal supply contract to Russian mining company Mechel. "Over the year Mechel will supply up to 3Mt of steam coal mined at LLC Elgaugol's Elga Open Pit Mine and JSC Yakutugol's Neryungrinsky Open Pit Mine,” said the Russian mining company in a statement. The Elga coal complex is one of the world’s largest untapped deposits with coal reserves of around 2.2bnt in Yakutia. The Neryungrinsky mine is one of three in the company’s 197.5Mt Y...

Coal price to come down, freight rates to harden

20 December 2017, Published under Cement News

Chinese coal prices, which have fluctuated between CNY550-750/t (US$83.60-114/t) in the past two years, are set to ease going forward, as it is anticipated that the country's policy makers will allow Chinese miners to increase production again in response to prices reaching the upper range of US$100/t in Newcastle. Coal producers outside China are also ramping up production, tempted by the higher prices realised in 2017. US exports have been reported to expand at the highest pace in the l...

BDI rallies on back of coal demand

20 December 2017, Published under Cement News

Freight rates in the dry bulk sector are rising on the back of a commodity boom. By the end of November 2017, the Baltic Dry Index (BDI) had improved by 45 per cent so far that year, coming in at over 1470 points in the closing week of the month. According to brokers, the late rise in dry bulk freight rates has been driven by renewed demand for coal in China and India. Some of this trend may be due to the Indian government’s potential extension of its petcoke ban forcing the country’s cement...

China National Building Materials (CNBM)

18 December 2017, Published under Cement News

The proposed takeover of China National Materials (Sinoma) by China National Building Materials (CNBM) has been given the green light by shareholders of the two companies. The two firms agreed to combine in September this year as part of a wider amalgamation of their biggest shareholders – the central government-run China National Building Material Group and China National Materials Group. The deal comes in response to Chinese government plans to streamline its giant state firms and end w...