Cement News tagged under: China
RHI Magnesita reports resilient 1Q cement business05 May 2020, Published under Cement NewsRHI Magnesita NV reports that the Industrial division continued to perform well in 1Q20, particularly in cement. Trading activity in the steel division remained weak in Europe and South America, largely offset by a robust performance in North America. Overall, demand levels were similar to the 1Q19 with EBITA slightly ahead, in line with management expectations. Raw material prices fell further in 2020, given the reduction in overall demand and uninterrupted supply from China, which has h... |
Anhui Conch Cement sees net profit decrease 19%01 May 2020, Published under Cement NewsChina-based Anhui Conch Cement has seen its net profit fall 19.2 per cent YoY to CNY4.91bn (US$693.3m) in the first quarter of 2020, compared to CNY6.08bn in the 1Q19. Revenue also declined to CNY23.21bn from CNY30.5bn last year. The company has not disclosed its guidance for future earnings. |
China Shanshui Cement records 29% revenue fall01 May 2020, Published under Cement NewsChina Shanshui Cement has recorded a 29 per cent fall in operating revenue to CNY1.83bn (US$258.83m) in the first quarter of 2020, compared to CNY2.58bn in the corresponding period of last year. The quarterly attributable loss has also widened to CNY382.6m from CNY210.9m, according to Reuters. |
Huaxin Cement reports 65% fall in 1Q20 profit29 April 2020, Published under Cement NewsChina’s Huaxin Cement has reported a 65 per cent YoY decline in net profit to CNY354.1m (US$50.06m) for the first quarter of 2020, according to Reuters. However, the company had posted a 22.4 per cent YoY rise in net profit to CNY6.3bn for the full-year 2019 period. |
China’s cement industry expected to lead economic recovery20 April 2020, Published under Cement NewsAn accelerated recovery in the Chinese construction industry is driving the country’s cement sector to resume operations. With a positive outlook this year, analysts said the sector could lead the rebound across multiple industries, reports the Global Times. As a result of the coronavirus pandemic, cement output in China fell by 23.9 per cent YoY to 299.07Mt in the first quarter of 2020, according to data from the National Bureau of Statistics. In March production declined 18.3 per cent Y... |
Chinese infrastructure construction sees boost14 April 2020, Published under Cement NewsChinese infrastructure construction has reportedly been stepped up across the country as the government increases funding in the sector, states Xinhua News Agency. The production and prices of construction materials, including cement and steel, have also seen an increase. The work resumption rate of the cement industry reached 94 per cent as of 6 April, according to data from the Ministry of Industry and Information Technology. |
China Tianrui Group Cement Co reports 50% rise in FY profit02 April 2020, Published under Cement NewsChina Tianrui Group Cement Co has posted for 2019 an attributable profit of CNY1.819bn (US$256m), up 50 per cent when compared with 2018. The company’s full-year revenues increased by 20.1 per cent YoY to CNY12.088bn, according to Reuters. |
China Resources Cement sees 8% increase in net profit30 March 2020, Published under Cement NewsChina Resources Cement Holdings has reported an 8.1 per cent increase in net profit to HKD8.62bn (US$1.11bn) for 2019. Revenue inched up 0.4 per cent YoY to HKD38.96bn. The company attributed the improved profit margins to lower costs for cement sales. Since the company's principal business area is in mainland China, the yuan's weakness against the Hong Kong dollar in 2019 lowered the company's revenue in HKD terms. |
Chinese cement prices recover as work restarts27 March 2020, Published under Cement NewsCement prices in China have shown signs of recovery as works in the country resume, according to Xinhua-run Shanghai Securities News. Cement producers in the northwest announced a price increase of their cement products by CNY20-64/t (US$2.82-9.03/t). In the eastern province of Zheijiang some cement products are also had prices increased by CNY10/t. In addition, there have been reports of various parts of the cement industry supply chain gradually recovering. As of March 20, the operating... |
Dongwu Cement sees 11% increase in revenue for 201926 March 2020, Published under Cement NewsChina’s Dongwu Cement has seen a 10.7 per cent increase in revenue to CNY571.15m (US$80.5m) in 2019, rising from CNY516.04m in the previous year. Profit declined 32.3 per cent YoY to CNY60.7m from CNY89.67m. "As a result of increases in both sales volume and price in China’s domestic cement industry, operating income of cement segment of the group in 2019 increased steadily as compared with the corresponding period of last year. The group recorded a profit of approximately CNY92,853,000 fr... |