Cement News tagged under: China
The noise about fans11 February 2020, Published under Cement NewsFans are widely used to move air in a range of industries, including the cement industry. However, if not suitably insulated they can give rise to noise issues and impact the wellbeing of cement plant staff and local residents. In this article, Halifax Fan looks at noise levels from fans and how to reduce their impact. By Dr John Irons, Halifax Fan, UK, and Jessie Jia, Halifax Fan, China. Two sinter cooling fans located close to each other with ducting Sound is fluctuating air p... |
Jiangxi Wannianqing Cement projects profit increase for 201921 January 2020, Published under Cement NewsChina’s Jiangxi Wannianqing Cement has projected its net profit to rise from CNY1.1bn (US$160.26m) to between CNY1.28-1.5bn for 2019. The company has attributed the profit increase to the structural reforms of the cement industry and steady growth in demand for the region where it is based. This has resulted in the advancement of the company’s cement sales and product prices. |
Gansu Qilianshan Cement expects 85% rise in profit15 January 2020, Published under Cement NewsChina’s Gansu Qilianshan Cement expects to realise a net profit of around CNY1.21bn (US$174m) in 2019, an increase of approximately 85 per cent compared to CNY654.8m last year. The company has attributed the results to an increase in product sales and improved cost control after upgrading the efficiency of its production and operations. |
West China Cement has new CFO15 January 2020, Published under Cement NewsChu Yufeng has been appointed chief financial officer of West China Cement. The company stated that his predecessor Chan King Sau ceased to be CFO, according to Reuters. |
China's 2020 demand growth forecast increases10 January 2020, Published under Cement NewsNomura has increased its 2020 demand growth forecast for China from three per cent to five per cent following expectations that Beijing will continue to support its property and infrastructure sectors. The Asian financial services company has seen further room for Beijing to loosen its restrictions on property transactions and investment to shore up economic growth. Plans to build new city clusters will also stay on track and increase cement demand by providing a boost to infrastructure spe... |
Huaxin Cement plans share buy-back scheme20 December 2019, Published under Cement NewsChina’s Huaxin Cement has announced its intention to buy back company shares worth around CNY100-125m (US$14.21-17.76m) within the next 12 months. The company also stated its plans to issue offshore bonds worth up to US$500m. |
Dongwu Cement to sell stake in wastewater treatment company18 December 2019, Published under Cement NewsChina’s Dongwu Cement has announced that its subsidiary, Xinhua Shanghai Investment Management Co, plans to divest its entire 62.26 per cent stake in Shanghai Biofit Environmental Technology Co. The total consideration for the divestment is estimated at CNY22m (US$3.14m). Shanghai Biofit and its subsidiaries are principally engaged in the treatment of organic wastewater and sludge, alongside the comprehensive treatment of urban organic waste. |
China sees strong cement demand at the end of 201912 December 2019, Published under Cement NewsA financial data provider has reported that average prices of cement in big Chinese cities have picked up 15 per cent since September, ending eight months of decline. The central government also lowered capital requirements for infrastructure projects such as railways, ports and toll roads. Cement consumption in the fourth quarter in China exceeded expectations . "There is a pronounced rebound in infrastructure construction towards the end of the year," said Chen Bolin, China Cement Associa... |
Cemex subsidiary to enter Chinese market20 November 2019, Published under Cement NewsCemex's venture capital unit has announced that it will be entering the Chinese market through a partnership with Glodon, a local provider of digital platform services for the industry, and Interdream Ventures, a venture capital firm seeking to digitise the construction and decoration industries. "This type of alliance between two joining segments is key to finding new successful business models and operating in the Chinese market," said Juan Nieto, Cemex Ventures' representative in Asia. ... |
Renewed interest in CIMAIKO14 November 2019, Published under Cement NewsA Chinese company is reported to be interested in relaunching the CIMAIKO cement plant near Kisangani, in the Democratic Republic of Congo. A delegation consisting of Justine Mbombo, advisor to the Ministry of Industry, and the production manager of Yang Engow Engineering of China is prospecting the local area for limestone suitable for cement production. Yang Engow Engineering intends to start the installation of the plant as soon as possible, with January 2020 as a tentative date, acco... |