Cement News tagged under: China
Anhui Conch26 September 2019, Published under Cement NewsDespite the project proving to be a loss maker, Anhui Conch is fully committed to its carbon capture investment at the Baimashan plant in eastern China. The US$10m carbon capture and storage (CCS) project was installed last year after taking 12 months to construct. Trial production began in October 2018 with the aim of separating and purifying 50,000t of carbon dioxide (CO 2 ) each year, which Anhui Conch would then sell to industrial consumers. As a pilot project the technology is curren... |
West China Cement to set up cement joint venture23 September 2019, Published under Cement NewsWest China Cement subsidiary West International, CIF-MOZ, Oceanic Star and Guhava have entered into a cooperation agreement to establish a joint venture for joint investment and construction of a cement production line in Mozambique. West International, CIF-MOZ, Oceanic Star and Guhava will contribute MZN60m, MZN21m, MZN14m and MZN5m, respectively, to the registered capital of the joint venture and will hold 60, 21, 14 and five per cent, respectively of JV equity interests, respectively. ... |
Carbon capture is a loss-maker for Anhui Conch16 September 2019, Published under Cement NewsAnhui Conch has invested US$10m in carbon capture equipment at its Baimashan plant near the Yangtze river in eastern China. The pilot carbon capture and storage (CCS) project, installed last year in the city of Wuhu in Anhui province, separates and purifies 50,000t of carbon dioxide (CO 2 ) a year, which Conch will sell to industrial consumers, reports Reuters. As a pilot project the technology currently is designed to capture a small percentage of the 1.5Mt of CO 2 generated by a single... |
Cement prices rise in China due to demand from construction sector12 September 2019, Published under Cement NewsOn 9 September, the construction of 10 major projects started in southwest China's Guizhou province, representing a total investment of CNY68.53bn (US$9.62bn). As a result, cement prices in some areas of Guizhou have seen an average increase of CNY60/t since August. Elsewhere, Zhejiang, Jiangxi, Hubei, Hunan, Henan and Shandong provinces, as well as the autonomous region of Guangxi, have recorded a price increase of around CNY20-40/t. "The country's cement prices have maintained at mor... |
Sunnsy Group joins World Cement Association12 September 2019, Published under Cement NewsThe World Cement Association has been joined by Sunnsy Group, the largest cement group in the northern area of China's Yangtze River region. With a total cement production capacity of over 100Mta, Sunnsy Group is one of the 12 largest cement groups being specially supported by China's central government. Sunnsy Group is ranked in the top 500 Chinese enterprises and its 'Sunnsy' brand cement has been awarded a National Certified Quality Credit AAA Gold Medal. "Sunnsy Group has an impres... |
Zhejiang Shangfeng to acquire majority stake in cement producer02 September 2019, Published under Cement NewsChina’s Zhejiang Shangfeng Building Materials Co is set to acquire a 65 per cent stake in Ningxia Mingfeng Mengcheng Building Materials Co, a producer of general Portland cement, clinker and special cement. The total value of the deal is CNY196.65m (US$27.76m). After completion, Ningxia Mingfeng is expected to become a holding subsidiary of Zhejiang Shangfeng. The acquisition will reportedly allow Zhejiang Shangfeng to increase the scale of the industry, enrich the product structure and enh... |
China's cement output rises by 6% in 1H1929 August 2019, Published under Cement NewsChina's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the policies of 'staggering peak construction' and environmentally restrictive production'. National demand for cement saw a YoY increase of more than five per cent with the northern region showing the fastest growth. The pricing and supply-demand balance in northern China, particularly in Beijing, Tianjin and He... |
Anhui Conch28 August 2019, Published under Cement NewsIn the six months ending 30 June 2019, Anhui Conch reported revenue of CNY71.64bn (US$10.01bn), up 56.6 per cent YoY. Profit attributable to equity shareholders came in at CNY15.28bn over the same period, an increase of 17.8 per cent YoY. The increase is being partly attributed to bulk procurement of raw materials and fuel, in the face of rising prices, and optimised resource allocation, leading not only to improved results but also better operational quality. Over the same period, the co... |
China National Building Materials (CNBM)28 August 2019, Published under Cement NewsIn the first half of 2019, CNBM’s subsidiary Sinoma International reported a 12.38 per cent YoY jump in operating income to CNY11.33bn (US$1.58bn). Net profit over the same period advanced by 16.1 per cent to CNY752m. Meanwhile, CNBM’s Beijing New Building Materials (BNBM) subsidiary saw an 0.8 per cent YoY increase in operating income to CNY6.04bn over the same six-month period, while its net profit fell from a profit of CNY1.29m in the 1H18 to a loss of CNY691.4m a year later. According... |
Dongwu Cement reports 12% rise in 1H profit28 August 2019, Published under Cement NewsDongwu Cement reported a turnover of CNY251.739m for the first six months of 2019, representing an increase of 14.7 per cent YoY, according to a company to the Hong Kong Stock Exchange. The company’s cement business posted a gross profit margin decreased to 20.7 per cent from 22.8 per cent in the 1H18. The profit attributable to Dongwu Cement’s owners increased to CNY32.219m in the first half of 2019, a 12.4 per cent advance on the CNY28.671m reported in the year-ago period. The company ... |