Cement News tagged under: China

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Gansu Qilianshan Cement increase building materials stake to 80%

04 November 2019, Published under Cement News

Gansu Qilianshan Cement Group Co Ltd has agreed to buy an additional stake in Gansu Zhangye Julong Building Materials Co Ltd. Following the acquisition, Gansu Qilianshan Cement will hold a stake of around 80 per cent in the company. On 6 June 2019 Gansu Qilianshan Cement acquired an additional 22.78 per cent stake in Gansu Zhangye Julong Building Materials, up from 26 per cent initially.

FLSmidth China joins WCA as associate member

04 November 2019, Published under Cement News

FLSmidth China, a wholly-owned subsidiary of FLSmidth A/S, has joined the World Cement Association (WCA) as an associate member. "As a leading contributor to cement production around the world, we share responsibility for driving the sector towards more sustainable productivity," said Cyril Leung, country head of FLSmidth China. "We are inspired by the work already done by the WCA to seek collaborative approaches to some of the central environmental and technological issues and opportuniti...

Asia Cement (China) Holdings Corp posts 40% 9M profit rise

30 October 2019, Published under Cement News

Asia Cement (China) Holdings Corp has reported a 16.3 per cent advance in revenues to CNY9.18bn (US$1.299bn) in the 9M19 when compared with CNY7.89bn in the 9M18, according to Reuters. Attributable profit came in at CNY2.24bn in the nine-month period, representing a 40 per cent increase YoY from CNY1.6bn. Cementitious sales are expected to reach 30.9Mt in the FY19.

China Resources Cement profit edges up 3% in 3Q

28 October 2019, Published under Cement News

China Resources Cement reported a 3.2 per cent YoY increase in 3Q profit to HKD9.31bn (US$1.19bn) in 2019 when compared with HKD9.02bn in the year-ago period. The company’s profit remained largely stable at HKD2.03bn in the 3Q19 when compared with HKD2.07bn in the 3Q18.

China steps into the lime light

25 October 2019, Published under Cement News

As the urbanisation rate in China increases and the government legislates for a more sustainable society, the use of lime is set to expand. This is expected to lead to the modernisation and consolidation of the country’s lime industry with fewer but larger lime plants, equipped with modern technology. By China Lime Association, China. Figure 1: lime demand in China’s industrial sectors, 2018 Following 40 years of rapid growth, China’s economic and social development has achieved...

China Tianrui Group Cement enters into new clinker supply agreement

17 October 2019, Published under Cement News

China Tianrui Group Cement has entered into a new clinker supply framework agreement with Ruiping Shilong, which will remain active until 31 December 2021. While an existing clinker supply agreement for the same term has been active since 1 April 2019, the company has stated that the actual transaction amount may exceed the proposed annual cap. Therefore, the new agreement will supersede the previous arrangement.

Ocean plastic: an opportunity in the circular economy?

15 October 2019, Published under Cement News

Initiatives are under way to address the global issue of plastics litter in the oceans. Norway’s SINTEF highlights the use of co-processing in the Ocean Plastic Turned into an Opportunity in Circular Economy project. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, Foundation for Scientific and Industrial Research (SINTEF), Norway. Mining of plastic wastes at a dumpsite in Thailand. Image credit: Kå...

Jidong Cement to acquire 49% stake in Beijing BBMG Mangrove

09 October 2019, Published under Cement News

China’s BBMG Corp is set to sell its entire 49 per cent stake in Beijing BBMG Mangrove to Jidong Cement for CNY1.72bn (US$241m). Jidong Cement is expected to fund the acquisition of the waste management company in an all-cash deal, according to a statement by BBMG. The proceeds from the divestment will be used to meet BBMG’s working capital requirements.

China National Building Materials (CNBM)

26 September 2019, Published under Cement News

Sinoria FABCOM, a subsidiary of China National Building Materials (CNBM), has confirmed its plans to open a fibre cement board plant in Abuja, Nigeria. According to the company, the first production line at the new facility will be able to produce over 5Mm 2 each year. The move follows the success of the company’s stone-coated roofing sheet production plant, also located in Abuja. Sinoria FABCOM hopes to help solve the Nigerian housing crisis by supplying the country with quality and afford...

Anhui Conch

26 September 2019, Published under Cement News

Despite 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...