Cement News tagged under: China
China Resources Cement sees 7% fall in net profit in 1H1912 August 2019, Published under Cement NewsChina Resources Cement has reported a 6.5 per cent YoY drop in net profit to HKD3.77bn (US$480.8m) for the first six months of 2019, against HKD4.03bn in the corresponding period of last year. The company has attributed the results to falling sales of cement, clinker and concrete amid a slowing Chinese economy. Revenue declined six per cent to HKD17.41bn in the 1H19. The company has noted that it will continue to seek partnerships with domestic and overseas companies, according to a state... |
China Shanshui Cement records 75% increase in net profit12 August 2019, Published under Cement NewsChina Shanshui Cement has seen a 75 per cent YoY rise in net profit to CNY1.19bn (US$168.5m) for the first half of 2019, which it has attributed to higher cement sales. Revenue in the 1H19 increased 39.6 per cent to CNY9.44bn, compared with CNY6.76bn in the year-ago period. However, the company expects cement demand to slow in the second half as real estate development sees a slowdown in the country. |
Anhui Conch places laboratory equipment order06 August 2019, Published under Cement NewsChina’s Anhui Conch has ordered four polab® laboratory automation systems from thyssenkrupp, including units for the world’s two largest cement plants in Wuhu and Tongling, eastern China. "More and more cement manufacturers are showing interest in our smart factory and digitisation solutions. Our automation systems make cement plants fit for the future. This order with our long-lasting client is an outstanding reference in the industry underlying the global trend for efficiency improvement... |
Shui On Cement to be compensated for plant closure23 July 2019, Published under Cement NewsHong Kong-based Socam Development said the Kaili government in Guizhou, China, is expected to compensate its subsidiary Shui On Cement with CNY171m (US$24.85m). The funds are to reimburse the costs and expenses related to the closure of its plant, which resulted from the central government's policy of phasing out of backward and energy-inefficient capacity, according to The Standard. The cement plant site will be redesignated for commercial and residential purposes. The Kaili government p... |
China’s cement industry sees CNY80bn profit in 1H1922 July 2019, Published under Cement NewsChina’s cement industry in the first half of 2019 saw profits advance by 20 per cent to CNY80bn (US$11.6bn), according to China Securities Journal. Cement output increased 6.8 per cent YoY to 1.05bnt in the January-June period, the highest growth rate in the last five years, as shown by data of the National Bureau of Statistics. The cement market expansion has been attributed to real estate and infrastructure growth. Fixed-asset investment, including capital spent on infrastructure, prope... |
Chinese cement companies expect significant rise in 1H net profit10 July 2019, Published under Cement NewsHuaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters. Tangshan Jidong Cement is expecting its first-half net profit to rise between 57.8-63.2 per cent from CNY918.92m in the 1H18. |
China to reduce cement capacity by 70Mta08 July 2019, Published under Cement NewsThe China Building Materials Federation has revealed it plans to reduce cement capacity by 70Mta this year as it intends to reduce air pollution and consolidate the industry to optimise efficiency, according to Yicai Global. The top 50 cement companies in the country are expected to shut down any production lines that produce less than 2000tpd and upgrade those with outdated technology to achieve this goal. Larger production lines in China typically produce 5000-7000tpd. One key area is th... |
Cosco Shipping Bulk signs logistics agreement with Conch17 June 2019, Published under Cement NewsCosco Shipping Bulk has signed an agreement with Conch Logistics, the logistics business of China-based Anhui Conch Group. The two companies will jointly develop the cement logistics business, reports Splash 247. Anhui Conch ordered four 12,500dwt bulk carriers at Jiandong Shipyard with delivery scheduled in 2020. Cosco Shipping Bulk operates the largest bulker fleet in the world with total capacity of over 33mdwt. |
Aggregates in growth mode04 June 2019, Published under Cement NewsThe scale and dynamics of the aggregates industry are often poorly understood. Now, thanks to the Global Aggregates Information Network (GAIN™), better macro-data is available, which points to a maturing global industry, poised for significant growth in the coming decade. Consequently, aggregates may provide an attractive and complementary new investment horizon for players in the cement industry. By Jim O’Brien, GAIN, Ireland. Participants from six continents at the most recent GAIN ... |
Vietnamese clinker imports to China increase in 1Q1903 June 2019, Published under Cement NewsVietnamese cement exporters are starting to take significant market share in China as they succeed in undercutting domestic producers. Imports of clinker surged by more than 150 per cent in the first four months of 2019 to 5.69Mt on the back of China's housing boom. These imports accounted for 1.4 per cent of China's clinker. The increase in imports has lowered the cost of cement by CNY40/t due to lower labour costs and excess capacity in the market. Housing construction in China has incre... |