Cement News tagged under: China

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China’s cautious confidence

04 March 2020, Published under Cement News

With most provinces reporting a growth in cement output, Chinese cement companies enjoyed a bountiful year in 2019, supported by stronger peak-season demand and stable, high prices. For 2020 industry sentiment is one of cautious confidence despite a forecast indicating that demand will slip slightly. Furthermore, the current coronavirus outbreak is also expected to affect cement demand in the first half of the year. By Fei Chen and Bailin Chen, China Cement Association, China. Improvi...

The noise about fans

11 February 2020, Published under Cement News

Fans 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 2019

21 January 2020, Published under Cement News

China’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 profit

15 January 2020, Published under Cement News

China’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 CFO

15 January 2020, Published under Cement News

Chu 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 increases

10 January 2020, Published under Cement News

Nomura 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 scheme

20 December 2019, Published under Cement News

China’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 company

18 December 2019, Published under Cement News

China’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 2019

12 December 2019, Published under Cement News

A 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 market

20 November 2019, Published under Cement News

Cemex'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. ...