Cement News tagged under: China
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
China Shanshui issues profit warning19 July 2023, Published under Cement NewsChina Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 per cent compared to the same period a year earlier. According to the company, the contraction is due to the lower price of its cement products over the six-month period. |
China starts CCUS focus14 July 2023, Published under Cement NewsThis week China announced the launch of its largest carbon capture, utilisation and storage (CCUS) project for the cement sector to date. The China United Qingzhou Co Ltd's 200,000tpa "Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project" can be considered one of China's early pioneering trials for CCUS. As the largest producer of cement in the world, China is not expected to achieve peak CO 2 emissions until 2027. However, with China's leading engineer... |
China United Qingzhou Co launches China's largest CCUS project12 July 2023, Published under Cement NewsOn 28 June 2023, the China United Qingzhou Co Ltd’s 200,000tpa Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project was successfully launched. This project is currently the largest carbon capture and utilisation project in the China cement industry, the first of its kind in Shandong province, and the first cement sector carbon capture and utilisation project of China National Building Materials Group. The investment has been listed as one of the first... |
China Resources Cement Holdings issues profit warning12 July 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has issued a profit warning for the six months ended 30 June 2023. According to the company, it expects to report a 63-38 per cent contraction in profit attributable to the owners, compared to the same period in the previous year. The decline is being attributed to lower selling prices of the group’s products over the six-month period, along with lower sales volumes over the same timeframe, compared with the first six months of 2022. The drop is also be... |
Samson win Chinese EcoHopper order23 June 2023, Published under Cement NewsOne SAMSON Eco Hopper type EH60 has been successfully tested and put into operation for bulk material loading and unloading in China. Thanks to the environmentally friendly design and the installed filter systems it makes an important contribution to the reduction of dust emissions during ship loading and unloading processes. Mr Gang Gong, the managing director of AUMUND China, says: “The customer is very satisfied with the Eco Hopper unit and is interested in taking our working rel... |
Cemento Panam installs new MVR mill in Dominican Republic02 June 2023, Published under Cement NewsCemento Panam , part of the Estrella Group, is to install a state-of-the-art MVR vertical mill from Gebr Pfeiffer at its plant in the Dominican Republic. This marks the first such mill to be installed in the country. The MVR 3750 C-4 mill will be equipped with a latest generation SLS 4000 VC classifier and will grind several blended cements at up to 155tph to finenesses up to 4800 cm²/g (Blaine). The order will be handled by the Chinese general contractor CBMI. |
Cement production growth fuels record-high emissions in China23 May 2023, Published under Cement NewsA 4.1 per cent YoY increase in China’s cement production in the first quarter of 2023 has contributed to a four per cent rise in the country’s CO 2 emissions, marking a record high for the first quarter of a year. According to Carbon Brief, the uptick was driven by a economic rebound following the end of China’s zero-COVID-19 policy, which led to oil consumption advancing by 5.5 per cent, coal consumption up by 3.6 per cent and gas use expanding by 1.4 per cent. Steel production also re... |
Can CBAM create a level playing field for CO2 emissions?19 May 2023, Published under Cement NewsThis week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, but in 2022 imports rose above 10Mt for the first time. It is a rising trend that has continued to evolve since pre-2016, when clinker and cement imports to the EU27 totalled less than 2.5Mt. Meanwhile, cement and clinker exports from the EU27 have slumped from nearly 25Mt in 2016 to around 13Mt in 2022 with the UK and ... |
CNBM and GCCA discuss decarbonisation and environmental protection19 May 2023, Published under Cement NewsThe Deputy Secretary of the Party Committee and General Manager of China National Building Materials (CNBM) Group, Li Xinhua, met with Thomas Guillot, CEO of the Global Cement and Concrete Association (GCCA), on 5 May in Beijing for discussions to promote carbon emission reduction in the global cement industry and the low-carbon environmental protection transformation of the cement industry. The two sides discussed in depth the policies, standards, technologies, social culture and othe... |