Cement News tagged under: China
Mitsubishi Materials withdraws from China market18 April 2017, Published under Cement NewsMitsubishi Cement plans to pull out of the Chinese cement market as tighter environmental regulations take their toll and the supply glut hurts the company’s profitability, according to Nikkei Report. The Japanese nonferrous materials maker signed an agreement on 30 March to sell a cement company in Shandong Province for an undisclosed sum to an affiliate of state-run cement giant China National Building Material. Mitsubishi Materials holds a 66.67 per cent stake in the Shandong compan... |
China Shanshui Cement wins injunction in ongoing dispute13 April 2017, Published under Cement NewsShanshui Cement has obtained an injunction from a Hong Kong court that prevents former executives from removing assets worth up to CNY142m (US$20.6m) from Hong Kong and posing as directors or officers company, Reuters reports. China Shanshui said on Monday that current executives had been attacked with pepper spray, smoke bombs and water guns and held for two hours by associates of a former official when they had tried to retake control of company property in China. In a filing, the fi... |
BBMG expects 1Q net profit to increase to CNY380-450m12 April 2017, Published under Cement NewsChina-based BBMG Corporation said it expects to achieve a net profit attributable to shareholders of CNY380m-450m (US$55m-65m) for the first quarter ended 31 March 2017, an increase from the CNY151m (US$21.9m) recorded in the same period of last year. An increase in operating results for 1Q17 is mainly due an increase in booked gross floor area for the property development segment compared with the same period of, thereby resulting in increased revenue and profit for the segment. The i... |
China Shanshui Cement says some properties of unit "illegally occupied" by Jingtian10 April 2017, Published under Cement NewsChina Shanshui Cement today informed its shareholders that some properties of its Shandong Shanshui Cement Group unit were "illegally occupied" by Mi Jingtian, the former deputy general manager of Shandong Shanshui and his associates. The company said that on 8 April the directors of the company entered and tried to repossess the properties of Shandong Shanshui in Jinan city. It said the directors were held against their will by an unidentified crowd "commanded and organised by Mi Jingtian... |
Asian cement 2017: looking to the future29 March 2017, Published under Cement NewsFollowing an exciting 2016, this year sees opportunities and challenges abound for the Asian cement industry. LEK Consulting gives an overview and outlines strategies that help position cement companies in this part of the world for long-term growth. By Manas Tamotia, LEK Consulting, Singapore, and George Woods, LEK Consulting, Australia. China's overcapacity will help to change the Asian cement market from a national into a regional game The year 2016 was an exciting one for As... |
Anhui Conch in talks on Uzbekistan plant construction28 March 2017, Published under Cement NewsRepresentatives of China’s Anhui Conch Cement Co of China have visited Uzbekistan to discuss cooperation with local construction and production company Umar regarding the implementation of a cement plant in Samarkand, Novosti Uzbekistan news agency reported. Zhao Weiqiang, a senior official of Anhui Conch, said the company is looking to establish a footprint in central Asian countries, adding: “We have the intention to build here a cement plant with annual production capacity of 2Mt of cem... |
China: Fujian Province cement plant collapse kills four23 March 2017, Published under Cement NewsFour people have died following the collapse of a structure at a cement plant in Zhangzhou City, eastern Fujian Province. The incident occurred on 20 March when a building in Zhongda cement plant in Kuiyang township, Nanjing County, collapsed. Four workers were trapped, with three dying at the scene and the other passing away at hospital. |
Co-processing MSW at Hongshuihe Cement Co22 March 2017, Published under Cement NewsIn its first application in China, an FLSmidth HDR63-315 HOTDISC ® combustion device is integrated in the 3800tpd calciner kiln of Hongshuihe Cement to handle municipal solid waste (MSW) with a high moisture content and low calorific value. By Zhou Lun, FLSmidth Beijing Ltd, China. Figure 1: the FLSmidth HOTDISC combustion device To safely and completely dispose of virtually unclassified municipal solid waste (MSW), China Resources Cement subsidiary Hongshuihe Cement Co Ltd bui... |
China: order and growth06 March 2017, Published under Cement NewsFollowing a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a positive note with cement inventories reported to be decreasing. This resilience is supported by improved producer discipline, increased cooperation between top players and robust government investment in infrastructure and housing. By Addison Dai, DBS Vickers, Hong Kong. China’s cement plants, such as Heidelber... |
China: Shanshui Cement defaults on bond28 February 2017, Published under Cement NewsShandong Shanshui Cement Group has defaulted on a CNY1bn (US$145m) bond, according to China Merchants Bank. With a huge amount of debt due in 2017, China is facing rising default risks as growth moderates and Beijing switches to a tighter monetary policy. Shanshui hasn't been able to raise enough money to fully repay the three-year debt, which was due 27 February, the underwriter said in a statement. Shanshui has already defaulted several times since 2015 due to liquidity strains, rest... |