Cement News tagged under: China
China: Taiwan Cement expects 2H16 pick up in demand19 August 2016, Published under Cement NewsCement sales in China will pick up in the second half of the year, on the back of a recovering demand from infrastructure projects and residential building in the country, according to Taiwan Cement Corp. “We saw strong infrastructure spending in China supported cement demand in the first half, which is expected to continue growing for the rest of the year,” Taiwan Cement Senior Vice President, Edward Huang, told an investors’ conference in Taipei. In the first half of this year, the com... |
India: reason for optimism?17 August 2016, Published under Cement NewsThe first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon season and the perennial overcapacity of the industry continue to haunt profitability. The amendment of The Mines and Minerals (Development and Regulation) Act is expected to facilitate M&A in the cement sector The first quarter of 2016 has seen India’s cement industry make a positive start to the year... |
Sino-Uzbek JV brings Karakalpakstan plant online11 August 2016, Published under Cement NewsUzbek-Chinese joint venture, Titan Cement, recently brought its new plant in Karakalpakstan, Uzbekistan, into operation. The total cost of the project exceeded US$25m and resulted in the creation of more than 200 jobs. Initially the Chinese faction of the joint venture intended the project to have a capacity of no more than 60,000tpa, but following the discovery that there was a raised demand for high-quality, inexpensive cement in the region, plant capacity was increased more than three... |
Pakistan: CPEC to generate 3Mta demand09 August 2016, Published under Cement NewsPakistan’s cement industry will experience growth thanks to the commencement of construction projects under the China-Pakistan Economic Corridor (CPEC). Experts have suggested that the projects will generate an additional cement demand of between 1.5-3Mta for Pakistan. In the first half of this financial year, local dispatches showed a growth of 16 per cent YoY to 15.2Mt. Local dispatches are expected to grow a further 15 per cent YoY in the second half of the financial year, reaching... |
LafargeHolcim announce further Chinese sales04 August 2016, Published under Cement NewsLafargeHolcim has, for the second time in a week, announced that it is to sell some of its Chinese assets. Reuters reports that the company is to sell 13 integrated plants and four grinding stations for CHF208m (US$215m). The assets – currently operated by Lafarge China Cement – are to be purchased by Huaxin Cement, in which LafargeHolcim itself has a 41.8 per cent shareholding. Commenting on the sale, LafargeHolcim CEO Eric Olsen said: "Following our announcement earlier this week to ... |
Pakistan: Gharibwal Cement industrial park04 August 2016, Published under Cement NewsGharibwal Cement Group and China International Trust and Investment Corporation (CITC) have signed a deal to set up an industrial park in Chunian Industrial Estate, Punjab. Chinese investors will establish factories in the 2000 acre industrial park. The project is expected to cost PKR20bn (US$191m). An official of Gharibwal Cement told CemNet that it is a partner in the project and will supply the cement. |
Nigeria: Ashaka Cement signs NGN11bn coal power agreement26 July 2016, Published under Cement NewsAshaka Cement plc has signed a NGN11bn (US$35m) contract with China-based RUNH Power Corp Ltd for the construction of a 16MW lignite-fired coal power plant at its cement plant in Gombe State, Nigeria. The power plant will be operated by firing coal from Ashaka Cement-owned local coal mine reserves located in Maigana, 140km distance from the cement works. Scheduled for completion in 2018, the facility would enable the cement plant to reduce its reliance on the national grid and diesel-... |
China: Jinyuan Cement to raise CNY1.36bn in private share placement12 July 2016, Published under Cement NewsJinyuan Cement plans to raise up to CNY1.36bn (US$204m) in private placement of shares to fund a company acquisition, projects and repay bank loans. In June Jinyuan Cement bought a 51 per cent stake in a Jiangsu-based new materials technology firm from the Jinyuan Holding Group for CNY2.55m. Earlier this year Reuters said the company had scrapped a major asset restructuring plan. Jinyuan Cement reported revenues of CNY95.42m in 1Q16, up from CNY92.36m in 1Q15. The company’s net lo... |
Sri Lanka: Holcim exit causes tension with China and India08 July 2016, Published under Cement NewsThe possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India as the world's largest cement-producing country extends its influence on the island. With strong current positions in the Colombo and Hambantota harbours, this deal would also give China a presence in Galle and Trincomalee in addition to consolidating its presence in Colombo. Holcim presently owns the Ceylon Ambuja... |
China: BBMG sells stakes to Jidong Cement30 June 2016, Published under Cement NewsChinese building materials supplier, BBMG Corp has plans to sell its stakes in 31 cement-related companies to Jidong Cement. The stakes on offer are valued at CNY15.5bn (US$2.3bn). Tangshan Jidong Cement Co Ltd will eventually become a part of BBMG as part of an overall company restructuring. This move comes as the Chinese government tries to get rid of smaller or inefficient players in sectors such as glass, steel and cement. In May 2016 the government stated that it intends would give c... |