Cement News tagged under: China

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China to reduce cement capacity by 70Mta

08 July 2019, Published under Cement News

The 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in the country are expected to shut down any production lines that produce less than 2000tpd and upgrade those with outdated technology to achieve this goal.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 Conch

17 June 2019, Published under Cement News

Cosco 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 mode

04 June 2019, Published under Cement News

The 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 1Q19

03 June 2019, Published under Cement News

Vietnamese 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...

Shanshui Cement to work with Conch Venture on waste utilisation projects

03 June 2019, Published under Cement News

China Shanshui Cement Group Ltd has entered into a strategic cooperation agreement with China Conch Venture Holdings Ltd to collaboratively develop projects for the treatment of industrial solid and hazardous waste by cement kilns. According to an announcement, the projects would look to use China Shanshui Cement’s production lines in Shandong and northeast China. Conch Venture is expected to supply technology and management, with both companies integrating resources to form a complete ind...

UltraTech Cement

22 May 2019, Published under Cement News

Following its acquisition of Binani Cement, UltraTech Cement is now looking to sell the 3Mta integrated cement plant in China and 2.5Mta grinding plant in UAE it inherited as part of the deal. Prior to the agreement with UltraTech, Binani had tried to sell its 90 per cent stake in the Chinese plant but was unsuccessful. Finding a buyer for the UAE grinding works is also expected to be difficult due to overcapacity in the country. Meanwhile, UltraTech is pushing ahead with its plans to est...

Huaxin Cement begins Zafarabad plant build in Uzbekistan

22 May 2019, Published under Cement News

China’s Huaxin Cement Co Ltd has started construction on the 1.2Mta cement plant in Zafarabad district, Jizzakh region in Uzbekistan. Output from the plant is expected to be 480,000t of M400 Portland cement and 720,000Mt of M500 cement with 10 per cent of volumes earmarked for export. The facility represents an investment of US$150m, financed through direct investment and borrowed funds. As part of he investment project implementation, Huaxin Cement Co established a foreign subsidiary, H...

Soil and wind-blown sand cement developed in China

17 May 2019, Published under Cement News

Chinese researchers at Ximjiang Communications Construction Group Co Ltd claim to have developed a low-cost and environmentally-friendly cement with ingredients that include natural soil and wind-blown sand. The new 'green cement' also includes construction waste and steel slag and is said to halve both construction costs and time. The cement has been developed to be used in the construction of road infrastructure, railway lines, airports, forestry, agriculture, water conservancy, electric ...

Shanshui Cement reduces loss to CNY210.89m

03 May 2019, Published under Cement News

Shanshui Cement has narrowed its loss to CNY-210.89m (US$-31.3m) for the 1Q19, according to a company statement. In the 1Q18 the company loss reached CNY-471.22m. Shanshui’s operating revenue increased by 41.5 per cent YoY to CNY2.58bn in the first quarter while its gross profit was CNY682.03m, up 43.3 per cent YoY.

China's cement production level to hold steady through to 2020

29 April 2019, Published under Cement News

China's cement output has fallen from a peak in 2014 but will hold steady through 2020, according to a report from global ratings agency Moody’s. The lower production volume reflects the closer of inefficient capacity and winter production, where the government reportedly seeks to reduce emissions. "The lower production volume and steady demand support the price of cement," said Roy Zhang, assistant vice president and analyst. "Such prices will help sustain producer margins." Prices are ...