Cement News tagged under: China
Shanshui Cement says change of Shandong subsidiary's board was legal11 December 2015, Published under Cement NewsShanshui Cement on Thursday night issued a statement saying that its change of the board and management of its subsidiary, Shandong Shanshui Cement Group, was "legally valid and [does] not violate the relevant laws and regulation of the PRC", based on legal advice from its Chinese lawyers. The statement was in response to allegations made by the Shandong subsidiary, which issued a statement on 4 December that Shanshui Cement's removal of management and directors from Shandong Shanshui was... |
China: Anhui Conch Cement chairman retires07 December 2015, Published under Cement NewsAnhui Conch Cement Co said Friday chairman Guo Wensan is resigning as he has reached the retirement age. The Hong Kong-listed company said Vice Chairman Wang Jianchao will assume the chairman's duties until a new chairman is elected by the board. |
China Shanshui begins legal proceedings against two former directors04 December 2015, Published under Cement NewsChina Shanshui Cement Group said after trading hours Thursday that it has begun legal proceedings against former directors Zhang Caikui and Zhang Bin for alleged unlawful conduct and breach of fiduciary duties. Both Zhangs have been removed as directors of Shandong Shanshui, a unit of the Hong Kong-listed cement company, and the company has terminated their roles in the company for "their misconduct and negligence," it said in an exchange statement. (Source: Dow Jones) |
Anhui Conch to double West China Cement stake30 November 2015, Published under Cement NewsAnhui Conch Cement Co has agreed to more than double its stake in West China Cement Ltd for HK$4.59bn (US$592m). Conch International Holdings (HK), a wholly owned unit of Anhui Conch, plans to increase its holding in Shaanxi-based West China from 21.17 per cent to to 51.57 per cent, the companies said in a filing to the Hong Kong exchange Friday. If the transaction goes through, Anhui Conch will have to make a mandatory cash offer for all shares of West China it doesn’t own, the filing show... |
China Resources Cement new line commences operations24 November 2015, Published under Cement NewsOn 15 November 2015, China Resources Cement (Lianjiang) Ltd, a wholly-owned subsidiary of the China Resources Cement, commenced operation of its first cement grinding line with a production capacity of 1Mta in Lianjiang City, Guangdong province. The new production line will strengthen the company’s competitive edge in the south-western part of Guangdong, China Resources Cement said in a statement. |
Claudius Peters' ETA Cooler® exceeds 13,000tpd in China19 November 2015, Published under Cement NewsLaunched in 2004 by Claudius Peters Projects GmbH, the ETA Cooler® has reached a new capacity milestone as a model with a capacity of over 13,000tpd went into production earlier this year in China. Over the last decade or so the company has progressively offered the market increasingly higher capacity models, now reaching 13,000tpd – currently the world's highest capacity cement line production. Even higher capacity is feasible, the company states. Reiner Frühling, managing director of Cla... |
China Shanshui Cement top shareholder to fund bond redemption19 November 2015, Published under Cement NewsChina Shanshui Cement's top shareholder, Tianrui Group, said it will provide funds to the cash-strapped firm to redeem a US$500m global bond, Reuters reports. "Tianrui Group shall cause Shanshui Cement to have sufficient funds in order to support the redemption of such 2020 Notes as required," China Tianrui Group said in a notice to the Hong Kong Stock Exchange late on Tuesday. China Shanshui is holding an extraordinary general meeting on 1 December to decide on certain changes in the... |
Coal prices set to fall further18 November 2015, Published under Cement NewsCement producers can expect to look forward to lower coal prices as world demand for the commodity is expected to fall and over-investment in mines is causing a production hike. China’s slowing economic growth is forecast to see the country’s coal demand fall faster than its domestic supply, even after mine production cuts, thus affecting imports into the Asian nation. Chinese coal imports are contracting by a record 50Mt to 85Mt this year and further decreases are expected for 2016-17, a... |
Producers in north China to trial winter peak shifts18 November 2015, Published under Cement NewsChina’s Ministry of Industry and Information Technology (MIIT) has unveiled a document to ask cement enterprises in northern China to carry out peak-shifting production on a trial basis in winter. The peak-shifting production in the domestic cement industry will help not only ease the haze, but also enhance climate in the cement market and reduce producers' costs, said industry contacts. It is reported that due to the fierce market competition, cement enterprises in north China would pr... |
Loesche wins new Saudi cement grinding order12 November 2015, Published under Cement NewsArabian Cement Co (ACC) has placed an order with CNBM (China) for a cement grinding plant including two Loesche vertical roller grinding mills. ACC is planning to build a new brownfield cement line in Rabigh, Saudi Arabia, with a clinker production capacity of 10,000tpd. Phase 1 of the project involves increasing grinding capacity prior to the completion of the new line (ie, Phase 2). Loesche's scope of supply includes two large LM 63.3+3 vertical roller grinding mills with a table... |