Cement News tagged under: China

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China’s balancing act

27 March 2019, Published under Cement News

2018 marked the 40th anniversary of China’s “Reform and Opening Up”, the name given to the hugely successful economic reforms instigated by Deng Xiaoping in 1978, which initiated the country’s transformation from a largely agricultural nation into the second- largest economy in the world. This remarkable period has seen China’s economy enjoy an uninterrupted, multi-decade economic boom and lifted tens of millions out of poverty. China’s cement producers are mid-way through a key phase...

The road to global leadership

25 March 2019, Published under Cement News

With China’s One Belt, One Road initiative increasing momentum, demand for cement is set to rise. ICR speaks with Romain de Laubier and Arne Burfeind of Boston Consulting Group (BCG) to gauge the impact on the global cement industry and its drive to expand its production capacity. Romain de Laubier – partner and managing director at Boston Consulting Group, Paris & Tokyo ICR: How would you define China’s One Belt, One Road (OBOR) initiative, which is visibly gaining momentum? W...

China Tianrui full-year profit 21% up in 2018

18 March 2019, Published under Cement News

China Tianrui Group Cement reported a 21 per cent increase in profits to CNY1.21bn in 2018 when compared with CNY1bn the previous year. The company’s revenues were up 19.5 per cent from CNY8.42bn in 2017 to CNY10.06bn in 2018.

Vietnamese exports rise 15% in February

12 March 2019, Published under Cement News

Vietnamese exports have risen 15.2 per cent in volume and 36.3 per cent in value for February 2019, rising to around 2.5Mt and US$105m, respectively. The average export price has increased 18.3 per cent YoY to US$42/t, according to the country’s Foreign Trade Agency. The three main export markets for Vietnamese cement were the Philippines, China and Bangladesh at 2.1Mt in February, accounting for more than 75 per cent of total exports. In the first two months of the year, exports were up 7....

Construction to begin on Nepali-Chinese joint venture

01 March 2019, Published under Cement News

Huaxin Cement Narayani, a Nepali-Chinese joint venture, is set to begin construction on its facility in Dhading district, Nepal, within the next few days. "The promoters of the company have informed us that they will lay the foundation stone on Friday and start the construction," said Uttam Bhakta Wagle, spokesperson at the Investment Board Nepal (IBN). The company has already acquired a limestone mine from the country's Department of Mines and Geology through a global tender for NPR60...

Anhui Conch

27 February 2019, Published under Cement News

Kawasaki Heavy Industries has delivered two CK Mills to China’s Jiande Conch Cement via Anhui Conch Kawasaki Energy Conservation Equipment Manufacturing (CKM), a joint venture between Kawasaki and Anhui Conch Group. The mills are type CK490 and boast the highest production capacity available from Kawasaki at 220tph. They have a table track diameter of 4900mm, a 5100kW motor and four rollers. Kawasaki is handling the design and technical guidance on the project, while CKM is in charge of m...

Sinoma Energy to supply Athi River plant

22 January 2019, Published under Cement News

China’s Sinoma Energy Conservation has signed a KES25.5bn (US$251m) deal to power Devki Group’s Athi River cement plant and its Mombasa-based raw steel processor. Sinoma announced in regulatory filings last week that the kiln waste-heat project at the new Athi River plant and the other to power the steel plant in Kilifi will be built over a period of 20 months to produce a combined 53.5MW.

Chinese manufacturer to enter Sri Lankan market

22 January 2019, Published under Cement News

A Chinese cement manufacturer will set up a plant in the Hambantota Export Processing Zone, Sri Lanka, according to Nalin Bandara, deputy minister of Development Strategies and International Trade. Although the name of the manufacturer has not been released, it is the first time that a Chinese manufacturer has entered the country's market. "Since most of the regional markets have large cement manufacturers, this Chinese company would mainly concentrate on Sri Lankan markets," said Mr Banda...

BBMG to sell 7 cement companies to Jidong Cement

10 January 2019, Published under Cement News

BBMG Corp has announced that it will sell the entire equity interests in seven cement companies to China’s Jidong Cement for a total consideration of CNY1.54bn (US$227.06m). BBMG and Jidong have also agreed to contribute CNY1bn to the registered capital of their joint venture, BBMG Jidong Cement (Tangshan) Co Ltd. According to a statement, the agreements are to resolve issues of competition between the two companies.

China accounts for 15% of Central American cement imports

07 January 2019, Published under Cement News

In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by two per cent from US$75.6m to US$77.1m in the 6M18 when compared with the year-ago period. Around 15...