Cement News tagged under: China

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Dongwu Cement records 60% revenue increase in 1H18

23 August 2018, Published under Cement News

China-based Dongwu Cement International Ltd has reported a 60.4 per cent YoY increase in revenue to CNY219.49m (US$31.9m) for the six-month period ended 30 June 2018. Total profit for the period surged to CNY28,593m, compared with CNY7726m in the year-ago period. The cement sector recorded a considerable increase in sales volume, operating income and gross profit as a result of the steady demand and rising prices in the country, according to the company's unaudited financial report. In t...

Taiwan Cement posts record quarterly profits

13 August 2018, Published under Cement News

Taiwan Cement Corp posted a record 2Q profit, due mainly to higher cement prices in China, rising sales and increased contribution from its China-based subsidiary, TCC International Holdings Ltd. The Taipei-based firm's 2Q18 net income, attributable to the parent company, hit TWD7.06bn (US$229.9m), up 228.71 per cent YoY from TWD$2.15bn, the company said in a filing with the Taiwan Stock Exchange. Consolidated revenue rose 34.83 per cent to TWD33.32bn from TWD24.71bn, while gross margin...

Anhui Conch reports positive profit expectations

24 July 2018, Published under Cement News

The Board of Anhui Conch has announced it expects to record a YoY increase of CNY5373-6717m (US$788.3-985.4m) in its net profit attributable to equity holders for the six months ended 30 June 2018, prepared in line with PRC accounting standards). In 1H17 the company’s unaudited net profit attributable to equity holders reached CNY6717m while the net profit after extraordinary items attributable to equity shareholders reached CNY5123m. The company attributes the rise mainly to the signifi...

FLSmidth and CNBM sign framework agreement

19 July 2018, Published under Cement News

FLSmidth and China National Building Material (CNBM) have signed a framework agreement to offer the cement industry more competitive plant solutions. Song Zhiping, chairman of CNBM Group, and Thomas Schulz, Group CEO of FLSmidth, signed the framework agreement at a high-level meeting at the FLSmidth headquarters in Denmark this week. "It was a pleasure to welcome the guests and to participate in such collaborative discussions about future opportunities to work together. Through this framew...

Chinese producers expect significant rise in 1H18 net profit

10 July 2018, Published under Cement News

China’s Huaxin Cement has announced that it expects 1H18 net profit to rise 179-192 per cent YoY, compared to CNY728m (US$109.94m) of the year-ago period, according to Reuters. Elsewhere in the country, Jiangxi Wannianqing Cement has also announced that it expects a significant surge of 440-490 per cent YoY in net profit for the period.

RHI Magnesita undertakes major investment in China

27 June 2018, Published under Cement News

Refractory specialist RHI Magnesita will invest EUR20m in its dolomite plant in Chizhou, Anhui province in China. The step is part of a decisive response to address global pressures in the supply of raw materials to the refractory industry and rapidly provide additional volumes to its worldwide customers, said the company in a statement. The Chizhou site includes an extensive dolomite mine and raw material production as well as facilities for the production of high-quality dolomite-bas...

CNBM adds 18.7% stake in Southwest Cement

21 June 2018, Published under Cement News

China National Building Material (CNBM) said it agreed to purchase a 18.7 per cent equity interest in Southwest Cement Co from Zhonghai Trust Co Ltd for CNY1918m (US$295.1m). The acquisition would increase CNBM’s stake from 70 per cent to 88.7 per cent. It would strengthen CNBM’s bottom line, quality asset management and improve return on investment as the southwestern China market continues to improve as a result of supply-side structural reforms.

Taiwanese cement industry records sales surge in May

14 June 2018, Published under Cement News

The Taiwan Stock Exchange (TWSE) has announced that the cement industry was amongst the top three sectors in terms of YoY sales growth in May 2018, alongside the semiconductor and fuel/utility sectors. Over the period, 645 listed companies reported a YoY increase in revenue, while 271 saw a fall. Sales generated by listed cement businesses noted a 34.3 per cent YoY surge in revenue to TWD21.1bn (US$701.98m) on the back of rising demand from China, according to data complied by the TWSE.

Anhui Tongling Conch temporarily suspends three production lines

13 June 2018, Published under Cement News

Anhui Tongling Conch Cement Co Ltd was required to suspend operations of a cargo pier in late May, according to a notice jointly issued by the Tongling Environmental Protection Bureau and Tongling Port and Shipping (Local Maritime) Bureau, China. Since the pier is an important channel for the shipping of cement and clinker products as well as the delivery of raw coal to the company’s cement plant, its suspension has resulted in a temporary halt at three of Tongling Conch’s clinker lines. Th...

Siemens seals agreements for Belt and Road Initiative

08 June 2018, Published under Cement News

Siemens has entered into more than 10 agreements with Chinese partners in support and exploration of opportunities from the Belt and Road Initiative (BRI) in projects that target the market potentials of countries and regions such as Indonesia, the Philippines, Nigeria, Mozambique as well as South America. At the Belt and Road International Summit held by Siemens, the company signed agreements with a number of leading Chinese enterprises, including China Gezhouba Group Corporation Internat...