Cement News tagged under: China

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China sees strong cement demand at the end of 2019

12 December 2019, Published under Cement News

A financial data provider has reported that average prices of cement in big Chinese cities have picked up 15 per cent since September, ending eight months of decline. The central government also lowered capital requirements for infrastructure projects such as railways, ports and toll roads. Cement consumption in the fourth quarter in China exceeded expectations . "There is a pronounced rebound in infrastructure construction towards the end of the year," said Chen Bolin, China Cement Associa...

Cemex subsidiary to enter Chinese market

20 November 2019, Published under Cement News

Cemex's venture capital unit has announced that it will be entering the Chinese market through a partnership with Glodon, a local provider of digital platform services for the industry, and Interdream Ventures, a venture capital firm seeking to digitise the construction and decoration industries. "This type of alliance between two joining segments is key to finding new successful business models and operating in the Chinese market," said Juan Nieto, Cemex Ventures' representative in Asia. ...

Renewed interest in CIMAIKO

14 November 2019, Published under Cement News

A Chinese company is reported to be interested in relaunching the CIMAIKO cement plant near Kisangani, in the Democratic Republic of Congo. A delegation consisting of Justine Mbombo, advisor to the Ministry of Industry, and the production manager of Yang Engow Engineering of China is prospecting the local area for limestone suitable for cement production. Yang Engow Engineering intends to start the installation of the plant as soon as possible, with January 2020 as a tentative date, acco...

China sees 7% increase in cement output during the 9M19

05 November 2019, Published under Cement News

China's cement output stood at 1.69bnt in the first nine months of 2019, up 6.9 per cent YoY, according to the Ministry of Industry and Information Technology (MIIT). During the period, the sector’s total operating revenue increased 14.3 per cent YoY to CNY719.9bn (US$102.4bn). Combined profits surged 25.3 per cent YoY to reach CNY131.8bn in the 9M19. However, cement prices saw continuous drops during the Jan-Aug period, with the August cement price index falling 6.3 per cent from January.

Gansu Qilianshan Cement increase building materials stake to 80%

04 November 2019, Published under Cement News

Gansu Qilianshan Cement Group Co Ltd has agreed to buy an additional stake in Gansu Zhangye Julong Building Materials Co Ltd. Following the acquisition, Gansu Qilianshan Cement will hold a stake of around 80 per cent in the company. On 6 June 2019 Gansu Qilianshan Cement acquired an additional 22.78 per cent stake in Gansu Zhangye Julong Building Materials, up from 26 per cent initially.

FLSmidth China joins WCA as associate member

04 November 2019, Published under Cement News

FLSmidth China, a wholly-owned subsidiary of FLSmidth A/S, has joined the World Cement Association (WCA) as an associate member. "As a leading contributor to cement production around the world, we share responsibility for driving the sector towards more sustainable productivity," said Cyril Leung, country head of FLSmidth China. "We are inspired by the work already done by the WCA to seek collaborative approaches to some of the central environmental and technological issues and opportuniti...

Asia Cement (China) Holdings Corp posts 40% 9M profit rise

30 October 2019, Published under Cement News

Asia Cement (China) Holdings Corp has reported a 16.3 per cent advance in revenues to CNY9.18bn (US$1.299bn) in the 9M19 when compared with CNY7.89bn in the 9M18, according to Reuters. Attributable profit came in at CNY2.24bn in the nine-month period, representing a 40 per cent increase YoY from CNY1.6bn. Cementitious sales are expected to reach 30.9Mt in the FY19.

China Resources Cement profit edges up 3% in 3Q

28 October 2019, Published under Cement News

China Resources Cement reported a 3.2 per cent YoY increase in 3Q profit to HKD9.31bn (US$1.19bn) in 2019 when compared with HKD9.02bn in the year-ago period. The company’s profit remained largely stable at HKD2.03bn in the 3Q19 when compared with HKD2.07bn in the 3Q18.

China steps into the lime light

25 October 2019, Published under Cement News

As the urbanisation rate in China increases and the government legislates for a more sustainable society, the use of lime is set to expand. This is expected to lead to the modernisation and consolidation of the country’s lime industry with fewer but larger lime plants, equipped with modern technology. By China Lime Association, China. Figure 1: lime demand in China’s industrial sectors, 2018 Following 40 years of rapid growth, China’s economic and social development has achieved...

China Tianrui Group Cement enters into new clinker supply agreement

17 October 2019, Published under Cement News

China Tianrui Group Cement has entered into a new clinker supply framework agreement with Ruiping Shilong, which will remain active until 31 December 2021. While an existing clinker supply agreement for the same term has been active since 1 April 2019, the company has stated that the actual transaction amount may exceed the proposed annual cap. Therefore, the new agreement will supersede the previous arrangement.