Cement News tagged under: China
China Shanshui Cement revenue falls 6.5% in 9M2226 October 2022, Published under Cement NewsChina Shanshui Cement Group Ltd has announced consolidated operating revenue of CNY16,494m (US$2285m) in the first nine months of 2022, down 6.5 per cent from CNY17,571m in the same period last year. Profit attributable to equity shareholders came in at CNY1023m in the 9M22, compared to CNY1780m in the first nine months of 2021. Profit over the same period fell from CNY1862m to CNY1041m. |
China Resources Cement releases profit warning10 October 2022, Published under Cement NewsChina Resources Cement has issued a profit warning, stating that the company expects its profit attributable to the owners to contract by 64-66 per cent in the 9M22, compared to the same period a year earlier. The company is currently in the process of finalising its unaudited consolidated results for the opening nine months of this year, which are due to be published on 21 October, 2022. |
Unprecedented fall in global cement output04 October 2022, Published under Cement NewsThe biggest fall in worldwide cement production in two decades has been recorded, according to the World Cement Association (WCA). The WCA reports that global cement output fell eight per cent YoY to 1.9bnt in the first six months of 2022. The fall was caused by a 15 per cent drop in output to 977Mt in the volume of cement produced in China, the WCA said. Ian Riley, WCA chief executive, said the Chinese decline was the biggest in more than 20 years, with no comparable decline in recent m... |
Chinese cement producers welcome construction boost03 October 2022, Published under Cement NewsManufacturing activity in China has returned to growth with the country’s purchasing managers’ index for the manufacturing sector coming in at 50.1 in September, compared to 49.4 in the previous month, according to the National Bureau of Statistics. Any reading above 50 indicates expansion. The growth comes on the back of an easing of COVID-19 restrictions, recovering domestic demand and a package of macroeconomic stimulus policies. The government's recent steps to stabilise prices, ease ... |
Sinoma Overseas completes kiln inlet emission control test at Dujiangyan plant14 September 2022, Published under Cement NewsOn 9 September 2022, Sinoma Overseas successfully passed the performance assessment for the technological transformation project for ultra-low emission control of air pollutants at the kiln inlet of the Lafarge 1 cement production line in Dujiangyan, Sichuan province, China. All indicators have reached the national environmental performance level A standard, which is far better than the contract required, says Sinoma Overseas. |
Huaxin Cement sees revenue fall 2% in 1H2201 September 2022, Published under Cement NewsChina’s Huaxin Cement Co Ltd has reported revenue of CNY14,389m (US$2087m) in the first half of 2022, down 2.41 per cent YoY. The fall is being blamed on lower cement sales volumes and higher fuel costs. Over the same period, net profit attributable to equity shareholders contracted by 34.9 per cent to CNY1587m. Due to the country’s extreme macro-economic environment, sales volumes of cement and ready-mixed concrete fell 21.5 per cent YoY in the first six months of 2022 to approximately 29Mt... |
Dongwu Cement sees revenue fall 26% in 1H2229 August 2022, Published under Cement NewsChina's Dongwu Cement International Ltd has reported revenue of CNY177.8m (US$25.9m) in the first half of 2022, down 25.7 per cent on the same period a year earlier. In terms of gross profit, a loss of CNY13.5m was seen in the 1H22, compared to a profit of CNY45.6m in the 1H21. According to the company, disruptions arising from the COVID-19 pandemic and subsequent quarantine measures had a significant adverse impact on the group’s revenue and financial performance over the six-month period.... |
Dongwu Cement appoints executive vice president26 August 2022, Published under Cement NewsChina's Dongwu Cement International Ltd has appointed Mr Xu Zhenghua as executive vice president, effective from 24 August 2022. Mr Xu brings with him extensive experience in business operations and management, having served as general manager and assistant general manager at Shanghai Xinhai Aviation Co Ltd, as well as deputy general manager at Oriental International Logistics Co Ltd. He has also previously held various roles at Shanghai Xinhai International Shipping Agency Co Ltd. |
Uzbekistan reduces imports by 25% in 7M2224 August 2022, Published under Cement NewsIn the January-July 2022 period Uzbekistan has imported 1.3Mt of cement, with a value of US$52.2m. In terms of volume, this represents a 24.5 per cent YoY drop from 1.721Mt in the 7M21, reports Asia-Plus. Of this total, 533,000t was exported by Tajikistan, which is the largest importer into Uzbekistan. Other sizeable volumes originated in Kyrgyzstan (385,000t) and Kazakhstan (353,000t). Turkmenistan imported 11,500t, while Iran supplied 6700t and China 1400t. Russia delivered 782t. Tajik... |
West China Cement issues profit warning16 August 2022, Published under Cement NewsWest China Cement has issued a profit warning for the six months ended 30 June 2022. According to the company, net profit attributable to shareholders is expected to fall by 40-45 per cent compared to the same period a year earlier. One of the reasons for the decline is the group’s foreign exchange gain which came in at CNY27.5m (US$4.05m) in the first six months of 2022, compared to a gain of CNY347.3m in the same period in 2021. This is due to the exchange rate difference incurred on int... |