Cement News tagged under: China
Najran Cement awards new line to Chinese contractor, Saudi Arabia15 May 2013, Published under Cement NewsSaudi cement producer Najran Cement has awarded a contract for the installation and maintenance of a third production line to Chinese firm CEIC. The new production line will have a capacity of 7000tpd and is expected to begin trial operations in 3Q13, the company said in a bourse filing. Najran Cement operates a cement plant situated in Sultana which has two clinker lines of 6000tpd and 3000tpd each. |
Siam Cement appoints Chinese contractor for new Indonesian plant10 May 2013, Published under Cement NewsSiam Cement Group (SCG) of Thailand has signed an agreement with China-based Anhui Conch Design & Research Institute for the construction of a greenfield plant in West Java, Indonesia. The Chinese company, a subsidiary of the Anhui Conch Group, will supply machinery and equipment and provide engineering and construction services for the 1.8Mta plant to be constructed in Sukabumi. The new cement works will be run by Siam Cement’s wholly-owned subsidiary PT Semen Jawa. With an investment to... |
China first-quarter 2013 exports rise10 May 2013, Published under Cement NewsChina exported 2.85Mt of cement and cement clinker worth of US$160m in the first quarter of 2013, a YoY increase of 30.6 per cent and 20.8 per cent respectively, according to data released by the Ministry of Industry and Information Technology. Full year exports last year were expected to have reached 11.5Mt last year, up 8.5 per cent on the 10.6Mt in 2011. |
Barclays lowers China's 2013 pricing forecasts02 May 2013, Published under Cement NewsBarclays has reduced its forecasts for cement prices in China this year to +2 per cent from the previous +5 per cent, according to reports by Dow Jones. It has therefore cut its 2013 earnings per share estimates for cement companies by 1-20 per cent to reflect the lower price realisations, which will be partly offset by lower coal prices and higher sales volumes estimates. Barclays says that its positive view on the improving supply/demand situation in 2013 is unchanged and the near-term po... |
BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China30 April 2013, Published under Cement NewsBBMG Corporation has entered into an agreement to acquire a 66.67 per cent stake in Hebei Taihang Xuaxin Building Materials Co from BBMG Group Company Ltd. The transaction is valued at CNY131.88m (US$21.15m) in cash and will be paid by BBMG to BBMG Group Company within 15 days after the date of the equity transfer agreement. |
South Cement to issue CNY1.5bn bills, China29 April 2013, Published under Cement NewsSouth Cement has said it plans to issue CNY1.5bn (US$243m) in short-term bills with a maturity of 365 days in the interbank market on 2 May 2013 to repay bank loans and replenish the company's working capital. The bills will be issued at face value and the coupon rate determined in the process of book building, the company said in a statement. Both value and payment due date is set on 3 May 2013 and the to-be-issued bills tradable 6 May 2013. Shanghai Brilliance Credit Rating & Investo... |
China’s cement sector seeks to accelerate sustainability initiatives25 April 2013, Published under Cement NewsThe 2013 China International Cement Conference got underway at the Hotel Nikko New Century in Beijing today, welcoming over 300 senior delegates from the country’s large cement sector. Opening the meeting, Mr Qiao Longde, President of the China Cement Association, highlighted some of the successes of the China cement industry, which in recent year has made dramatic strides in adopting more efficient production processes while eliminating backward production capacity. “High-quality dry ... |
Anhui Conch reports first quarter decline, China23 April 2013, Published under Cement NewsChina’s second-largest cement producer by capacity, Anhui Conch Cement, reported a decline in first-quarter net profit but an improved pricing environment has begun to emerge in the company’s key regional markets. Conch said its net profit attributable to shareholders for the first three months of 2013 declined 22.18 per cent YoY to CNY972m. Operating revenue was CNY9.91bn, an increase of 11.8 per cent from a year earlier. On its outlook, Morgan Stanley said: "we still like Conch's... |
Goldman positive on Eastern China markets23 April 2013, Published under Cement NewsGoldman Sachs said it remains positive on China's cement sector but continues to be regionally and stock selective. The investment bank expects further upside to cement prices in Eastern China, given its current lowest inventory across the regions, and least new capacity additions in the year, benefiting Anhui Conch and CNBM. However, Northern/Southern China's cement prices are already under pressure from high inventory/overcapacity. Goldman estimated NSP capacity to increase by 11 and 1... |
Tangshan Jidong Cement net profit drops 88.19%, China16 April 2013, Published under Cement NewsTangshan Jidong Cement net profit drops 88.19 per cent, China Co Ltd net profit slumped 88.19 per cent, the company said in a statement. Operating revenue slid 7.09 per cent YoY to CNY14.61bn (US$2.36bn), with basic earnings per share of CNY0.13. The company plans to pay a cash dividend of CNY1 (including tax) for every ten shares held. Jidong Cement plans to produce 72Mt of cement in 2013, a YoY increase of 20 per cent. |