Cement News tagged under: China
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... |
Sludge co-processing progress and prospects16 August 2022, Published under Cement NewsChina has significant potential for the development of cement kiln co-processing technologies of municipal sludge and other solid wastes. In this article, a dry sludge disposal project at a cement plant in Guangdong, China, provides an example of the impact of kiln co-processing on plant operations and air emissions, and puts forward the development direction of this technology in the country. By Hui Li, Jiazhuang Hui and Liang Zhao, Tianjin Cement Industry Design and Research Institute Co ... |
China Shanshui Cement issues profit warning19 July 2022, Published under Cement NewsChina Shanshui Cement Group has issued a profit warning for the first half of 2022. Profit attributable to equity holders of the company for the six-month period will decrease by no less than 60 per cent compared the same period a year earlier, according to a report on Dow Jones Newswire. The fall is being blamed on the pandemic, climatic factors, and market demand, which fell in the opening half of the year, resulting in a contraction in both cement sales and operating revenue versus the... |
Sinoma Overseas Development completes SCR project27 May 2022, Published under Cement NewsSinoma Overseas Development’s selective catalytic reduction ( SCR) denitrification project with Lanfeng No2 cement production line in Sichuan, China, has been successfully completed. This ultra-low emission renovation project for air pollutants of cement kiln contracted by Sinoma Overseas passed the performance test before being transferred to the owner, with all indicators reaching Chinese A-level standards and outperforming the agreed in the contract. The project adop... |
Chinese cement production drops 12%05 May 2022, Published under Cement NewsChina’s cement production in the opening quarter of 2022 has fallen by 12.1 per cent YoY, according to Fitch Ratings. This is being attributed to ongoing lockdowns due to the pandemic, which is curbing production of basic materials including steel that has seen a 10.5 per cent drop in production over the same period. The country is also seeing subdued construction activity as the property sector remains weak and high input costs continue to inflate product prices, such as cement, steel an... |
China at a crossroads20 April 2022, Published under Cement NewsChina’s cement industry stands at a crossroads as the country embarks on its 14th Five-Year Plan (2021-25) and the country confirms its goal for peak carbon by 2030 and carbon neutrality by 2060. Restructuring efforts continue to transform the cement sector and the industry is now setting its sights on ‘double-carbon’ ambitions and actions. By Fei Chen and Bailin Chen, China Cement Association. China’s cement sector is at a crossroads as the country aims for peak carbon by 2030 and ca... |
Anhui Conch reports drop in profit in 202128 March 2022, Published under Cement NewsChina-based Anhui Conch saw its profit slip to CNY33.3bn (US$5.2bn) in 2021 when compared with CNY35.19bn in the previous year, according to Dow Jones Newswires. The company’s revenue in 2021 declined to CNY167.95bn, down from CNY176.29bn in 2020, as market demand softened. Anhui Conch said it expects to continue to face low market demand this year, as well as high raw material and energy costs. |
China Resources reports turnover of HKD44bn in 202124 March 2022, Published under Cement NewsChina Resources Cement announced consolidated turnover amounted to HKD44bn (US$5.62bn) in 2021, representing an increase of 9.7 per cent over the previous year. Profit amounted to HKD7.8bn, or a decrease of 13.3 per cent when compared with 2020. External sales volumes of cement, clinker and concrete reached approximately 81.3Mt, 3.3Mt, and 14.8Mm 3 , respectively, in 2021. The capacity utilisation rates of cement, clinker and concrete production lines were 93.6, 100.6 and 40.9 per cent, r... |
China Tianrui Group Cement posts 2021 profit of CNY1.2bn24 March 2022, Published under Cement NewsChina Tianrui Group Cement Co Ltd has reported a profit attributable of CNY1.2bn (US$188.4m) in 2021 when compared with CNY1.86bn in 2020. The company’s revenues increased to CNY12.72bn in 2021, up from CNY12.17bn in 2020, according to Reuters. |