Cement News tagged under: China

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Grinding plant and quay berths acquired by CK Infrastructure Holdings

25 April 2018, Published under Cement News

Cheung Kong Infrastructure Holdings has acquired a cement grinding station and three quay berths in Yun Fu city in Guangdong province, China, at CNY180m (US$28.5m). The agreement was made for the purchase with Chuang Dong Chemical Ltd. The facility covers an area of 68,000m 2 and it has cement grinding capacity of 1Mta. The three berths handle an average 3Mta, CKI said. CKI;s subsidiary Green Island Cement (Yunfu) will own the new assets and clinker produced by Green Island Cement in Hong ...

Vietnam exports rise 68 per cent in the 1Q18

19 April 2018, Published under Cement News

Vietnam has seen a 68 per cent increase in cement exports for the 1Q18, following the shutdown of several Chinese plants, according to Viet Nam News. Nguyễn Quang Cung, vice chairman of the Vietnam Building Material Association, announced that production in the country surged 18 per cent YoY in the quarter, marking the first time it had recorded high growth against an annual increase of approximately 10 per cent. The growth in exports was due to the policy change of the Chinese governm...

China United Cement joins the WCA

04 April 2018, Published under Cement News

The World Cement Association (WCA) has announced that China United Cement Corporation (CUCC) has joined as a Corporate Member. CUCC is a cement company with a production capacity of 80Mta and more than 70 branches and subsidiaries all over China. With the corporation joining the international association, WCA now covers 35 countries.

Annual VDMA Building Material Plants Day held in Frankfurt

30 March 2018, Published under Cement News

The annual VDMA Building Material Plants Day highlights the efforts made by plant manufacturers who supply the cement industry and many others. "We anticipate that incoming orders will once again grow in the double-digit range this year," said Hermann Weckenmann, Chairman of the VDMA Building Material Plants Group. Mr Weckenmann noted the increase in demand anticipated from emerging countries and China, according to a press release. In particular, German building material plant manufactur...

Leading cement producers: 2017 overview

29 March 2018, Published under Cement News

On the whole, 2017 was a year of growth for the world's leading cement producers. HeidelbergCement saw its revenues advance by 13.8 per cent YoY, while China's Anhui Conch reported sales growth of 34.7 per cent. Dangote recorded an improvement in revenue of 31 per cent while Cemex, Buzzi Unicem, Vicat and CRH all saw more marginal expansions of between two and 5.1 per cent YoY (see Figure 1). The only major to report a fall in sales revenue was LafargeHolcim, dipping 2.9 per cent as its ceme...

Anhui Conch

26 March 2018, Published under Cement News

Anhui Conch has signed a contract worth CNY78.38m (US$12.38m) with its sister company, Conch Design, for the provision of engineering services to what the company describes as “certain projects”. The contract reportedly covers services such as engineering design and/or technical upgrading, including clinker production lines, cement grinding mills, aggregate, commercial concrete and residue heat electricity generation projects. Both companies are subsidiaries of Anhui Conch Holdings Co Ltd.

China Tianrui records revenue increase for 2017

23 March 2018, Published under Cement News

China Tianrui Group Cement has announced that its profit attributable to owners rose 238.6 per cent YoY for the full-year 2017 period, increasing to CNY1bn (US$158.47m) from CNY295.8m. Revenue advanced 40.1 per cent on the previous year, reaching CNY8.42bn. Gross profit grew by 58 per cent YoY to CNY2.40bn, while the gross profit margin rose to approximately 28.5 per cent. This has been attributed to a greater increase in cement and clinker prices than in production costs.

Sinoma Cement joins the World Cement Association

23 March 2018, Published under Cement News

The World Cement Association (WCA) announced today that Sinoma Cement is the latest addition to its international membership spanning 35 countries. Sinoma joins as a corporate member. "Sinoma Cement was one of the first Chinese companies to pursue an international business strategy, and we naturally look forward to working with an organisation that values the importance of a global network," said WCA Secretary General, Norman Greig. Sui Yumin, chairman of Sinoma Cement, noted: "The Wo...

CEO of Shanshui Cement Group resigns

20 March 2018, Published under Cement News

China’s Shanshui Cement Group has announced that its CEO and executive director, Li Heping, has resigned with immediate effect. Elsewhere, Liu Yiu Keung has stepped down from his role as chairman of the board and executive director of the company. Li Zhiqiang has also resigned from his position as vice chairman of the board and executive director. Following this, Li Liufa has been appointed as the chairman of the board and an executive director of Shanshui Cement.

China Resources Holding forecasts significant increase in 1Q18 earnings

12 March 2018, Published under Cement News

China Resources Cement Holdings (CRCH) said it expects a "significant increase" in group net profit for the first quarter ending on 31 March 2018, after it more than doubled its profit last year. Average selling prices of the company's cement products were about 33 per cent higher over the first two months of 2018 from a year earlier, the company said in a stock exchange filing. CRCH's group net profit jumped to HKD3.62bn (US$462m) in 2017, rising about 173 per cent from the year-ago perio...