Cement News tagged under: China

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China cement output rises 4.8%

20 March 2012, Published under Cement News

Cement production from China rose by 4.8 per cent in the first two months of 2012 to reach 216Mt. However, growth slowed by 4.3 percentage points from the same period last year, the National Development and Reform Commission (NDRC) reported. In February, the average cement price was CNY376.5/t down, down CNY31 from December 2011 but up CNY5.5/t YoY.

West China Cement buys stake in Shifeng Cement

16 March 2012, Published under Cement News

West China Cement has agreed to acquire a 55% interest in Shaanxi Shifeng Cement at CNY401.5m. The company has been granted an option to acquire a 10 per cent interest in Shifeng Cement for CNY73m. Shifeng Cement operates a 4500tpd clinker line with an annual capacity of 2Mta.

Credit Suisse: earnings downside risk in China cement sector

15 March 2012, Published under Cement News

Credit Suisse says that data points in the past two weeks further weakened in the Yangtze Delta (YZD) while southern/central sough demands remains stagnant, as continued weak demand in (YZD) and surrounding provinces and new supply pressure drove another CNY20-60/t price cut in the region. The house says that earnings remain vulnerable to downside risk, driven by weakening cement prices and potential disappointment in sales volume, with data at the end of February suggesting a 35-75 per c...

South Cement to issue CNY1.5bn in bills, China

13 March 2012, Published under Cement News

South Cement Co controlled by state-owned China National Building Materials Co, has announced plans to sisue CNY1.5bn worth of 365-day unsecured bills on the internet bank market on 15 March, according to reports by China Knowledge Press. The coupon rate will be determined in the process of book building. Both value date and payment due date is set on 19 March and the to-be-issued bills tradable on 20 March. Proceeds from the issuance will be used to repay bank loans and replenish workin...

FLSmidth to tap market for air pollution control equipment in China

09 March 2012, Published under Cement News

FLSmidth has achieved authority approval of its first acquisition in China. Together with a minority shareholder, FLSmidth has started a company to market and sell air pollution control products to the cement industry in China. This local company is groundbreaking for FLSmidth as it combines local presence and relations with global technologies and resources. It will make FLSmidth, overnight, a powerful player in the multibillion dollar Chinese market for environmental control technologies. ...

Henan Tongli Cement net profit surges, China

08 March 2012, Published under Cement News

Henan Tongli Cement, a cement producer based in the Henan Province of China, announced a net profit of CNY240.74m (US$38.1m) for 2011 which represents an 87.35 per cent YoY increase. Operating revenue, meanwhile, totaled CNY4.02bn, up 44.6 per cent on the previous year.

Big coolers, big challenges

07 March 2012, Published under Cement News

With an annual cement consumption of about 1.85bnt, China is by far the world´s largest cement market. This has created a demand for high-capacity clinker lines similar to those procured by the Anhui Conch Cement Company in autumn 2009 for its Wuhu and Tongling plants. While two lines have been erected and exceed their 12,000tpd design capacity, the third one is due to start up in April 2012. For the coolers of these new lines, Anhui Conch turned to Germany-based IKN. Dr Daniel Strohmeyer an...

Conch sees China demand rising, Indonesian plans proceeding ‘smoothly’

07 March 2012, Published under Cement News

Chairman of Anhui Conch, Guo Wensan, has said that Chinese cement demand growing despite curbs on the housing market. Speaking to Dow Jones Chinese Financial Wire on the sidelines of the National People’s Congress, Mr Wensan said the government's drive to push the construction of subsidised affordable housing is successfully offsetting declining cement demand from the private housing market. Cement demand from the 10 million affordable housing units started last year will peak from the s...

China Resources 2011 sales rise, expansion plans

06 March 2012, Published under Cement News

China Resources Cement Holdings, reported a rise in revenues for 2011 and outlined plans for further capacity expansion.  The company, which is the largest cement producer in South China, earned HK$4.18bn in net profit attributable to shareholders last year, reflecting YoY increase of 105 per cent. Last year the company’s cement, clinker and concrete sales surged 49.4 per cent, 104.3 per cent and 28.4 per cent, respectively. Average cement sales prices increased 10 per cent to CNY369.5...

Investments in China cement sector drops

27 February 2012, Published under Cement News

Investment in China’s cement sector declined 8.3 per cent YoY to CNY143.9bn (US$22.85) in 2011, the country’s Ministry of Industry and Information Technology (MIIT) reported. The decline was the first drop in five years amid the government’s policies to curb overcapacity, MIIT said in a statement on its website. The figure was 40.2 percentage points lower than the average level of the building materials industry, the MIIT added. Investments in the eastern region fell 13.5 per cent Y...