Cement News tagged under: Huaxin Cement
Nepal approves Chinese US$140m cement plant21 December 2015, Published under Cement NewsNepal has endorsed a foreign direct investment (FDI) proposal by China’s Huaxin Cement Co to establish a cement plant in Nepal. The US$140m cement works project is in partnership with Narayan Cement Co. In July, the country also approved a US$360m FDI proposal by China’s Hongshi Holdings Ltd to build a domestic cement works in partnership with Nepal’s Shivam Cement. |
Huaxin plans Kazakhstan plant investment29 October 2015, Published under Cement NewsChinese cement producer Huaxin Cement plans to invest US$150m in the construction of a cement plant in Aktobe region of Kazakhstan. Construction of the dry-process cement works, to be located in the village of Priozernoye in Kargaly district, is scheduled to start in 2016, according to local press reports/ On Wednesday Regional Governor Berdibek Saparbayev met representatives of the Chinese corporation. It is expected that a cooperation agreement between the regional administration and Hua... |
China: Huaxin first-half profit plunges 82%24 August 2015, Published under Cement NewsHuaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holcim group company said thesix-month decline was attributed to lower clinker and cement prices (-12 per cent YoY) offsetting higher sales volumes (23Mt, +1.4 per cent YoY, together with increaesd finance expenses (+9 per cent YoY). Revenue declined by 11 per cent YoY to CNY6.4bn, but this was partially offset by lower cos... |
China: Hubei ETS compliance deadline postponed13 July 2015, Published under Cement NewsChinese cement firms under Hubei's carbon market will be forced to spend millions of yuan to meet targets as authorities rejected pleas for leniency, but they now have more time to do so after the postponement of Friday's deadline, Reuters reports citing traders. Initially the 138 companies covered by the Hubei scheme, a third of which are cement firms, were supposed to hand over permits by 31 May 2015. The deadline was extended to 10 July, but 27 companies had still not got enough permits ... |
China: Hubei producers may default on carbon obligations12 June 2015, Published under Cement NewsCement producers participating in the carbon market in China's Hubei province have told the local government they cannot afford the millions of yuan required to buy permits to cover mitigation obligations for 2014 and may default, according to a document seen by Reuters. The 138 companies covered by the Hubei exchange have to hand over carbon permits this month to settle their obligations for last year. Around a quarter are cement firms, who complain they were not allocated enough credits,... |
Tajikistan ratifies agreement on new plants12 February 2015, Published under Cement NewsTajikistan's lower chamber of parliament on Wednesday ratified an investment agreement signed between Tajikistan and Chinese cement producer Huaxin for the construction of two greenfield plants. With a combined production capacity of 2.2Mta, the two plants will be built in Bobojon Ghafurov district and Danghara Free Economic Zone, said Lochin Fayzulloev, first deputy chairman of the State Committee on Investment and State-owned Property Management, at the parliamentary session. The agre... |
Sinoma Energy Conservation signs Tajikistan contract17 November 2014, Published under Cement NewsSinoma Energy Conservation announces that it signed a contract to build a 25MW self-generation power plant for 3000tpd clinker production line in Khudzhand, Tajikistan for Huaxin Cement. |
Huaxin expects strong rise in full-year net profit, China22 January 2014, Published under Cement NewsHuaxin Cement expects net profit to increase by between 105-125 per cent YoY in 2013 compared to a profit of CNY556m in 2012 when it suffered from severe pricing competition. The Hubei Province-based producer, part of the Holcim Group, attributes the profit growth to increasing sales and reduced production costs. |
Huaxin subsidiary to buy 20% of Shide Golden Eagle Cement, China08 July 2013, Published under Cement NewsHuaxin Cement announced that its wholly-owned subsidiary Huaxin (Hong Kong) International Holdings, has signed an agreement with Starry Cosmos Group Ltd to acquire a 20 per cent equity in the latter’s Shide Golden Eagle Cement (Hong Kong) Co. Shide Golden Eagle Cement (Hong Kong) owns 99.8 per cent equity in Enping Shide Golden Eagle Building Material Co. Enping Shide is constructing a 4000tpd new dry-process cement clinker production line. Huaxin Hong Kong will hold 65 per cent of Shide... |
Huaxin Cement subsidiary buys stake in Success Eagle Cement05 July 2013, Published under Cement NewsHuaxin Cement Ltd's wholly-owned Hong Kong subsidiary recently signed an equity transfer agreement with Starry Cosmos Group Ltd to acquire a 20 per cent stake in Success Eagle Cement (Hong Kong) Ltd for HKD75m (US$9.7m), the company announced on 3 July After the deal, Huaxin Cement's Hong Kong subsidiary will hold a 65 per cent stake in Success Eagle Cement. |