Cement News tagged under: North Asia
Taiwan Cement plant has 107MWh battery commissioned26 September 2023, Published under Cement NewsNhoa Energy, a unit of Nhoa SA, formerly Engie EPS, has announced the commissioning of a 107.3MWh energy storage project at a Chinese plant of Taiwan Cement Group (TCC Group). Announcing the system's completion recently, TCC Group said Nhoa Energy had designed and developed the 43.2MW energy storage system. Located at TCC Group’s Yingde plant in Guangdong province, the battery is the main part of one of the largest industrial microgrids, Nhoa, which is majority owned by TCC. The Nhoa ... |
Fitch downgrades West China Cement04 September 2023, Published under Cement NewsFitch Ratings has downgraded West China Cement Ltd ’s (WCC) long-term issuer default rating (IDR) and its senior unsecured debt rating from BB to BB- due to the cement producer's aggressive capex, primarily outside China. The outlook on the IDR is negative. According to Fitch, WCC has been investing heavily since 2021 with a focus on overseas markets, resulting in higher leverage and persistently negative free cash flow. In 2022 West China spent CNY3bn (US$412.7m) in capex, 84 per cent of... |
Tokuyama cement selects ABB Ability™ Expert optimizer25 August 2023, Published under Cement NewsABB has delivered the advanced process control solution ABB Ability™ Expert Optimizer system to control, stabilise and optimise industrial processes at the Tokuyama Nanyo cement plant in Japan. The commissioning of ABB Ability™ Expert Optimizer enables Tokuyama to reduce about three per cent of thermal energy consumption in the kiln as well as maintain operational quality at the Nanyo plant, one of the largest single factories in Japan, says ABB. Tokuyama Cement manufacture... |
Taiheiyo to build new terminal in Philippines22 August 2023, Published under Cement NewsJapan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fernando, Cebu. Taiheiyo Cement Philippines Inc (TCPI) will build and operate the planned hub to distribute its Grand-branded cement products, according to TCC President and Representative Director, Masafumi Fushihara. The 0.7Mta project is the next step in serving a market that TCPI has estimated to have increase... |
A new chapter for China15 August 2023, Published under Cement NewsAfter implementing continuous COVID-19 response measures over the past three years, China re-opened its doors to the world in December 2022. Having been impacted by pandemic-related restrictions as well as domestic and international headwinds, the country is now starting a fresh chapter with new obstacles and opportunities ahead. By Fei (Grace) Chen, China Cement Association, China. In 2022 China’s cement industry experienced one of its most challenging times in years and is now embar... |
Taiheiyo Cement joins Japanese CCS value chain study03 August 2023, Published under Cement NewsTaiheiyo Cement Corp has joined six other companies in a feasibility study into the use of advanced carbon capture and storage (CCS) in Japan. The study forms part of Japan’s Ministry of Economy, Trade and Industry’s goal to harness CCS, particularly in hard-to-abate industries, to help reach the government’s targets of a 46 per cent reduction in greenhouse gas emissions (compared to FY13) by FY30, and carbon neutrality by 2050. The study was initially launched in January this year wit... |
China Shanshui issues profit warning19 July 2023, Published under Cement NewsChina Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 per cent compared to the same period a year earlier. According to the company, the contraction is due to the lower price of its cement products over the six-month period. |
China starts CCUS focus14 July 2023, Published under Cement NewsThis week China announced the launch of its largest carbon capture, utilisation and storage (CCUS) project for the cement sector to date. The China United Qingzhou Co Ltd's 200,000tpa "Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project" can be considered one of China's early pioneering trials for CCUS. As the largest producer of cement in the world, China is not expected to achieve peak CO 2 emissions until 2027. However, with China's leading engineer... |
China United Qingzhou Co launches China's largest CCUS project12 July 2023, Published under Cement NewsOn 28 June 2023, the China United Qingzhou Co Ltd’s 200,000tpa Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project was successfully launched. This project is currently the largest carbon capture and utilisation project in the China cement industry, the first of its kind in Shandong province, and the first cement sector carbon capture and utilisation project of China National Building Materials Group. The investment has been listed as one of the first... |
China Resources Cement Holdings issues profit warning12 July 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has issued a profit warning for the six months ended 30 June 2023. According to the company, it expects to report a 63-38 per cent contraction in profit attributable to the owners, compared to the same period in the previous year. The decline is being attributed to lower selling prices of the group’s products over the six-month period, along with lower sales volumes over the same timeframe, compared with the first six months of 2022. The drop is also be... |