Cement News tagged under: North Asia

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Taiwan Cement shifts focus to green energy and waste

27 May 2022, Published under Cement News

Taiwan Cement Corp (TCC) saw its cement revenue on mainland China fall by 7.8 per cent YoY in the opening quarter of 2022 with the sales volume over the same period contracting by 24.1 per cent, according to Nelson Chang, chairman of TCC, speaking at the company’s annual general meeting on 26 May, 2022. Cement prices in the 1Q22 improved by 18 per cent, but this did little to offset the 195 per cent YoY uptick in the international coal price. However, consolidated revenue advanced by four ...

Sinoma Overseas Development completes SCR project

27 May 2022, Published under Cement News

Sinoma 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...

Asia Cement reports 21% decline in 1Q net profit

13 May 2022, Published under Cement News

Taiwan-based Asia Cement Corp posted a revenue of TWD19.681bn (US$659.1m) in 1Q22, up 10.1 per cent from TWD17.877bn in the 1Q21. However, pretax profit declined 27.6 per cent to TWD3.434bn in the 1Q22 from TWD4.744bn in the corresponding period of the previous year. Net profit decreased 21.3 per cent to TWD2.533bn in the first three months of 2022 from TWD3.2bn in the 3M21.

Chinese cement production drops 12%

05 May 2022, Published under Cement News

China’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 crossroads

20 April 2022, Published under Cement News

China’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...

Taiwan Cement reports 2% rise in March revenue

11 April 2022, Published under Cement News

Taiwan Cement saw its revenue increase two per cent to TWD9971.65m (US$342.96m) in March 2022 from TWD9779.716m. In the first quarter of 2022 the company posted a revenue of TWD22945.614m, up four per cent from TWD22037.652m in the 1Q21.

Mitsubishi Heavy Industries Engineering and Tokuyama Corp to start carbon capture project

30 March 2022, Published under Cement News

Mitsubishi Heavy Industries Engineering Ltd (MHIE), a group company of Mitsubishi Heavy Industries, Ltd (MHI), has signed a memorandum of understanding (MoU) with Tokuyama Corp for the implementation of a CO 2 capture demonstration testing programme at its cement plant. This project will take place for a period of nine months commencing in June 2022, and will be the first time MHIE performs a demonstration test at an operating cement plant. A mobile CO 2 capture test unit manufactured...

Anhui Conch reports drop in profit in 2021

28 March 2022, Published under Cement News

China-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 Tianrui Group Cement posts 2021 profit of CNY1.2bn

24 March 2022, Published under Cement News

China 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.

Sunchon raises output

14 March 2022, Published under Cement News

The Sunchon Cement Complex in North Korea has increased cement output to serve rural construction, according to Korean News. The cement plant is reported to produced tens of thousands tonnes of cement in a short period. The production at the steel foundry and the refractory materials plant was increased to provide the cement complex with sufficient materials and parts to overhaul the factory’s equipment.