Cement News tagged under: North Asia

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China leads cement revolution in Africa

09 July 2024, Published under Cement News

Cement demand in China continues to collapse, and profits are pitiful, leading to some Chinese cement companies accelerating an already aggressive drive into Africa. By Tony Hadley African Advisory Ltd, Cyprus. China leads the rush into the African cement industry: Huaxin Cement completes Maweni plant in Tanzania (© Embassy of China – Tanzania) S o firstly, to China. Cement demand had fallen from its 2014 peak by ~17 per cent in 2023 (see Figure 1), of no surprise to indu...

Huaxin Cement wins WCA 2024 innovation award

19 June 2024, Published under Cement News

Huaxin Cement has won the Innovation Award of the World Cement Association 2024 for its Intelligent Low-Carbon Cement Manufacturing Technology (ILCCM). Huaxin is the only cement company with two consecutive WCA Innovation Awards, having previously won it in 2023 for its "Development and Application of Low Carbon and Nitrogen Reduction Ultra Large Scale Cement Production Technology and Equipment,” said the WCA. Under the leadership of CEO Yeqing Li, Huaxin has been recognised as a global...

Taiwan Cement to operate as TCC Group Holdings

27 May 2024, Published under Cement News

Taiwan Cement Corporation (TCC) held its shareholders' meeting on 21 May 2024 officially announcing the transformation of the 78-year-old company into a group holding company, shifting its English name from Taiwan Cement Corporation to TCC Group Holdings. This marks a significant leap into 11 industries, spreading its presence across 13 international markets.  TCC's Chairman, Nelson Chang, highlighted that 60 years ago, TCC operated as a cement-only supplier. TCC has now advanced to becom...

Sangwon Cement boosts production

09 May 2024, Published under Cement News

The Sangwon Cement plant in North Korea has successfully completed the cement production task for the construction of regional-industry factories this year. The plant has steadily increased its production. Higher production results are attributable to the efforts of operators of the central control room, who have scientifically analysed the condition of equipment and applied rational operation method accordingly. Officials and workers of the Sangwon Limestone Mine, the Samchong Mine and...

Huaxin Cement sees revenue advance 7% YoY

01 May 2024, Published under Cement News

Huaxin Cement has posted revenue of CNY7.08bn (US$977m) in the first quarter of 2024, ended 31 March, up 6.9 per cent on the same period a year earlier. Net income over the same timeframe declined 28 per cent to CNY177.5bn. Meanwhile, the profit margin fell from 3.7 per cent in the 1Q23 to 2.5 per cent in the 1Q24, reportedly driven by higher expenses. Earnings per share in the 1Q24 stood at CNY0.09, down from CNY0.12 in the year ago period.  According to Simply Wall St, revenue exce...

Ultra-fine low-carbon cementitious material developed

25 April 2024, Published under Cement News

Researchers at Anhui Southern Cement Co, China, have developed an ultra-fine low-carbon cementitious material that can be used to improve the properties of concrete and cement. The new material is made from slag powder and fly ash, waste products from the steel and coal industries. This study found that replacing cement with new materials can effectively improve the mechanical properties of concrete. In the cement production process, replacing 15 per cent of cement raw materials with ne...

Anhui Conch revenue up 7% YoY in 2023

22 April 2024, Published under Cement News

Anhui Conch Cement has beaten analyst expectations by posting revenue of CNY141bn (US$19.5bn). This marks a 6.8 per cent increase on the previous year. Net income in 2023 came in at CNY10.7bn, down 33 per cent on 2022, while the profit margin fell 12 per cent YoY in 2023. According to the company, the decline in margin was driven by higher expenses. Earnings per share in 2023 stood at CNY2.02, compared to CNY2.99 in 2022. 

Taiwan Cement Corp to introduce electric tractor units

22 April 2024, Published under Cement News

Taiwan Cement Corp (TCC) will bring Taiwan Transport and Storage Corp's (TTSC) first electric tractor units into operation to transport cement – the first company in the country to use electric vehicles to transport building materials, reports the Taipei Times. TTSC unveiled its first electric tractor unit manufactured by Volvo Trucks in a ceremony in Taipei on 18 April. The company's chairman, Koo Kung-yi, said about 12 per cent of carbon emissions in Taiwan come from the transportation s...

West China Cement welcomes new CEO

17 April 2024, Published under Cement News

West China Cement has announced the resignation of Mr Wang Fayin as an executive director of the company, effective from 16 April 2024. It has also named Ms Wang Rui as the new executive director and chief executive officer, also with effect from 16 April 2024. Ms Wang is vice-chair and party secretary of the general branch of Yaobai Special Cement Group Co Ltd, a wholly-owned subsidiary of West China Cement. She has held that role since January 2023 and is responsible for overseeing t...

Fitch Ratings expects Taiwan Cement to maintain credit profile after earthquake

12 April 2024, Published under Cement News

The BBB-/Stable credit profile of Taiwan Cement Corp (TCC) is unlikely to be affected by the equipment damage and operational disruption caused by the 3 April 2024 earthquake in eastern Taiwan, according to Fitch Ratings. Repairment costs and lost revenue in relation to the earthquake should not damage TCC's financial profile, as the amounts are immaterial relative to TCC's EBITDA of TWD20bn (US$619.7m) and TWD126bn of cash on hand as of end-2023. The company's preliminary assessment esti...