Cement News tagged under: North Asia
Mitsubishi UBE Cement Corp to collaborate with Malaysia on CCS project17 October 2024, Published under Cement NewsMitsubishi UBE Cement Corp (MUCC) – in collaboration with The Kansai Electric Power Co Inc, Kyushu Electric Power Co Inc, Cosmo Oil Co Ltd, The Chugoku Electric Power Co Inc, Electric Power Development Co Ltd Mitsui & Co Ltd and Resonac Corp – was commissioned by the Japan Organization for Metals and Energy Security (JOGMEC) to conduct a survey of the Carbon Capture and Storage (CCS) Project for the Southern Offshore Malay Peninsula in FY24 under the terms of the "Engineering Design Work f... |
Anhui Conch Cement and AVIC sign decarbonation collaboration agreement11 October 2024, Published under Cement NewsAnhui Conch Cement Co (Conch Group) and AVIC International Beijing Co Ltd (AVIC Intl BJ) have signed a strategic agreement to integrate their international business development efforts and promote technological innovation aimed at decarbonising cement production. The partnership combines Conch Group’s vast experience in cement production and equipment manufacturing with the global equipment, solutions, and engineering expertise of AVIC Intl BJ subsidiary KHD Humboldt Wedag International A... |
Korean cement producers face pressure from Chinese imports04 October 2024, Published under Cement NewsCement producers in South Korea have been voicing discontent about local construction firms looking to import low-priced cement from China. The country's domestic cement prices have grown by approximately 50 per cent in the last three years to reach KRW114,147/t (US$84.6/t). Chinese imports are currently around 15 per cent cheaper (KRW97,280/t) than domestic prices, according to local media. Korea suffers from rising labour costs, escalating energy prices and the need for an industrial tr... |
Sunchon Cement plant raises production23 September 2024, Published under Cement NewsThe Sunchon Cement plant in the North Korea has launched a drive to increase its production. The plant's officials and workers set a detailed readjustment and reinforcement goal to increase output at the plant this year. They carried out air separator repairs, along with increasing the operating rate of the quarry equipment and vehicles, which has boosted raw material grinding capacity. In addition calcination has been improved, with a positive effect on the operating times of kiln... |
U-Ming purchases two new cement carriers11 September 2024, Published under Cement NewsTaipei-listed dry bulk ship owner U-Ming that it has bought two new cement carriers to replace older vessels. The new vessels are expected to operate with improved fuel efficiency and be more environmentally friendly. The delivery dates were not available. U-Ming operates five cement carriers with sizes ranging from 6169dwt to 12,340dwt, built between 1980 and 1995. |
China to include cement in national carbon trading10 September 2024, Published under Cement NewsChina has announced its draft plan to expand the country’s carbon trading market by including cement as well as electrolytic aluminium and steel, seeking public feedback. The draft plan is a significant step in expanding the world’s largest carbon trading market as it currently only covers coal-fired power generation. It would increase the market’s coverage to ~60 per cent of the country’s total carbon emissions. The results of a comprehensive evaluation of seven sectors to assess their r... |
Semen Indonesia International clinker exports to Taiwan up 80%21 August 2024, Published under Cement NewsPT Semen Indonesia International (SII) reported a significant increase in clinker exports to Taiwan in the first half of 2024. Clinker exports to Taiwan reached 0.564Mt, up 80 per cent YoY from 0.314Mt in the 1H23. The increase reflects the growing demand from Taiwan’s construction industry, which is increasingly reliant on Indonesian clinker. SII's President Director, Ridwansyah, stated that the rise in export volume to Taiwan is the result of hard work and collaboration among SIG, PT ... |
China steps up drive for alternative fuels20 August 2024, Published under Cement NewsChina’s cement industry is in line to receive a new raft of legislation designed to encourage the drive away from fossil fuels to alternative fuels. This month the government raised its renewable energy targets through the 2024 Renewable Consumption Quota Obligations. Compared to last year’s draft targets, most provinces saw their renewables quota increase by an average of 2.3 percentage points. Notably, Sichuan, Qinghai and Yunnan provinces have already achieved a 70 per cent Renew... |
Southeast Cement sees 2Q net profit down 11%14 August 2024, Published under Cement NewsTaiwan-based Southeast Cement Corp has posted a revenue of TWD604.62m in the second quarter of 2024, ended 30 June. This represents a 1.7 per cent decrease from TWD615.383m in the 2Q23, according to the Taiwan Stock Exchange. However, pretax profit was up 3.7 per cent to TWD82.59m in the 2Q24 from TWD79.67m in the 2Q23. Net profit declined by 11.4 per cent YoY to TWD59.306m from TWD66.944m. Earnings per share slipped from TWD0.12 to TWD0.10. |
Sumitomo Osaka Cement posts 1QFY24-25 results09 August 2024, Published under Cement NewsSumitomo Osaka Cement has shared consolidated financial results for the first quarter of the FY24-25. The company reported a revenue of JPY53.23bn (US$354.8m) for the quarter ended 30 June 2024, representing a 0.9 per cent increase from the JPY52.77bn reported in the same period a year previous. Although sales volume of cement was down compared to the 1QFY23-24, the company has raised domestic sale prices in a response to rising costs. Operating profit surged from JPY127m in ... |