Cement News tagged under: North Asia

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Ssangyong Cement set to change company name

24 February 2021, Published under Cement News

South Korea’s Ssangyong Cement will change its company name to SsangYong C&E. The new name, which takes the first letters of cement and environment, reflects the company’s desire to promote environment-friendly values, according to the company. The change will be finalised at a regular shareholders meeting on 25 March. "For the past 60 years, we have led Korea’s cement industry and contributed to the country’s industrialisation and economic development. With the know-how we have gathered ...

Chia Hsin Cement Corp sees 19% rise in January revenue

17 February 2021, Published under Cement News

Taiwan’s Chia Hsin Cement Corp has posted an 18.5 per cent YoY rise in revenue to TWD195.48m (US$6.98m) in January 2021. The company reported a revenue of TWD165m in January 2020.

Hanil Cement improves drilling efficiency

15 February 2021, Published under Cement News

Hanil Cement opted to invest in an intelligent Epiroc SmartROC T35 surface drill rig from Epiroc for use at its limestone quarry near Danyang, in the north-eastern region of South Korea. For Hanil Cement’s whole machine fleet, the average number of drill metres per hour in September 2020 was 26.2, whereas for the SmartROC T35 it was 28.6. Likewise, average diesel consumption the whole fleet was 27.9lph, whereas for the SmartROC T35, it was 17.4lph. Sang-Gil Lee, Hanil Cement’s resource tea...

Taiheiyo Cement 9M net profit advances 22% YoY

09 February 2021, Published under Cement News

Japan-based Taiheiyo Cement Corp saw its 9MFY20-21 revenues ended 31 December 2020 slip by 1.6 per cent to JPY652.71bn (US$6.23bn) from JPY662.99 in the year-ago period. However, operating profit advanced by 14.3 per cent from JPY42.16bn in 9MFY19-20 to JPY48.2bn in the 9MFY20-21.Pretax profits rose 16.4 per cent from JPY42.41bn to JPY49.35bn in the April-December 2020 period while net profits were up 21.6 per cent to JPY37.15bn from JPY30.54bn over the period. The company expects revenu...

China reports 2% rise in cement production for 2020

26 January 2021, Published under Cement News

China’s National Bureau of Statistics (NBS) has reported a 1.6 per cent YoY rise in cement output to 2.377bnt for 2020. The construction of 3203 projects started across the country in December 2020, with a total investment of CNY2.69trn (US$415.6bn). Cement prices in China are also expected to maintain stable in 2021 due to improving supply-demand relations, according to Xinhua News. Many local authorities have now set a goal for infrastructure construction this year. Hubei Province...

Huaxin Cement announces profit decline for 2020

14 January 2021, Published under Cement News

China’s Huaxin Cement expects its net profit to decrease by 9-14 per cent YoY in 2020, compared to CNY6.3bn (US$974m) in the previous year, according to preliminary calculations by the company’s financial department. The company’s performance last year has been attributed to the severe impact of the pandemic in the first half and the large-scale flooding of the Yangtze River in July. Prices also declined, negatively impacting operating income. However, in the third and fourth quarters of...

Asia Cement Corp reports 3% increase in December revenue

08 January 2021, Published under Cement News

Taiwan’s Asia Cement Corp has reported a 2.5 per cent YoY increase in revenue to TWD8.32bn (US$297.2m) for December 2020, compared with TWD8.12bn in the year-ago period. In the full-year 2020, revenue declined 12.4 per cent YoY to TWD78.24bn from TWD89.34bn.

MIIT raises old-capacity elimination levels in China to enable new capacity projects

18 December 2020, Published under Cement News

China has unveiled stricter draft rules for new cement plants, increasing the amount of old capacity that producers need to retire as they propose new capacity. The tougher regulations intensify a three-year-old programme intended to reduce CO 2 emissions. Under the new rules, cement producers must retire at least 2t of outdated capacity for every tonne of new capacity in areas classified as environmentally sensitive, up from the current 1.5:1 ratio, says the Ministry of Industry and I...

Taiwan's producers see fall in November revenue

10 December 2020, Published under Cement News

Taiwan Cement Corp has reported a 6.8 per cent YoY decline in revenue for November to TWD10.89bn (US$385.81m) from TWD11.68bn in the year-ago period. In the January-November period, revenue fell 6.4 per cent YoY to TWD103.4bn. Elsewhere in the country, Asia Cement Corp’s revenue was down one per cent to TWD7.92bn from TWD8bn in November 2019. In the first 11 months of the year, revenue fell 13.9 per cent YoY to TWD69.9bn from TWD81.2bn. Hsing Ta Cement also posted a 17.4 per cent dip i...

Lucky Cement reports 16% rise in November revenue

09 December 2020, Published under Cement News

Taiwan’s Lucky Cement has reported a 16.3 per cent YoY increase in revenue for November 2020, rising to TWD402.13m (US$14.24m) from TWD345.87m in November 2019. In the January-November 2020 period, revenue climbed 23.5 per cent YoY to TWD4.14bn from TWD3.35bn.