Cement News tagged under: North Asia
A change in direction for Taiwanese cement producers01 April 2021, Published under Cement NewsTaiwan's cement sector saw tremendous growth in 2020, after the country acted rapidly and very successfully to contain the COVID-19 pandemic. Cement consumption rose from 9.48Mt in 2019 to 10.07Mt in 2020, a rise of 6.2 per cent, according to data released by the Taiwan Cement Manufacturers' Association. Cement consumption previously exceeded 10Mt in 2015, when it peaked at 10.6Mt. It fell to 8.88Mt in 2017 before recovering to its current level, and in 2021 it is forecast to reach 10.36Mt,... |
West China Cement sees sales volumes rise 3%30 March 2021, Published under Cement NewsWest China Cement has seen its attributable profit decrease 13.4 per cent YoY to CNY1560m (US$237.48m) in 2020, compared with CNY1801.3m in the previous year. Revenue was down 1.6 per cent YoY to CNY7131m from CNY7247m in 2019, while EBITDA fell 3.3 per cent to CNY2997m. However, total cement and clinker sales volumes rose 3.1 per cent YoY to 19.9Mt from 19.3Mt. Cement volumes improved 4.3 per cent to 19.6Mt. |
Taiwan Cement reports company revenue of TWD114.36bn in FY2023 March 2021, Published under Cement NewsTaiwan Cement has announced its consolidated financial results for the year ended 31December 2020, as compared to the corresponding period of last fiscal year. Company r evenue amounted to TWD114.36bn (US$4.02bn) and the gross profit margin totalled 32.9 per cent compared to 29.3 per cent in FY19. Operating income was TWD31.34bn and net income was TWD25.09bn, an increase of 3.7 per cent. Edward Huang, senior vice president, said: "In 2020 Taiwan Cement made achievements i... |
Huaxin Cement Xiangyang Co Ltd invests CNY1.5bn in building materials industrial park22 March 2021, Published under Cement NewsThis year, Huaxin Cement Xiangyang Co Ltd is investing an additional CNY1.5bn (US$230.6m), in its original cement building materials project. Huaxin Xiangyang Building Materials Industrial Park will see the construction of an active calcium production project and a fine sand project over the next three years. The first phase of the 'Commercial-Concrete Integration' project will invest CNY40m to build a concrete production line with an annual capacity of 1Mm 3 . It is planned to be c... |
Tangshan Jidong Cement reports 3% rise in income18 March 2021, Published under Cement NewsChina’s Tangshan Jidong Cement has reported a 2.8 per cent YoY increase in operating income to CNY35.48bn (US$5.46m) for 2020, compared to CNY34.51bn in the previous year. Net profit attributable to shareholders also increased 5.5 per cent to CNY2.85bn from CNY2.7bn in 2019. |
China Resources Cement reports 4% profit increase16 March 2021, Published under Cement NewsChina Resources Cement has seen its profit attributable to owners rise four per cent YoY to HKD8.96bn (US$1.15bn) for 2020. The company also posted a turnover of HKD40.09bn in 2020, up 2.9 per cent YoY. Basic earnings per share reached HKD1.283, while a final dividend of HKD0.34 is expected to be distributed. |
China’s path to green growth15 March 2021, Published under Cement NewsIt’s been almost 25 years since Changming Gao, senior consultant of FLSmidth (Beijing) Co Ltd, proposed the ‘Four-Zero and One-Negative’ sustainable development strategy. Since then, continuous improvements and innovation have enabled the cement industry in China to make considerable progress along the green growth track. By Changming Gao, FLSmidth (Beijing) Co Ltd, China. Major Chinese producers such as Huaxin Cement (pictured) have taken the lead in driving the domestic cement in... |
Taiwanese manufacturers report mixed start to 202110 March 2021, Published under Cement NewsTaiwan’s Lucky Cement has seen a 28.5 per cent fall in revenue to TWD279.07m (US$9.85m) in February 2021, compared to TWD390.29m in the year-ago period. In the first two months of the year, revenue advanced 1.4 per cent YoY to TWD696.4m from TWD686.68m. Elsewhere, Hsing Ta Cement reported a 4.7 per cent YoY decline in revenue to TWD190.34m from TWD199.78m in February 2020. However, revenue surged 37.4 per cent YoY to TWD929.57m in the 2M20. Chia Hsin Cement has seen a 3.8 per cent YoY dro... |
Taiwan Cement Corp reports 5% rise in revenue09 March 2021, Published under Cement NewsTaiwan Cement Corp has reported a 9.3 per cent YoY decline in revenue to TWD4.54bn (US$160.19m) for February 2021, compared with TWD5bn in the year-ago period. In the first two months of the year, revenue advanced five per cent YoY to TWD13.13bn from TWD12.5bn in the 2M20. |
CNBM begins restructuring cement business05 March 2021, Published under Cement NewsChina National Building Materials (CNBM) has begun restructuring its cement business and has subsequently sold China United Cement, Sinoma Cement, as well as a 99.9 per cent stake in South Cement and a 95.7 per cent stake in Southwest Cement, to its Xinjiang Tianshan Cement subsidiary for a total consideration of CNY88.25bn (US$13.64bn). Tianshan Cement will issue 442,343,026 consideration shares for the amount, alongside a cash consideration of CNY3.97bn. CNBM will have an 87.5 per cent... |