Cement News tagged under: North Asia
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... |
China: pandemic to peak carbon02 March 2021, Published under Cement NewsChina’s forthcoming 14th Five-Year Plan commits the country to ‘peak carbon’, but what consequences will this have for the world’s largest cement producer? Previous restructuring efforts have transformed the industry by modernising equipment, improving environmental performance and industry profitability. Continued deep restructuring will be necessary to keep pace with President Xi’s vision of modern China. By modernising equipment and improving its environmental performance, China... |
Hanil Cement reports 3% rise in revenue24 February 2021, Published under Cement NewsSouth Korea’s Hanil Cement has seen a three per cent rise in revenue to KRW974.29bn in 2020, compared to KRW946.19bn in the previous year. Operating profit surged to KRW132.8bn from KRW58.95bn. Net profit also advanced 169.1 per cent YoY to KRW108.97bn from KRW40.5bn in 2019. |
Ssangyong Cement set to change company name24 February 2021, Published under Cement NewsSouth 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 revenue17 February 2021, Published under Cement NewsTaiwan’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 efficiency15 February 2021, Published under Cement NewsHanil 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% YoY09 February 2021, Published under Cement NewsJapan-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 202026 January 2021, Published under Cement NewsChina’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 202014 January 2021, Published under Cement NewsChina’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... |