Cement News tagged under: North Asia

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West China Cement provides update on cement project

28 September 2020, Published under Cement News

Following West China Cement’s acquisition of 97.5 per cent of equity interest in Kangding Paomashan Cement Ltd in July 2020, it has now provided an update on the cement project. As such, Kangding Paomashan’s new 1.5Mta plant has completed construction and is ready for commercial production.   West China Cement estimates the annual revenue of the company to be in the range of CNY518-541m (U$75.9-79.3m) based on the relevant prevailing market price in July 2020.

Wenxi Jidong Haitian Cement completes mine restoration

25 September 2020, Published under Cement News

China’s Wenxi Jidong Haitian Cement has restored one of its mines by investing around CNY4m (US$586,000) over three years to plant 20,000 trees and grow enough grass to cover 110,000m 2 . The state-owned company was responding to the government’s call to restore the environment to deserted mines, according to China Daily. "We thought it would be an easy task, just to buy some saplings and grass seeds and to sow them on the mine and leave it to nature. But we were wrong. Many species of tr...

Taiheiyo Cement to transfer equity stake in Qinhuangdao Asano Cement

18 September 2020, Published under Cement News

Japan-based Taiheiyo Cement announced that it would transfer the 71.99 per cent equity stake in its Chinese consolidated subsidiary Qinhuangdao Asano Cement to China's Qinhuangdao Changyang Concrete. A transfer price has not been disclosed, but the transfer is scheduled for the middle of September. After the equity transfer, Qinhuangdao Asano will no longer be a consolidated subsidiary of Taiheiyo Cement. Established in 1995 in Hebei province, Qinhuangdao Asano Cement has been producing cem...

China’s cement production up 4% in July

14 September 2020, Published under Cement News

Chinese cement output increased 3.6 per cent in July as a pick-up in the economy drove cement consumption, according to data from the Ministry of Industry and Information technology. China produced 220Mt of cement in July 2020 when compared with July 2019. In the first seven months of 2020, production declined by 3.5 per cent YoY to 1.22bnt. The sector’s total revenues fell 5.5 per cent YoY to CNY510.9bn (US$74.7bn). Its total profits reached CNY92.6bn.

Asia Cement to purchase additional stake in Chiahui Power

11 September 2020, Published under Cement News

Japan-based Electric Power Development Co, also known as J-Power, is planning to sell its entire stake in  Chiahui Power to Taiwan’s Asia Cement for TWD5.37bn (US$183m). The share sale is subject to the approval of Taiwan’s authorities. Asia Cement, by purchasing the 39.97 per cent share, will raise its stake in Chiahui Power to 99.7 per cent. J-Power initially acquired the Chiahui Power shares from Asia Cement in 2002 and invested around JPY8bn (US$7m) into the firm, making it its lar...

Taiwan's producers see decline in August revenue

10 September 2020, Published under Cement News

Taiwan’s Universal Cement Corp has reported a 3.5 per cent YoY decline in August revenue to TWD366.9m (US$12.5m), against TWD380.4m in the same month of 2019. However, in the January-August 2020 period, the company posted an 8.7 per cent YoY rise in revenue to TWD3.44bn from TWD3.16bn. Elsewhere, Hsing Ta Cement saw a 14 per cent fall in August 2020 revenue to TWD625.7m from TWD727.9m last year. In the first eight months of the year, revenue dipped 7.4 per cent YoY to TWD4.54bn.

Aumund completes orders in Hong Kong and Japan

10 September 2020, Published under Cement News

Aumund Asia in Hong Kong is supplying specially designed Samson ® Material Feeders to customers in Thailand and Japan. The machines are equipped with filters and enclosures so that the intake and onward feeding of fuels can be completed cleanly. One of Aumund's biggest Thai customers operates a plant in Saraburi, just north of Bangkok, where industrial and household waste is pre-treated and made into highly calorific alternative fuel. This lightweight material is tipped by trucks directly...

Lucky Cement posts 23% rise in August revenue

09 September 2020, Published under Cement News

Taiwan’s Lucky Cement has announced a 22.9 per cent YoY rise in August revenue to TWD366.8m (US$12.5m) from TWD298.5m in the same month of 2019. In the first eight months of 2020, the company posted a 26.9 per cent YoY advance in revenue to TWD2.98bn from TWD2.3bn.

Taiwan Cement to provide carbon footprint labels on cement in 4Q20

07 September 2020, Published under Cement News

Taiwan Cement Corp (TCC) has taken a leap forward in its efforts to reduce its carbon emissions by providing the first carbon footprint label for cement in Taiwan. TCC's products will be marked with carbon footprint labels as soon as the 4Q20. At the same time, TCC announced support for Global Cement and Concrete Association (GCCA) "2050 Climate Ambition" statement to continue lowering the carbon footprint of cement and ready-mix concrete products, and aims to deliver carbon-neutral concrete...

West China Cement to raise US$102m in private placement

04 September 2020, Published under Cement News

West China Cement Ltd has announced to raise CNY700m (US$101.9m) in a second tranche of private placement of medium-term notes to investors in China. The tranche has a term of three years and form part of the Medium-Term Notes of Yaobai Special Cement Group Co Ltd. The Agricultural Bank of China Ltd is acting as underwriter and China LIanhe Credit Rating Co Ltd as financial advisor of the offering. Proceeds of the second tranche will be used as general working capital of the group.