Cement News tagged under: North Asia
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... |
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. |