Cement News tagged under: North Asia

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Hsing Ta Cement sees 24% rise in October revenue

09 November 2020, Published under Cement News

Taiwan’s Hsing Ta Cement has recorded a 23.6 per cent YoY rise in revenue in October, increasing to TWD789.78m (US$27.73m) from TWD638.73m in October 2019. In the January-October period, revenue saw a modest dip of 4.1 per cent YoY to TWD6bn from TWD6.26bn.

China Shanshui Cement sees operating revenue decline 5%

27 October 2020, Published under Cement News

China Shanshui Cement has seen its profit attributable to shareholders decline 6.7 per cent YoY to CNY2.33bn (US$346.97m) for the nine months ended 30 September 2020. Operating revenue also decreased 4.6 per cent YoY to CNY15.31bn in the 9M20.

Taiwanese manufacturers report 9M20 results

12 October 2020, Published under Cement News

Taiwan Cement Corp has seen a 3.7 per cent YoY fall in September revenue to TWD9.75bn (US$340.96m) from TWD10.12bn in the same month last year. In the first nine months of 2020, revenue declined 6.1 per cent to TWD82.25bn from TWD87.56bn. Elsewhere, Lucky Cement saw its September revenue advance 21.9 per cent YoY to TWD380.77m from TWD312.44m in the year-ago period. In the 9M20, revenue climbed 26.3 per cent YoY to TWD3.36bn from TWD2.66bn.

Universal Cement Corp sees 9% rise in revenue in 9M20

08 October 2020, Published under Cement News

Taiwan’s Universal Cement Corp saw a 15.3 per cent YoY rise in revenue in September 2020 to TWD450.89m (US$15.73m) from TWD391.2m in the same month last year. In the first nine months of 2020, revenue increased 9.4 per cent to TWD3.89bn from TWD3.55bn.

Anhui Conch works with China Telecom and Huawei to roll out 5G smart plant

05 October 2020, Published under Cement News

A 5G end-to-end smart factory system developed by China Telecom and Huawei is enabling Anhui Conch to reduce its energy consumption and increased its productivity, resource utilisation and profitability, according to Conch Group Deputy General Manager, Hé Chengfa. It has taken two years to develop and implement the smart factory concept, with the first going into production in Chuzhou, Anhui province. "The cement factory has been transformed into a smart factory end-to-end," said Mr Hé...

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...