Cement News tagged under: North Asia
Lucky Cement posts 23% rise in August revenue09 September 2020, Published under Cement NewsTaiwan’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 4Q2007 September 2020, Published under Cement NewsTaiwan 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 placement04 September 2020, Published under Cement NewsWest 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. |
West China Cement posts 5% fall in net profit25 August 2020, Published under Cement NewsWest China Cement has announced a 5.3 per cent YoY decline in net profit for the first half of the 2020, down to CNY752.3m (US$108.7m) from CNY793.5m in the 1H19. Revenue also fell 9.1 per cent YoY to CNY3.01bn from CNY3.31bn. Profits reportedly held up better than revenue due to a slight gross margin expansion on the back of lower coal costs and efficiency improvements. |
Anhui Conch's 1H20 profit rises 5.3%24 August 2020, Published under Cement NewsAnhui Conch Cement's net profit rose in the 1H20, on the back of a resumption of construction projects in Asia and higher sales in western China. However, due to the COVID-19 pandemic, cement sales volumes fell across the regions the company operates in, except for west China. The cement company's net profit increased by 5.3 per cent to CNY16.09bn (US$2.33bn) during the period, the company reported. First-half operating revenue rose 3.3 per cent to CNY74.01bn. The company said it will se... |
China Resources Cement records 11% rise in profit24 August 2020, Published under Cement NewsChina Resources Cement saw its net profit rise 11 per cent YoY to HKD4.19bn (US$540.6m) for the first half of 2020. Revenue fell three per cent to HKD16.88bn, on the back of lower cement sales volumes. "The gradual stabilisation of infrastructure construction and the real-estate market, as well as the steady progress of urbanization and rural construction, will be conducive to the stable development of the cement industry," said the company. |
BBMG Corp sees net profit fall 50%20 August 2020, Published under Cement NewsChina’s BBMG Corp has seen its net profit fall 50 per cent YoY to CNY1.52bn (US$219.6m) for the first half of 2020. Operating revenue also declined 8.3 per cent to CNY40.93bn, attributed to a dip in results from the cement and ready-mix concrete segments. The company has stated that cement sales rebounded in the second quarter, but its future development will face certain risks as the COVID-19 crisis continues. |
Taiheiyo Cement's operating profit rises 17% YoY12 August 2020, Published under Cement NewsJapan’s Taiheiyo Cement announced a 41.8 per cent YoY decline in net profit to JPY3.2bn (US$29.96m) for the quarter ending June 2020. However, operating profit advanced 17.1 per cent YoY to JPY7bn while sales edged downwards by three per cent to JPY200.5bn. The cement sales volumes for its China business decreased due to the impact of COVID-19. |
China's cement imports surge in May11 August 2020, Published under Cement NewsThe imports of cement into China soared in May to 4Mt, twice the level seen at the start of the year as the housing market rebounded and infrastructure spending showed strong growth, according to brokerage Braemar ACM. The increase in incoming trade is helping smaller-sized bulk carriers, said the brokerage firm. |
Hsing Ta Cement records 10% rise in revenue for July11 August 2020, Published under Cement NewsTaiwan’s Hsing Ta Cement saw a 9.8 per cent YoY increase in revenue to TWD656.18m (US$22.3m) in July 2020, compared with TWD597.88m in the year-ago period. In the first seven months of the year, revenue declined 6.2 per cent YoY to TWD3.9bn from TWD4.17bn. |