Cement News tagged under: North Asia
Taiheiyo Cement Corp orders Aumund equipment for new power plant31 July 2020, Published under Cement NewsTaiheiyo Cement Corp, Japan’s largest cement producer, has started its new biomass and coal power plant in Ofunato. Until now conveying of biomass in Japan has been dominated by domestic manufacturers, but the Aumund Hong Kong team successfully convinced its customer of the merits of the conveying technology solutions offered by Aumund for both of these types of fuel. Taiheiyo Engineering Corp ordered three Aumund bucket elevators and an Aumund drag chain conveyor. The customer chose two i... |
Xinjiang Tianshan set to acquire six CNBM subsidiaries28 July 2020, Published under Cement NewsXinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to a filing to the Shenzhen Stock Exchange. To complete the deal, Tianshan suspended trading of its shares on the Shenzhen Stock Exchange Monday for a period of no more than 10 days. CNBM with a cement capacity of more than 500Mta has been the largest indirect shareholder of Xinjiang Tianshan Cement Co since 2018, when... |
Japanese cement producers help reduce plastic waste27 July 2020, Published under Cement NewsJapan's cement companies are investing to use more plastic waste as fuel to produce cement. Taiheiyo Cement plans to employ new technology for efficiently making coal from plastic and deploy dedicated equipment at nine works in Japan. Meanwhile, Sumitomo Osaka Cement is pouring CNY10bn (US$93.6m) into environmental efforts, including handling plastic waste, by FY22. Japan shipped 1.5Mta of plastic waste abroad until 2017, according to Ministry of Finance data. This fell to 1.01Mt i... |
Taiwan Cement and Oyak fined for JV notification failure22 July 2020, Published under Cement NewsChina's State Administration for Market Regulation (SAMR) has fined Taiwan Cement and Ordu Yardimlasma Kurumo (Oyak) for failure to notify the establishment of their joint venture, Dutch Oyak TCC Holdings BV, in 2018. SAMR considered the transaction to be notifiable in China, as Taiwan Cement and Oyak both had control over the joint venture and it met the turnover threshold, reports Lexology. Oyak transferred its existing Turkish cement business and assets to the joint venture in exchange f... |
Taiwan's producers report positive June results10 July 2020, Published under Cement NewsTaiwan’s Universal Cement Corp has reported a 28.2 per cent YoY rise in its revenue to TWD453.56m (US$15.39m) for June 2020, compared to TWD353.93m in the year-ago period. In the first half of the year, the company saw revenue increase 8.8 per cent to TWD2.59bn. Elsewhere, Chia Hsin Cement Corp saw a 27.5 per cent advance in revenue to TWD166.77m from TWD130.82m in June 2019. In the 1H20, revenue climbed 11.4 per cent YoY to TWD992.3m. In June 2020 Taiwan Cement Corp noted that its revenu... |
Tangshan Jidong Cement reports fall in net profit10 July 2020, Published under Cement NewsChina’s Tangshan Jidong Cement has reported its results for the first half of 2020. The company saw its net profit fall around 30.3-34.3 per cent YoY to CNY0.98-1.04bn (US$139.82-148.38m) in the 1H20. In the first half of last year, the company announced a net profit of CNY1.49bn. |
Henan to hike water and electricity fees09 July 2020, Published under Cement NewsThe Chinese province of Henan will increase water and electricity tariffs for cement and steel producers that have failed to meet ultra-low emissions standards, said the provincial environmental regulator. Henan is home to six of the country’s 20 most-polluted cities, reports Reuters. To address the emissions, companies that do not meet emissions treatment or clean transportation requirements will have to pay an additional CNY0.05-0.1/m 3 (US¢0.7-1.4/m 3 ) for water and an extra CNY0.01-0... |
Lucky Cement sees 33% rise in June revenue09 July 2020, Published under Cement NewsTaiwan’s Lucky Cement has posted a 32.6 per cent rise in revenue to TWD360.6m (US$12.25m) for June 2020, compared to TWD272m in the year-ago period. In the first six months of the year, revenue advanced 28.3 per cent YoY to TWD2.23bn from TWD1.74bn. |
JSW Group reportedly set to reduce imports from China02 July 2020, Published under Cement NewsParth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$400m from China annually and we pledge to bring this down to zero in the next 24 months," said Mr Jindal. In the comment, Mr Jindal referred to the clash on the border of both countries, which took place earlier in June. JSW Cement currently imports clinker from China to supply its grinding operations. |
China's cement production rises 9% YoY in May19 June 2020, Published under Cement NewsCement production increased to 248.69Mt in May 2020, up 11.3 per cent from April and 8.6 per cent from the corresponding period last year, according to the South China Morning Post. The recovery has been attributed to resumed and stronger construction activity, following the lifting of the restrictions put in place by the government control the spread of the coronavirus outbreak earlier this year. However, going forward cement production is expected to peak in June due to the summer ra... |