Cement News tagged under: North Asia
Taiwan's cement producers see mixed results in May10 June 2020, Published under Cement NewsTaiwan Cement Corp has reported a 5.7 per cent YoY fall in revenue to TWD10.29bn (US$347.6m) for May 2020, compared with TWD10.9bn in the same month last year. In the first five months of the year, revenue declined 9.3 per cent to TWD42.48bn from TWD46.86bn. Elsewhere, Universal Cement Corp saw its revenue for the month down 4.3 per cent to TWD403.1m from TWD421.3m in May 2019. However, in the 5M20 revenue advanced 5.5 per cent YoY to TWD2.14bn. In May 2020, Lucky Cement’s revenue increas... |
Hsing Ta Cement sees 12% fall in revenue for May10 June 2020, Published under Cement NewsTaiwan’s Hsing Ta Cement saw an 11.7 per cent drop in revenue to TWD706.9m (US$23.77m) for May 2020, compared to TWD800.4m in the same month last year. In the first five months of the year, revenue declined 9.2 per cent YoY to TWD2.64bn from TWD2.91bn in the year-ago period. |
China's cement output recovers lost ground04 June 2020, Published under Cement NewsCement production in China fell 14.4 per cent YoY to 520.949Mt in the first four months of 2020. However, monthly output has rebounded strongly from its decline in February and March, with production in April reaching 223.469Mt, up 3.8 per cent YoY. Demand in the 1H20 is expected to decline 6-8 per cent, based on a survey carried out in April by International Cement Review assessing the global impact of the COVID-19 pandemic. Following government measures to unlock the economy in March... |
Xinjiang Tianshan Cement set to issue bonds28 May 2020, Published under Cement NewsThe board of China's Xinjiang Tianshan Cement has reviewed and approved a proposal to apply to the China Interbank Market Dealers’ Association for the registration of ultra-short-term financing bonds, with a total size of no more than CNY1bn (US$139.75m). The plans have been put in place to reduce financing costs, expand financing channels and meet the company's development needs for capital, according to an announcement. |
IRClass cement carrier launches in China28 May 2020, Published under Cement NewsA cement carrier under construction at Penglai Zhongbai Jinglu Ship Industry Co Ltd, China, was successfully launched on 30 March 2020. The vessel, called ‘Advaita’, has been built under the classification of Indian Register of Shipping (IRClass). IRClass surveyors braved the constantly-changing scenario of both global and local restrictions due to COVID-19 and immense challenges including movement of manpower, to ensure the float happened as scheduled. Advaita, is approximately 160m long,... |
Sumitomo Osaka Cement reports 40% increase in profit22 May 2020, Published under Cement NewsJapan’s Sumitomo Osaka Cement has reported a 40 per cent YoY rise in net profit to JPY10.92bn (US$101.63m) for the fiscal year ending 31 March 2020, compared with JPY7.8bn in the FY18-19. Sales were down 2.4 per cent to JPY245.1bn from JPY251.06bn, but operating profit advanced 13.8 per cent YoY to JPY16.1bn in the FY19-20. The company’s profit was reportedly supported by its cement and building materials segments. |
WCA shares Sinoma Research Institute innovations in energy efficiency webinar21 May 2020, Published under Cement NewsThe World Cement Association (WCA) held its 'Energy efficiency and New Technologies' webinar yesterday with guest speakers from Sinoma Research Institute (SRI), CNBM group. Nie Wenhai, assistant general director of SRI, presented a paper on milling technology that evaluated the power efficiency of grinding for raw and finish milling, replacing ball mills with roller press systems or vertical roller mills (VRM). Sinoma has completed 350 roller press installations and 531 VRM projects in th... |
Taiheiyo Cement reports 4% fall in net sales for FY19-2020 May 2020, Published under Cement NewsJapan’s Taiheiyo Cement has seen a 3.5 per cent YoY fall in net sales to JPY884.35bn (US$8.21bn) in the FY19-20 ending 31 March 2020, compared to JPY916.07bn in the previous year. Operating income was also down 7.6 per cent YoY to JPY61bn in the FY19-20, while net income declined 9.9 per cent to JPY39.15bn from JPY43.45bn. |
Taiwan Cement expects stronger 2H2020 May 2020, Published under Cement NewsTaiwan Cement Corp gave a positive outlook for its core businesses this quarter as the cement market appears to have emerged from the shadows of the COVID-19 pandemic in China. Chinese construction started to resume in March and appeared to have mostly returned to normality last month, bolstering the company’s selling prices and output in the current quarter to levels similar to the same period last year, said Taiwan Cement President, John Li. The second quarter might turn out stronger t... |