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