Cement News tagged under: North Asia

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A new chapter for China

15 August 2023, Published under Cement News

After implementing continuous COVID-19 response measures over the past three years, China re-opened its doors to the world in December 2022. Having been impacted by pandemic-related restrictions as well as domestic and international headwinds, the country is now starting a fresh chapter with new obstacles and opportunities ahead. By Fei (Grace) Chen, China Cement Association, China. In 2022 China’s cement industry experienced one of its most challenging times in years and is now embar...

Taiheiyo Cement joins Japanese CCS value chain study

03 August 2023, Published under Cement News

Taiheiyo Cement Corp has joined six other companies in a feasibility study into the use of advanced carbon capture and storage (CCS) in Japan. The study forms part of Japan’s Ministry of Economy, Trade and Industry’s goal to harness CCS, particularly in hard-to-abate industries, to help reach the government’s targets of a 46 per cent reduction in greenhouse gas emissions (compared to FY13) by FY30, and carbon neutrality by 2050.  The study was initially launched in January this year wit...

China Shanshui issues profit warning

19 July 2023, Published under Cement News

China Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 per cent compared to the same period a year earlier. According to the company, the contraction is due to the lower price of its cement products over the six-month period. 

China starts CCUS focus

14 July 2023, Published under Cement News

This week China announced the launch of its largest carbon capture, utilisation and storage (CCUS) project for the cement sector to date. The China United Qingzhou Co Ltd's 200,000tpa "Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project" can be considered one of China's early pioneering trials for CCUS. As the largest producer of cement in the world, China is not expected to achieve peak CO 2 emissions until 2027. However, with China's leading engineer...

China United Qingzhou Co launches China's largest CCUS project

12 July 2023, Published under Cement News

On 28 June 2023, the China United Qingzhou Co Ltd’s 200,000tpa Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project was successfully launched. This project is currently the largest carbon capture and utilisation project in the China cement industry, the first of its kind in Shandong province, and the first cement sector carbon capture and utilisation project of China National Building Materials Group.   The investment has been listed as one of the first...

China Resources Cement Holdings issues profit warning

12 July 2023, Published under Cement News

China Resources Cement Holdings Ltd has issued a profit warning for the six months ended 30 June 2023. According to the company, it expects to report a 63-38 per cent contraction in profit attributable to the owners, compared to the same period in the previous year. The decline is being attributed to lower selling prices of the group’s products over the six-month period, along with lower sales volumes over the same timeframe, compared with the first six months of 2022. The drop is also be...

Mixed bag of results for Taiwanese producers in June

11 July 2023, Published under Cement News

Taiwanese cement producers have seen a mixed bag of results for June as well as the opening six months of the year. Universal Cement has reported revenue in June 2023 of TWD604.3m (US$19.26m), up from TWD573.03m in the same month a year earlier. Revenue for the first six months of 2023 came in at TWD3754.7m, compared to TWD3280.9m in the 1H22. Lucky Cement Co also saw its revenue expand in June, coming in at TWD443m, up from TWD334.1m in the same month a year earlier. Revenue for t...

Samson win Chinese EcoHopper order

23 June 2023, Published under Cement News

One SAMSON Eco Hopper type EH60 has been successfully tested and put into operation for bulk material loading and unloading in China. Thanks to the environmentally friendly design and the installed filter systems it makes an important contribution to the reduction of dust emissions during ship loading and unloading processes. Mr Gang Gong, the managing director of AUMUND China, says: “The customer is very satisfied with the Eco Hopper unit and is interested in taking our working rel...

Taiwan Cement to diversify to reduce carbon footprint

02 June 2023, Published under Cement News

Taiwan Cement Corp (TCC) expects cement to account for less than half of its sales by 2025 as the revenue from energy storage and vehicle charging businesses increase. However, cement production would remain its core business, said TCC Chairman, Nelson Chang. While the company is expanding into the green energy business in line with global efforts to curb carbon emissions, it would continue to produce up to 80Mta of cement, Mr Chang said. The green energy businesses would help the compan...

CNBM and GCCA discuss decarbonisation and environmental protection

19 May 2023, Published under Cement News

The Deputy Secretary of the Party Committee and General Manager of China National Building Materials (CNBM) Group, Li Xinhua, met with Thomas Guillot, CEO of the Global Cement and Concrete Association (GCCA), on 5 May in Beijing for discussions to promote carbon emission reduction in the global cement industry and the low-carbon environmental protection transformation of the cement industry. The two sides discussed in depth the policies, standards, technologies, social culture and othe...