Cement News tagged under: North Asia
CNBM and GCCA discuss decarbonisation and environmental protection19 May 2023, Published under Cement NewsThe 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... |
Universal Cement reports reports lower 1Q profit15 May 2023, Published under Cement NewsTaiwan-based Universal Cement Corp reported revenue of TWD1835m (US$59.4m) in the January-March 2023, up 19.8 per cent when compared with the equivalent quarter of 2022, when revenue was TWD1532m. However, pretax profit more than halved from TWD728.8m in the 1Q22 to TWD315.5m in the 1Q23. Net profit was down 60.6 per cent YoY to TWD272.9m in the 1Q23 from TWD691.9m. |
Taiwan Cement reports 9% increase in April revenues11 May 2023, Published under Cement NewsTaiwan Cement Co reported revenues of TWD9.1bn (US$296.4m) in April 2023, up 9.4 per cent from TWD8.319bn in April 2022. In the first four months of 2023 the company saw its revenue advance by 13.4 per cent to TWD35.462bn from TWD31.265bn in the 4M22. |
Taiwan Cement Group plans green bond04 May 2023, Published under Cement NewsTaiwan Cement Group is planning to issue green bonds through its subsidiary in Europe, marking the first time the group has sold such bonds to finance environmentally-friendly projects. In a statement to the Taiwan Stock Exchange, Taiwan Cement Co (TCC) said its energy storage subsidiary NHOA SA in Italy will sell convertible green bonds with a maturity of five years, aiming to raise EUR250m (US$276m). In July 2021, through its subsidiary Taiwan Cement Europe Holdings BV, TCC acquired... |
China Resources Cement welcomes new CEO19 April 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has appointed Mr Jing Shiqing as its new chief executive officer (CEO), effective from 18 April 2023. Mr Jing is also an executive director and a member of the company’s Strategy & Investment Committee. He joined China Resources Group in July 2003 and served as deputy general manager of the human resources department from May 2018 to March 2021, as a non-executive director of the company from May 2018 to March 2021, and as a non-executive director of ... |
China Resources Cement issues 1Q23 profit warning13 April 2023, Published under Cement NewsChina Resources Cement Holdings Ltd has issued a profit warning for the first quarter of 2023 ended 31 March. Over the three-month period, the company expects to report a loss attributable to owners of the company of between HKD35m-45m (US$4.46m-5.73m), compared to a profit of HKD729.5m in the same period a year earlier. The loss has been attributed to the lower selling prices of the group’s products compared to the 1Q22, along with the one-off gain of HKD239.1m from the disposal of a s... |
Mixed January-March results for Taiwan’s cement producers12 April 2023, Published under Cement NewsTaiwan-based Asia Cement Corp saw its revenue slip by 0.1 per cent to TWD8152.982m (US$267.17m) in March 2023 from TWD8160.414m in March 2022. In the January-March 2023 period the company’s quarterly revenue was down 2.4 per cent to TWD19,208.712m from TWD19,681.816m in the January-March 2022 period. Meanwhile, Lucky Cement Co saw a 26.1 per cent increase in revenues to TWD436.03m in March 2023 from TWD345.612m in March 2022. In the January-March 2023 period, revenue increased 24 per ce... |
Mitsubishi Heavy Industries and Osaka Gas sign CCUS value chain feasibility study03 April 2023, Published under Cement NewsMitsubishi Heavy Industries Ltd (MHI) and Osaka Gas Co Ltd have signed an agreement for a feasibility study on a project to develop a CO 2 value chain for carbon capture, utilisation and storage (CCUS), including transporting CO 2 captured in Japan to overseas, utilising it to produce e-methane, a synthetic gas produced through methanation, and storing it underground. The project aims to establish an efficient CO 2 value chain, leveraging Osaka Gas’s know-how on e-metha... |
BBMG Corp posts 17% fall in revenue in 202230 March 2023, Published under Cement NewsChina’s BBMG Corp has posted a 16.8 per cent YoY decline in revenue in 2022 to CNY102,822.2m (US$14,938m). Net profit over the same period fell 66.6 per cent to CNY1739.9m, while basic earnings per share contracted from CNY0.27 to CNY0.11. Sales of cement in 2022 came in at 78Mt, while clinker sales reached 8.9Mt, giving a combined annual sales volume of 86.9Mt, marking a 12.8 per cent YoY decline. According to the National Bureau of Statistics of China, national cement output in 2022 was... |
CNBM reports 17% drop in sales in 202227 March 2023, Published under Cement NewsChina National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Net income over the same period fell from CNY17.094bn to CNY8.650bn, while basic earnings per share declined from CNY1.932 to CNY0.944. Net profit fell to CNY7.96bn in 2022 compared to CNY16.3bn in 2021, down 51 per cent YoY. According to the company, cement production contracted 10.5 per cent to a decade-low of 2.13bt ... |