Cement News tagged under: North Asia

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China Shanshui Cement issues profit warning

19 July 2022, Published under Cement News

China Shanshui Cement Group has issued a profit warning for the first half of 2022. Profit attributable to equity holders of the company for the six-month period will decrease by no less than 60 per cent compared the same period a year earlier, according to a report on Dow Jones Newswire. The fall is being blamed on the pandemic, climatic factors, and market demand, which fell in the opening half of the year, resulting in a contraction in both cement sales and operating revenue versus the...

Korean trucker strike halts cement production

15 June 2022, Published under Cement News

A strike by truckers in South Korea is causing chaos for the country’s cement plants, according to the Korea JoongAng Daily. The strike by members of Cargo Truckers Solidarity, which began on 7 June, has reduced cement shipments to just 13 per cent of their normal levels. Around half of South Korea’s 2700 bulk cement trucks are driven by union members, leaving plants in danger of closure as inventories build up. Two of the country’s cement plants have already ceased operations due to lack of...

North Korean cement production boost

13 June 2022, Published under Cement News

Cement producers across North Korea have supplied more cement to major construction sites even under the maximum emergency anti-epidemic system. Officials and workers of the Sangwon Cement complex increased the output of clinker by introducing new operation methods of production. The Sunchon Cement plant has recorded high daily production results. Meanwhile, the Chonnae-ri Cement factory is achieving normal operation of its production equipment.

Taiwan cement producers sees dent in revenues in May

10 June 2022, Published under Cement News

Taiwan’s cement producers reported mostly a decrease in revenues in May. Lucky Cement posted a 6.9 per cent YoY drop in May revenue to TWD332.258m (US$11.23m) from TWD357.039m in May 2021. In the first five months of 2022, revenue declined by 11.4 per cent to TWD1548.687m from TWD1748.555m in the January-May period. For Chia Hsin Cement Co the month proved more challenging as it saw revenue down 16.8 per cent YoY as the company posted a revenue of TWD163.521m in May 2022 from TWD196.43...

Taiwan Cement orders more battery power storage

07 June 2022, Published under Cement News

NHOA SA, formerly Engie EPS, has won an order to deliver a 22MWh battery storage project to  Taiwan Cement Corp (TCC). The system will be an expansion of a 10MW facility being installed at TCC's HePing industrial park. Both units will provide ancillary services to Taiwan's power grid and support the nation’s goal of having 45GW of installed renewable power generation capacity by 2030. NHOA explained that the expansion was undertaken to widen the range of frequency support services sou...

Taiwan Cement shifts focus to green energy and waste

27 May 2022, Published under Cement News

Taiwan Cement Corp (TCC) saw its cement revenue on mainland China fall by 7.8 per cent YoY in the opening quarter of 2022 with the sales volume over the same period contracting by 24.1 per cent, according to Nelson Chang, chairman of TCC, speaking at the company’s annual general meeting on 26 May, 2022. Cement prices in the 1Q22 improved by 18 per cent, but this did little to offset the 195 per cent YoY uptick in the international coal price. However, consolidated revenue advanced by four ...

Sinoma Overseas Development completes SCR project

27 May 2022, Published under Cement News

Sinoma Overseas Development’s selective catalytic reduction ( SCR) denitrification project with Lanfeng No2 cement production line in Sichuan, China, has been successfully completed.   This ultra-low emission renovation project for air pollutants of cement kiln contracted by Sinoma Overseas passed the performance test before being transferred to the owner, with all indicators reaching Chinese A-level standards and outperforming the agreed in the contract.   The project adop...

Asia Cement reports 21% decline in 1Q net profit

13 May 2022, Published under Cement News

Taiwan-based Asia Cement Corp posted a revenue of TWD19.681bn (US$659.1m) in 1Q22, up 10.1 per cent from TWD17.877bn in the 1Q21. However, pretax profit declined 27.6 per cent to TWD3.434bn in the 1Q22 from TWD4.744bn in the corresponding period of the previous year. Net profit decreased 21.3 per cent to TWD2.533bn in the first three months of 2022 from TWD3.2bn in the 3M21.

Chinese cement production drops 12%

05 May 2022, Published under Cement News

China’s cement production in the opening quarter of 2022 has fallen by 12.1 per cent YoY, according to Fitch Ratings. This is being attributed to ongoing lockdowns due to the pandemic, which is curbing production of basic materials including steel that has seen a 10.5 per cent drop in production over the same period. The country is also seeing subdued construction activity as the property sector remains weak and high input costs continue to inflate product prices, such as cement, steel an...

China at a crossroads

20 April 2022, Published under Cement News

China’s cement industry stands at a crossroads as the country embarks on its 14th Five-Year Plan (2021-25) and the country confirms its goal for peak carbon by 2030 and carbon neutrality by 2060. Restructuring efforts continue to transform the cement sector and the industry is now setting its sights on ‘double-carbon’ ambitions and actions. By Fei Chen and Bailin Chen, China Cement Association. China’s cement sector is at a crossroads as the country aims for peak carbon by 2030 and ca...