Cement News tagged under: Sinoma
China's Sinoma profit falls as turnover climbs26 August 2013, Published under Cement NewsChina National Materials Co Ltd, Sinoma Group (China), has reported mixed results for the first six months of 2013. While turnover over the period moved ahead 6.9 per cent to CNY21.8bn (US$3.6bn), net profit for the period fell 38.8 per cent to CNY101.2m (US$93.9m) from CNY165.3mn a year earlier. The company's cement production division recorded revenues of CNY10.322bn (US$1.686bn), up 15.2 per cent YoY, which was mainly due to the increase in sales volume resulting from the commissioning o... |
Sinoma International wins new contract in Iraq29 April 2013, Published under Cement NewsSinoma International Engineering Co Ltd's Nanjing subsidiary signed an EPC contract with Iraq-based Faruk Investment Group Co Ltd to build a 5300tpd cement clinker production line in Iraq. The cement clinker project is the seventh cement production line to be built in Iraq by Sinoma International Engineering Co Ltd's Nanjing subsidiary. Faruk Group operates in the basic industries, telecommunications, finance, medical, large hotels and many other fields. The new cement project will be si... |
Loesche wins Holcim Ecuador VRM contract25 April 2013, Published under Cement NewsLoesche will deliver one LM 56.4 vertical roller mill for cement raw material grinding to Holcim Ecuador's cement plant Guayaquil. The order with Loesche was placed by general contractor Sinoma-TJ (CBMI), who is supplying the Guayaquil works with a new 4500tpd kiln line. The mill will be used to grind cement raw material and has been designed for a capacity of 386tph and a fineness of 12 per cent R0.09mm. The mill motor capacity will be 4000kW. For Holcim an important fact in favour of this... |
Loesche wins VRM contract for Dangote's new Ethiopia plant25 January 2013, Published under Cement NewsLoesche has been awarded a contract to supply four vertical roller mills for Dangote Cement’s new plant in Ethiopia by Sinoma International Engineering. For raw material grinding, a Loesche Mill Type LM 69.6 will be installed for the grinding of cement raw material at a product range of 450tph (maximum 490tph) with a fineness of 10 per cent R DIN 0.09 mm. The mill motor capacity for the LM 69.6 will be 6000kW. One Loesche Mill Type LM 28.3D will be implemented to grind local and import... |
Loesche awarded new contract at Dangote’s Ibese works, Nigeria21 January 2013, Published under Cement NewsLoesche has been awarded a contract by Sinoma International Engineering Co Ltd (NCDRI) for Dangote’s Line 3+4 at its Ibese works in Nigeria. Loesche had previously delivered equipment for Ibese Lines 1+2. Five Loesche Mills will be included in the process: for the raw material grinding plant two Loesche Mill Type LM 69.6 will be installed for the grinding of cement raw material at a product range of 450tph (maximum 540tph) with a fineness of 10 per cent R DIN 0.09mm. The mill motor capacit... |
SINOMA accelerates southwest expansion with Taiwan Cement10 January 2013, Published under Cement NewsChina National Materials Group Corporation Ltd (SINOMA) and Taiwan Cement Corporation recently inked agreement in Hong Kong for strategic cooperation. Both sides will exchange information, boost regional production capacity, share technology and experience, make full advantage of Taiwan Cement's involvement in waste treatment, green mining and exploration, CO2 capture, micro-algae carbon fixation and development of a green cement industry. Besides, they will also share products and servic... |
Gebr Pfeiffer wins Iraq grinding order03 December 2012, Published under Cement NewsSinoma (Suzhou) Construction, acting as general contractor for GRD Cement Plant Company Tainall’s new kiln line, has once again placed an order for an MPS 5000 B vertical roller mill for raw material grinding. The grinding plant will be set up in the GRD's 5000tpd cement line located near the town of Sulaimaniah in northern Iraq. The MPS vertical roller mill to be supplied is designed for a capacity of 450tph at a product fineness of 12 per cent R90µm. |
Sinoma nine-month net profit down 76 per cent, China30 October 2012, Published under Cement NewsSinoma said its net profit attributable to equity holders of parent dropped 76.41 per cent YoY to CNY305m (US$48.9m) for the nine months ended 30 September 2012. Its basic and diluted earnings per share were CNY9 cents. Operating revenue was CNY36.73bn, an increase of 3.5 per cent from a year earlier. Morgan Stanley said the fall in profit missed market expectations and expects Sinoma’s 2013 earnings to stay flat. |
Guangdong producers buy CO2 permits19 September 2012, Published under Cement NewsFour cement producers in China's Guangdong province have bought 1.3 million CO2 permits from the local government at CNY60/unit (EUR7.25), according to local press. China Resources Cement, Sinoma, Taipai and Yangchun Hailuo bought the permits in a bid to hedge their carbon exposure as they plan to expand cement production capacity by 25Mta over the next few years, newspaper 21st Century Business Herald reported on Tuesday. Under the Guangdong Emissions Trading Scheme (ETS), the biggest... |
Morgan Stanley sees China recovery from 4Q1217 September 2012, Published under Cement NewsMorgan Stanley (MS) believes that the China cement industry showed some early signs for recovery, noting that prices have stopped declining on rising property construction following accelerating land sales. In addition, land sale revenue can help governments on construction capital. Therefore, MS believes that cement demand has turned steady, and a recovery can be expected in 4Q12 - 2013. The Bank added that with the slump in earnings, the cement manufacturers reduced capital expenditu... |