Cement production growth fuels record-high emissions in China
A 4.1 per cent YoY increase in China’s cement production in the first quarter of 2023 has contributed to a four per cent rise in the country’s CO 2 emissions, marking a record...
China
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Can CBAM create a level playing field for CO2 emissions?
This week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, b...
CNBM and GCCA discuss decarbonisation and environmental protection
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...
Cementir posts 1Q23 revenue of EUR414.8m
Cementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR...
China Resources Cement welcomes new CEO
China 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 directo...
China Resources Cement issues 1Q23 profit warning
China 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 los...
Huaxin acquires majority stake in Oman Cement
Oman Cement Company SAOG has confirmed the successful completion of a share purchase agreement between The Investment Authority Company SPC (representing the government’s sta...
BBMG Corp posts 17% fall in revenue in 2022
China’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, whi...
CNBM reports 17% drop in sales in 2022
China 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. Ne...
Gebr Pfeiffer and CBMI Construction Co Ltd form calcined clay alliance
Gebr Pfeiffer and CBMI Construction Co have entered into a cooperation agreement to supply efficient plants for combined grinding and calcination of clay. Calcined clay offers ...