Fujian Ansha Jianfu Cement's plant to save US$1.24m per annum
Citic Heavy Industries (CHI) recently completed a greenfield 4500tpd smart cement plant for Fujian Ansha Jianfu Cement in Yongan, Fujian, China. The US$136m project is a green a...
China
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DMC prepares power supply for new project
Ethiopia-based Derba Midroc Cement (DMC) and Sinohydro Construction Ltd have signed an ETB330m (US$7.24m) contract for a power expansion project that will allow the factory to d...
West China Cement sees profit rise 40% YoY
West China Cement has posted a 40.4 per cent YoY rise in attributable profit to CNY1.06bn (US$163.5m) for the first half of 2021, compared to CNY752.3m in the 1H20. Revenue also...
Dongwu Cement reports surge in 6M profit
Dongwu Cement reported a 30 per cent rise in unaudited revenues to CNY227.8m (US$35.1m) in the first six months of 2021, up from CNY174.8m in the 6M20. The company’s gross profi...
China Tianrui Group Cement records 9% rise in revenue
China Tianrui Group Cement has posted a 9.1 per cent YoY increase in revenue to CNY5.73bn (US$882.8m) for the first half of 2021, compared to CNY5.25bn in the year-ago period. A...
Vortex Asia-Pacific reopens Shanghai office
As COVID-19 restrictions ease, solids and bulk handling components company Vortex Asia-Pacific is pleased to announce it has reopened a physical office in Shanghai, China. The n...
Tangshan Jidong sees cement and clinker sales rise 14%
China’s Tangshan Jidong Cement expects its net profit to rise 20-30 per cent YoY to CNY1.2-1.3bn (US$185-200m) in the first half of 2021, compared to CNY1bn in the year-ago peri...
China and Canada collaborate for carbon capture
A new collaboration between China Building Materials Academy (CBMA) and Canada's International CCS Knowledge Centre (Knowledge Centre) will see simultaneous advancements in unde...
Fitch rates West China Cement's proposed US$ notes as 'BB'
Fitch Ratings has assigned West China Cement's (WCC) proposed US dollar senior unsecured notes a rating of 'BB'. The proposed notes will be issued by WCC and guaranteed by WCC's...
Financial restructuring positions PCC for long-term recovery
Competent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC)...