CNBM begins restructuring cement business
China National Building Materials (CNBM) has begun restructuring its cement business and has subsequently sold China United Cement, Sinoma Cement, as well as a 99.9 per cent sta...
China
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China: pandemic to peak carbon Premium
China’s forthcoming 14th Five-Year Plan commits the country to ‘peak carbon’, but what consequences will this have for the world’s largest cement producer? Previous restructurin...
China reports 2% rise in cement production for 2020
China’s National Bureau of Statistics (NBS) has reported a 1.6 per cent YoY rise in cement output to 2.377bnt for 2020. The construction of 3203 projects started across the coun...
Rising to the challenge Premium
The COVID-19 pandemic has changed the way we live and the way we work. CBMI has successfully navigated the impact of the crisis by progressing with construction of the Kalambain...
Vietnam sees exports rise 14% in 2020
Vietnam exported over 3.6Mt of cement and clinker worth US$135m in December 2020, up 15.3 per cent MoM in volume and 10.8 per cent YoY in value, according to the General Departm...
Huaxin Cement announces profit decline for 2020
China’s Huaxin Cement expects its net profit to decrease by 9-14 per cent YoY in 2020, compared to CNY6.3bn (US$974m) in the previous year, according to preliminary calculations...
MIIT raises old-capacity elimination levels in China to enable new capacity projects
China has unveiled stricter draft rules for new cement plants, increasing the amount of old capacity that producers need to retire as they propose new capacity. The tougher regu...
China Shanshui Cement sees operating revenue decline 5%
China Shanshui Cement has seen its profit attributable to shareholders decline 6.7 per cent YoY to CNY2.33bn (US$346.97m) for the nine months ended 30 September 2020. Operating ...
CemProspects reports major developments in petcoke and freight
The CemProspects online conference continued yesterday by considering the major developments for the freight and petcoke markets going forwards. Starting with freight, Guy Hindl...
CemProspects considers important energy markets
After moving online this year, CemProspects 2020 began yesterday by looking at energy markets of importance to the cement sector. The first day of the session provided a conside...