BBMG Corp sees net profit fall 50%
China’s BBMG Corp has seen its net profit fall 50 per cent YoY to CNY1.52bn (US$219.6m) for the first half of 2020. Operating revenue also declined 8.3 per cent to CNY40.93bn, a...
China
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Vietnamese export volumes rise 11% in the 7M20
Vietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu...
China's cement imports surge in May
The imports of cement into China soared in May to 4Mt, twice the level seen at the start of the year as the housing market rebounded and infrastructure spending showed strong gr...
Xinjiang Tianshan set to acquire six CNBM subsidiaries
Xinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to ...
Taiwan Cement and Oyak fined for JV notification failure
China's State Administration for Market Regulation (SAMR) has fined Taiwan Cement and Ordu Yardimlasma Kurumo (Oyak) for failure to notify the establishment of their joint ventu...
Tangshan Jidong Cement reports fall in net profit
China’s Tangshan Jidong Cement has reported its results for the first half of 2020. The company saw its net profit fall around 30.3-34.3 per cent YoY to CNY0.98-1.04bn (US$139.8...
Henan to hike water and electricity fees
The Chinese province of Henan will increase water and electricity tariffs for cement and steel producers that have failed to meet ultra-low emissions standards, said the provinc...
UltraTech Cement's subsidiary to sell entire stake in Shandong Binani Rongan Cement
India’s UltraTech Cement has announced that its Krishna Holdings subsidiary will sell its entire stake in Shandong Binani Rongan Cement Co for a value of US$120m. "Krishna Holdi...
JSW Group reportedly set to reduce imports from China
Parth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$40...
Selecting the right SCR system Premium
Heavy dust loads and high temperatures are two of the most-challenging factors for DeNO x systems in the cement industry. In this article thyssenkrupp Industrial Solutions with ...