FLSmidth and CNBM sign framework agreement
FLSmidth and China National Building Material (CNBM) have signed a framework agreement to offer the cement industry more competitive plant solutions. Song Zhiping, chairman of C...
China
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Chinese producers expect significant rise in 1H18 net profit
China’s Huaxin Cement has announced that it expects 1H18 net profit to rise 179-192 per cent YoY, compared to CNY728m (US$109.94m) of the year-ago period, according to Reuters. ...
RHI Magnesita undertakes major investment in China
Refractory specialist RHI Magnesita will invest EUR20m in its dolomite plant in Chizhou, Anhui province in China. The step is part of a decisive response to address global press...
CNBM adds 18.7% stake in Southwest Cement
China National Building Material (CNBM) said it agreed to purchase a 18.7 per cent equity interest in Southwest Cement Co from Zhonghai Trust Co Ltd for CNY1918m (US$295.1m). Th...
Taiwanese cement industry records sales surge in May
The Taiwan Stock Exchange (TWSE) has announced that the cement industry was amongst the top three sectors in terms of YoY sales growth in May 2018, alongside the semiconductor a...
Anhui Tongling Conch temporarily suspends three production lines
Anhui Tongling Conch Cement Co Ltd was required to suspend operations of a cargo pier in late May, according to a notice jointly issued by the Tongling Environmental Protection ...
Siemens seals agreements for Belt and Road Initiative
Siemens has entered into more than 10 agreements with Chinese partners in support and exploration of opportunities from the Belt and Road Initiative (BRI) in projects that targe...
Hongshi Holding Group expected to contract FLSmidth for equipment supply
China-based Hongshi Holding Group Co Ltd is expected to award a contract to FLSmidth for the supply of mills, crushers and feeders for its 8000tpd plant in East Java, Indonesia....
Chinese cement industry reaches record monthly profit
The profit of the Chinese cement industry reached a record monthly high of CNY14.7bn (US$2.3bn) in April, according to the China Cement Association. Over the first four months o...
Cameroon sees exports more than double in 2017
Cement exports from Cameroon reached 57,459t in 2017, a considerable increase from 19,700t in 2016, according to data released by the Ministry of Economy, Planning and Trade.