Fitch downgrades West China Cement
Fitch Ratings has downgraded West China Cement Ltd ’s (WCC) long-term issuer default rating (IDR) and its senior unsecured debt rating from BB to BB- due to the cement produce...
North Asia
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Tokuyama cement selects ABB Ability™ Expert optimizer
ABB has delivered the advanced process control solution ABB Ability™ Expert Optimizer system to control, stabilise and optimise industrial processes at the Tokuyama Nanyo ce...
Taiheiyo to build new terminal in Philippines
Japan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San...
A new chapter for China
After implementing continuous COVID-19 response measures over the past three years, China re-opened its doors to the world in December 2022. Having been impacted by pandemic-re...
Taiheiyo Cement joins Japanese CCS value chain study
Taiheiyo Cement Corp has joined six other companies in a feasibility study into the use of advanced carbon capture and storage (CCS) in Japan. The study forms part of Japan’s...
China Shanshui issues profit warning
China Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 ...
China starts CCUS focus
This week China announced the launch of its largest carbon capture, utilisation and storage (CCUS) project for the cement sector to date. The China United Qingzhou Co Ltd's 200...
China United Qingzhou Co launches China's largest CCUS project
On 28 June 2023, the China United Qingzhou Co Ltd’s 200,000tpa Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project was successfully launched...
China Resources Cement Holdings issues profit warning
China Resources Cement Holdings Ltd has issued a profit warning for the six months ended 30 June 2023. According to the company, it expects to report a 63-38 per cent contracti...
Mixed bag of results for Taiwanese producers in June
Taiwanese cement producers have seen a mixed bag of results for June as well as the opening six months of the year. Universal Cement has reported revenue in June 2023 o...