China Shanshui Cement issues profit warning
China Shanshui Cement Group has issued a profit warning for the first half of 2022. Profit attributable to equity holders of the company for the six-month period will decrease ...
North Asia
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Korean trucker strike halts cement production
A strike by truckers in South Korea is causing chaos for the country’s cement plants, according to the Korea JoongAng Daily. The strike by members of Cargo Truckers Solidarity,...
North Korean cement production boost
Cement producers across North Korea have supplied more cement to major construction sites even under the maximum emergency anti-epidemic system. Officials and workers of the...
Taiwan cement producers sees dent in revenues in May
Taiwan’s cement producers reported mostly a decrease in revenues in May. Lucky Cement posted a 6.9 per cent YoY drop in May revenue to TWD332.258m (US$11.23m) from TWD357.03...
Taiwan Cement orders more battery power storage
NHOA SA, formerly Engie EPS, has won an order to deliver a 22MWh battery storage project to Taiwan Cement Corp (TCC). The system will be an expansion of a 10MW facility be...
Taiwan Cement shifts focus to green energy and waste
Taiwan Cement Corp (TCC) saw its cement revenue on mainland China fall by 7.8 per cent YoY in the opening quarter of 2022 with the sales volume over the same period contracti...
Sinoma Overseas Development completes SCR project
Sinoma Overseas Development’s selective catalytic reduction ( SCR) denitrification project with Lanfeng No2 cement production line in Sichuan, China, has been successfully co...
Asia Cement reports 21% decline in 1Q net profit
Taiwan-based Asia Cement Corp posted a revenue of TWD19.681bn (US$659.1m) in 1Q22, up 10.1 per cent from TWD17.877bn in the 1Q21. However, pretax profit declined 27.6 per c...
Chinese cement production drops 12%
China’s cement production in the opening quarter of 2022 has fallen by 12.1 per cent YoY, according to Fitch Ratings. This is being attributed to ongoing lockdowns due to the p...
China at a crossroads
China’s cement industry stands at a crossroads as the country embarks on its 14th Five-Year Plan (2021-25) and the country confirms its goal for peak carbon by 2030 and carbon ...