Cement News tagged under: China
Starlinger sues Chinese equipment manufacturers for patent infringement22 October 2024, Published under Cement NewsVienna-based equipment manufacturer Starlinger & Co Gesellschaft mbH, which has production plants in Austria, Germany and China, sued Chinese machine manufacturers and their customers (packaging producers) based on infringement of several of Starlinger’s patents. The legal proceedings have been settled with strict obligations for the equipment manufacturers. “Only the best are copied, as the saying goes. However, this is little consolation if it has economic consequences for innovative mac... |
Anhui Conch Cement and AVIC sign decarbonation collaboration agreement11 October 2024, Published under Cement NewsAnhui Conch Cement Co (Conch Group) and AVIC International Beijing Co Ltd (AVIC Intl BJ) have signed a strategic agreement to integrate their international business development efforts and promote technological innovation aimed at decarbonising cement production. The partnership combines Conch Group’s vast experience in cement production and equipment manufacturing with the global equipment, solutions, and engineering expertise of AVIC Intl BJ subsidiary KHD Humboldt Wedag International A... |
Study unveils fly ash geopolymer concrete as potential SCM25 September 2024, Published under Cement NewsA new study from Zhejiang University of Technology, China, sheds light on the potential of fly ash geopolymer concrete (FAGC) as a sustainable alternative to Portland cement concrete (PCC), which is a significant contributor to CO 2 emissions. The research, published in *PLOS ONE*, outlines a robust method for predicting the compressive strength of FAGC while optimising its mixture design to minimise environmental impact. Supplementary cementitious materials (SCMs), such as fly ash, are ... |
China to include cement in national carbon trading10 September 2024, Published under Cement NewsChina has announced its draft plan to expand the country’s carbon trading market by including cement as well as electrolytic aluminium and steel, seeking public feedback. The draft plan is a significant step in expanding the world’s largest carbon trading market as it currently only covers coal-fired power generation. It would increase the market’s coverage to ~60 per cent of the country’s total carbon emissions. The results of a comprehensive evaluation of seven sectors to assess their r... |
Huaxin Cement posts flat revenues in 2Q2402 September 2024, Published under Cement NewsChina-based Huaxin Cement reported flat revenues of CNY9.15bn in the second quarter of 2024. The company’s net income was down 41 per cent YoY to CNY553.1m while the profit margin slipped to six per cent in the 2Q24 from 10 per cent in the 2Q23. Earnings per share declined to CNY0.25 in the 2Q24 from CNY0.46 in the year-ago period. |
Uzbekistan fines Shangfeng cement plant nearly US$400,00028 August 2024, Published under Cement NewsThe Competition Promotion and Consumer Protection Committee of Uzbekistan has found Shangfeng Bridge of Friendship cement plant guilty of engaging in anti-competitive practices, including dumping and restricting the exchange competition. The committee has also forwarded documents concerned with cement sales under direct contracts to the Tax Committee for the assessment of profit tax and VAT. The committee has imposed a fine of nearly UZS5bn (US$396,150) on the Shangfeng Bridge of Frien... |
Africa is the golden ticket for Chinese cement producers23 August 2024, Published under Cement NewsThis week the South China Morning Post pointed out that Chinese cement companies are keen to explore further market opportunities for expansion in Africa's growing cement markets. The lack of cement demand and falling cement prices in China is putting pressure on Chinese cement producers to look for higher margins abroad. Cement prices declined to CNY292/t (US$41/t) in 2023 in China, well below the CNY813/t produced by many African cement plants, claims the South China Morning Post. It is... |
Asia Cement (China) sees 1H revenue down 35%21 August 2024, Published under Cement NewsIn its unaudited results for the first half of 2024, Asia Cement (China) Holdings Corp reported a revenue of CNY2689.4m (US$377.1m), down 34.5 per cent from CNY4105.1m in the 1H23. Gross profit fell 79.4 per cent to CNY133m in the 1H24 from CNY646m in the 1H23. The company’s gross profit margin declined from 16 per cent to five per cent over the same period. The company posted a loss before tax of CNY223.6m in the 1H24, down from a profit before tax of CNY395m in the 1H23. Net loss for... |
China steps up drive for alternative fuels20 August 2024, Published under Cement NewsChina’s cement industry is in line to receive a new raft of legislation designed to encourage the drive away from fossil fuels to alternative fuels. This month the government raised its renewable energy targets through the 2024 Renewable Consumption Quota Obligations. Compared to last year’s draft targets, most provinces saw their renewables quota increase by an average of 2.3 percentage points. Notably, Sichuan, Qinghai and Yunnan provinces have already achieved a 70 per cent Renew... |
PPC signs agreement with Sinoma24 July 2024, Published under Cement NewsPPC has signed an agreement with Sinoma Overseas Development Corporation to transform PPC’s operations in South Africa, Zimbabwe and Botswana. According to Engineering News, the agreement includes improving efficiency, modernising technology, lowering production costs, increasing the use of non-fossil fuels and expanding production capacity. Commenting on the agreement, Matias Cardarelli, CEO at PPC, said, “In the current highly competitive environment, we must operate our industrial o... |