Cement News tagged under: China
US$200m cement plant to be established in Balkh19 November 2024, Published under Cement NewsLocal officials in Balkh province ( Afghanistan ) have announced that Afghan and Chinese companies are planning to establish a cement factory in the region at an estimated cost of US$200m. Malawi Noorulhadi Abo-Edris, deputy governor of Balkh, told a Bather Agency reporter that these companies are set to invest in the construction of a cement factory in the province, valued at US$200m. He further explained that the factory will be built on 1,214,000m 2 (300 acres) of land, with a produc... |
Shandong province suspends winter cement manufacturing15 November 2024, Published under Cement NewsChina's industrial hub of Shandong province is ruling that cement producers must curb operations during the winter to reduce air pollution, according to an official announcement. The measure will be in effect from 15 November 2024 until 15 March 2025, according to a notice jointly issued by the northern province's industry and environment ministries, and follows a similar regulation enacted last winter. Shandong's industrial sector relies heavily on captive coal-fired power plants, so the ... |
BBMG Corp posts 34% rise in 3Q revenue11 November 2024, Published under Cement NewsChina-based BBMG Corp reported an operating revenue of CNY31,474.1m (US$4430.8m) in the July-September 2024 (3Q24) period, up 34.2 per cent YoY. The company’s net profit attributable to the shareholders of the listed company improved by 192.7 per cent YoY to CNY370.1m in the 3Q24 while net loss attributable to the shareholders of the listed company after deducting non-recurring profit and loss improved by 63.8 per cent YoY to CNY167.3m. Basic earnings per share were CNY0.03, up 186.7 pe... |
Tangshan Jidong Cement Co narrows 9M loss06 November 2024, Published under Cement NewsTangshan Jidong Cement Co Ltd posted a total operating revenue of CNY18,557m (US$2612m) in the first nine months of 2024, down from CNY22,344m in the year-ago period, according to the company’s posting on the Hong Kong Stock Exchange. The company’s operating loss narrowed to CNY212,953m in the 9M24 period from CNY455,837m in the 9M23. Net loss in the 9M24 improved to CNY410,839m from CNY424,720m in the equivalent period of the previous year. Total comprehensive income attributable to th... |
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... |