Cement News tagged under: China Cement Association

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Cementtech 2024 takes place in Wuhan

27 June 2024, Published under Cement News

Cementtech 2024 opened its doors yesterday to over 20,000 visitors and 1500 exhibitors from across the globe in its 15,000m 2 exhibition area. Hosted at the picturesque Wuhan International Conference and Exhibition Center, this event unites industry-leading technology and service providers, cement manufacturers and cement sector experts. Two primary themes of the event were the decarbonisation and digitalisation of the cement production process. The first day of Cementtech witnessed solu...

China's coal reliance remains a threat to decarbonisation targets

14 June 2024, Published under Cement News

The rate at which China reduces its CO2 emissions will have a huge impact on whether the world achieves Net Zero before the worst effects of climate change. This week's announcement that CO2 reduction targets from the cement sector will be cut in China by around 13Mt, in the next year, is a definite signal to the world that China is beginning its shift to a low-carbon economy. Reaching peak carbon output before 2030 will keep the country with the largest cement production on course for carbo...

China Cement Association and GCCA sign low-carbon future agreement

02 February 2024, Published under Cement News

The two leading representative bodies of the global cement industry have signed a milestone agreement to help accelerate decarbonisation of the sector across the world. China Cement Association (CCA), which represents more than 50 per cent of the world’s cement production and the Global Cement and Concrete Association (GCCA), whose members account for 80 per cent of cement production capacity outside of China, have signed a historic partnership pledge. The pledge includes an agreement to wor...

A new chapter for China

15 August 2023, Published under Cement News

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-related restrictions as well as domestic and international headwinds, the country is now starting a fresh chapter with new obstacles and opportunities ahead. By Fei (Grace) Chen, China Cement Association, China. In 2022 China’s cement industry experienced one of its most challenging times in years and is now embar...

China at a crossroads

20 April 2022, Published under Cement News

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 neutrality by 2060. Restructuring efforts continue to transform the cement sector and the industry is now setting its sights on ‘double-carbon’ ambitions and actions. By Fei Chen and Bailin Chen, China Cement Association. China’s cement sector is at a crossroads as the country aims for peak carbon by 2030 and ca...

Chinese cement industry reaches record monthly profit

06 June 2018, Published under Cement News

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 of 2018, profits increased 220 per cent YoY to CNY33.7bn. The profit surge has been attributed to the government scheme to reduce overcapacity in the sector, which has reduced the supply of cement, reports the Xinhua News Agency. As a result, prices are expected to remain high even during the upcoming season. Nat...

China Cement Association urges consolidation

28 September 2016, Published under Cement News

The China Cement Association has petitioned policymakers to speed up consolidation in the cement sector, which currently has 3500 producers. The consolidation aims to concentrate at least 60 per cent of national capacity into 10 top producers by 2020. According to proposals by the association, the process is likely to involve many mergers and plant closures, reports the South China Post. To achieve a basic balance between demand and supply, the sector will need to reduce production capaci...

China: cracks begin to appear

04 May 2012, Published under Cement News

With a downturn looming, major cement companies in China are using various strategies to weather the tough times, such as consolidation and a push for greener technologies. Today, cement production capacity per capita in southwest China is one of the highest in the world. Overcapacity in cement production, because of China's sizzling economy and its heavy investments in infrastructure, has spread across the country at a time when the economy has shown strong signals of cooling down. Lei...

Deutsche Bank revises China outlook

10 February 2012, Published under Cement News

Following discussions with the China Cement Association, Deutsche Bank now expect capacity growth of 7.5% and 3.4% in 2012 and 2013 versus its previous expectations of 4.1% and 2.2%. Deutsche forecast national demand to grow 3.3% in 2012 compared to its previous forecast of 4.1%. This could prove conservative if property stabilizes and the economy recovers in 2H12, the bank notes. Nevertheless, it expects 2012 to be the year when supply pressure on producers is the greatest over the past ...