Cement News tagged under: China
China's cement production rises 9% YoY in May19 June 2020, Published under Cement NewsCement production increased to 248.69Mt in May 2020, up 11.3 per cent from April and 8.6 per cent from the corresponding period last year, according to the South China Morning Post. The recovery has been attributed to resumed and stronger construction activity, following the lifting of the restrictions put in place by the government control the spread of the coronavirus outbreak earlier this year. However, going forward cement production is expected to peak in June due to the summer ra... |
Looking to the West08 June 2020, Published under Cement NewsFollowing the outbreak of the coronavirus pandemic, Dr Weiping Ma, CEO of West China Cement, provides an update on the company’s operations and the virus’ impact on the Chinese cement industry. Ian Riley, CEO of the World Cement Association, of which the company is a member, also provides some essential context. Figure 1: the Chinese operations of West China Cement ICR: What is West China Cement’s corporate background and how had it been performing pre-coronavirus? Dr Weiping... |
China's cement output recovers lost ground04 June 2020, Published under Cement NewsCement production in China fell 14.4 per cent YoY to 520.949Mt in the first four months of 2020. However, monthly output has rebounded strongly from its decline in February and March, with production in April reaching 223.469Mt, up 3.8 per cent YoY. Demand in the 1H20 is expected to decline 6-8 per cent, based on a survey carried out in April by International Cement Review assessing the global impact of the COVID-19 pandemic. Following government measures to unlock the economy in March... |
Xinjiang Tianshan Cement set to issue bonds28 May 2020, Published under Cement NewsThe board of China's Xinjiang Tianshan Cement has reviewed and approved a proposal to apply to the China Interbank Market Dealers’ Association for the registration of ultra-short-term financing bonds, with a total size of no more than CNY1bn (US$139.75m). The plans have been put in place to reduce financing costs, expand financing channels and meet the company's development needs for capital, according to an announcement. |
IRClass cement carrier launches in China28 May 2020, Published under Cement NewsA cement carrier under construction at Penglai Zhongbai Jinglu Ship Industry Co Ltd, China, was successfully launched on 30 March 2020. The vessel, called ‘Advaita’, has been built under the classification of Indian Register of Shipping (IRClass). IRClass surveyors braved the constantly-changing scenario of both global and local restrictions due to COVID-19 and immense challenges including movement of manpower, to ensure the float happened as scheduled. Advaita, is approximately 160m long,... |
WCA shares Sinoma Research Institute innovations in energy efficiency webinar21 May 2020, Published under Cement NewsThe World Cement Association (WCA) held its 'Energy efficiency and New Technologies' webinar yesterday with guest speakers from Sinoma Research Institute (SRI), CNBM group. Nie Wenhai, assistant general director of SRI, presented a paper on milling technology that evaluated the power efficiency of grinding for raw and finish milling, replacing ball mills with roller press systems or vertical roller mills (VRM). Sinoma has completed 350 roller press installations and 531 VRM projects in th... |
Huaxin Cement acquires ARM Cement's Tanzanian unit20 May 2020, Published under Cement NewsThe Tanzanian unit of Kenya's ARM Cement has been sold to China's Huaxin Cement, according to its administrator PricewaterhouseCoopers. Huaxin is expected to invest US$116m into Maweni Limestone Ltd to settle liabilities and another US$30m to complete a plant construction and upgrade. "Securing a suitable investor with the ability to make the requisite investments and inject much-needed capital to boost Maweni's operations [...] was a top priority [...] given Maweni's dire financial si... |
Taiwan Cement expects stronger 2H2020 May 2020, Published under Cement NewsTaiwan Cement Corp gave a positive outlook for its core businesses this quarter as the cement market appears to have emerged from the shadows of the COVID-19 pandemic in China. Chinese construction started to resume in March and appeared to have mostly returned to normality last month, bolstering the company’s selling prices and output in the current quarter to levels similar to the same period last year, said Taiwan Cement President, John Li. The second quarter might turn out stronger t... |
Vietnam's cement exports to China drop 5% in 1Q2012 May 2020, Published under Cement NewsChina was the largest market for Vietnamese cement imports in the first quarter of 2020, importing 2.73Mt worth US$96.92m, according to the latest data from the General Department of Vietnam Customs. This was down 5.4 per cent and 13.3 per cent YoY in volume and value, respectively, but still accounted for 35.3 per cent of Vietnam’s export volumes during the quarter. The Philippines imported 1.47Mt worth US$69.09m in the 1Q20, declining 27.5 per cent YoY in volume and 32.3 per cent in val... |
RHI Magnesita reports resilient 1Q cement business05 May 2020, Published under Cement NewsRHI Magnesita NV reports that the Industrial division continued to perform well in 1Q20, particularly in cement. Trading activity in the steel division remained weak in Europe and South America, largely offset by a robust performance in North America. Overall, demand levels were similar to the 1Q19 with EBITA slightly ahead, in line with management expectations. Raw material prices fell further in 2020, given the reduction in overall demand and uninterrupted supply from China, which has h... |