Cement News tagged under: China
Asia’s plastic potential09 March 2020, Published under Cement NewsWith the highest consumption of plastic in the world and representing two-thirds of global cement production, five Asian countries provide the opportunity to address the worldwide issue of non-recyclable plastic waste. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, SINTEF, Norway. Collection of plastic in Binh Duong, Vietnam, January 2020 A total of 6.3bnt of plastic waste was created global... |
Coronavirus' impact on cement06 March 2020, Published under Cement NewsThe coronavirus (COVID-19) has already made a leap out of China and is rapidly affecting international communities and stock markets around the world. The cement sector has not been immune from being caught up in events and not just at the point of origin in Wuhan, China. While not widely reported, China's Hubei province was quick to try and expunge any spread of COVID-19 in February 2020 when it started taking medical waste from hospitals to be incinerated at cement plants. Four fully-en... |
China’s cautious confidence04 March 2020, Published under Cement NewsWith most provinces reporting a growth in cement output, Chinese cement companies enjoyed a bountiful year in 2019, supported by stronger peak-season demand and stable, high prices. For 2020 industry sentiment is one of cautious confidence despite a forecast indicating that demand will slip slightly. Furthermore, the current coronavirus outbreak is also expected to affect cement demand in the first half of the year. By Fei Chen and Bailin Chen, China Cement Association, China. Improvi... |
The noise about fans11 February 2020, Published under Cement NewsFans are widely used to move air in a range of industries, including the cement industry. However, if not suitably insulated they can give rise to noise issues and impact the wellbeing of cement plant staff and local residents. In this article, Halifax Fan looks at noise levels from fans and how to reduce their impact. By Dr John Irons, Halifax Fan, UK, and Jessie Jia, Halifax Fan, China. Two sinter cooling fans located close to each other with ducting Sound is fluctuating air p... |
Jiangxi Wannianqing Cement projects profit increase for 201921 January 2020, Published under Cement NewsChina’s Jiangxi Wannianqing Cement has projected its net profit to rise from CNY1.1bn (US$160.26m) to between CNY1.28-1.5bn for 2019. The company has attributed the profit increase to the structural reforms of the cement industry and steady growth in demand for the region where it is based. This has resulted in the advancement of the company’s cement sales and product prices. |
Gansu Qilianshan Cement expects 85% rise in profit15 January 2020, Published under Cement NewsChina’s Gansu Qilianshan Cement expects to realise a net profit of around CNY1.21bn (US$174m) in 2019, an increase of approximately 85 per cent compared to CNY654.8m last year. The company has attributed the results to an increase in product sales and improved cost control after upgrading the efficiency of its production and operations. |
West China Cement has new CFO15 January 2020, Published under Cement NewsChu Yufeng has been appointed chief financial officer of West China Cement. The company stated that his predecessor Chan King Sau ceased to be CFO, according to Reuters. |
China's 2020 demand growth forecast increases10 January 2020, Published under Cement NewsNomura has increased its 2020 demand growth forecast for China from three per cent to five per cent following expectations that Beijing will continue to support its property and infrastructure sectors. The Asian financial services company has seen further room for Beijing to loosen its restrictions on property transactions and investment to shore up economic growth. Plans to build new city clusters will also stay on track and increase cement demand by providing a boost to infrastructure spe... |
Huaxin Cement plans share buy-back scheme20 December 2019, Published under Cement NewsChina’s Huaxin Cement has announced its intention to buy back company shares worth around CNY100-125m (US$14.21-17.76m) within the next 12 months. The company also stated its plans to issue offshore bonds worth up to US$500m. |
Dongwu Cement to sell stake in wastewater treatment company18 December 2019, Published under Cement NewsChina’s Dongwu Cement has announced that its subsidiary, Xinhua Shanghai Investment Management Co, plans to divest its entire 62.26 per cent stake in Shanghai Biofit Environmental Technology Co. The total consideration for the divestment is estimated at CNY22m (US$3.14m). Shanghai Biofit and its subsidiaries are principally engaged in the treatment of organic wastewater and sludge, alongside the comprehensive treatment of urban organic waste. |