Cement News tagged under: China
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... |
Liangtian lights up22 July 2024, Published under Cement NewsEarlier this year, China Resources Liangtian Cement Co’s new production line in Chenzhou City, China, built by Tianjin Cement Industry Design and Research Institute (TCDRI), passed its acceptance tests with flying colours. China Resources and TCDRI highlight the line’s pyroprocessing design and achievements following its commissioning. By Gao Weimin, Dr Ma Jiaomei, Yang Huanying and Wang Jiashuo, Tianjin Cement Industry Design and Research Institute Co Ltd, China, and Dr Tao Congxi, China Re... |
NovaAlgoma Cement Carriers unveils dual-fuel vessel12 July 2024, Published under Cement NewsNovaAlgoma Cement Carriers, a joint venture between Nova Marine Group and Algoma Central Corporation, has placed a purchase order for a methanol dual-fuel cement carrier in China. The 38,000dwt methanol-ready vessel has been described by the group as ‘the largest cement carrier ever’ and will be constructed by Zhejiang Single Shipbuilding and delivered by the end of 2026. The ship will be equipped with a cold ironing system, allowing it to use green energies in conjunction with exha... |
China leads cement revolution in Africa09 July 2024, Published under Cement NewsCement demand in China continues to collapse, and profits are pitiful, leading to some Chinese cement companies accelerating an already aggressive drive into Africa. By Tony Hadley African Advisory Ltd, Cyprus. China leads the rush into the African cement industry: Huaxin Cement completes Maweni plant in Tanzania (© Embassy of China – Tanzania) S o firstly, to China. Cement demand had fallen from its 2014 peak by ~17 per cent in 2023 (see Figure 1), of no surprise to indu... |
A tough time for China01 July 2024, Published under Cement NewsThe world’s largest cement-producing country and market has seen demand fall significantly while issues of overcapacity persist. While the sector aims to reduce oversupply, it also needs reform to meet the country’s net-zero carbon emissions targets. By Fei (Grace) Chen, China Cement Association, China. China’s overcapacity presents significant challenges in times when cement demand contracts (©jcx516) In 2023 China’s cement industry encountered considerable challenges as adjust... |
Cementtech 2024 takes place in Wuhan27 June 2024, Published under Cement NewsCementtech 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... |
Huaxin Cement wins WCA 2024 innovation award19 June 2024, Published under Cement NewsHuaxin Cement has won the Innovation Award of the World Cement Association 2024 for its Intelligent Low-Carbon Cement Manufacturing Technology (ILCCM). Huaxin is the only cement company with two consecutive WCA Innovation Awards, having previously won it in 2023 for its "Development and Application of Low Carbon and Nitrogen Reduction Ultra Large Scale Cement Production Technology and Equipment,” said the WCA. Under the leadership of CEO Yeqing Li, Huaxin has been recognised as a global... |