Cement News tagged under: China
Asia Cement (China) Holdings Corp posts 40% 9M profit rise30 October 2019, Published under Cement NewsAsia Cement (China) Holdings Corp has reported a 16.3 per cent advance in revenues to CNY9.18bn (US$1.299bn) in the 9M19 when compared with CNY7.89bn in the 9M18, according to Reuters. Attributable profit came in at CNY2.24bn in the nine-month period, representing a 40 per cent increase YoY from CNY1.6bn. Cementitious sales are expected to reach 30.9Mt in the FY19. |
China Resources Cement profit edges up 3% in 3Q28 October 2019, Published under Cement NewsChina Resources Cement reported a 3.2 per cent YoY increase in 3Q profit to HKD9.31bn (US$1.19bn) in 2019 when compared with HKD9.02bn in the year-ago period. The company’s profit remained largely stable at HKD2.03bn in the 3Q19 when compared with HKD2.07bn in the 3Q18. |
China steps into the lime light25 October 2019, Published under Cement NewsAs the urbanisation rate in China increases and the government legislates for a more sustainable society, the use of lime is set to expand. This is expected to lead to the modernisation and consolidation of the country’s lime industry with fewer but larger lime plants, equipped with modern technology. By China Lime Association, China. Figure 1: lime demand in China’s industrial sectors, 2018 Following 40 years of rapid growth, China’s economic and social development has achieved... |
China Tianrui Group Cement enters into new clinker supply agreement17 October 2019, Published under Cement NewsChina Tianrui Group Cement has entered into a new clinker supply framework agreement with Ruiping Shilong, which will remain active until 31 December 2021. While an existing clinker supply agreement for the same term has been active since 1 April 2019, the company has stated that the actual transaction amount may exceed the proposed annual cap. Therefore, the new agreement will supersede the previous arrangement. |
Ocean plastic: an opportunity in the circular economy?15 October 2019, Published under Cement NewsInitiatives are under way to address the global issue of plastics litter in the oceans. Norway’s SINTEF highlights the use of co-processing in the Ocean Plastic Turned into an Opportunity in Circular Economy project. By Dr Kåre Helge Karstensen, Palash Kumar Saha, Eirik Vigerust, Anneli Alatalo Paulsen, Dr Christian John Engelsen and Dr Mehdi Ahmadi, Foundation for Scientific and Industrial Research (SINTEF), Norway. Mining of plastic wastes at a dumpsite in Thailand. Image credit: Kå... |
Jidong Cement to acquire 49% stake in Beijing BBMG Mangrove09 October 2019, Published under Cement NewsChina’s BBMG Corp is set to sell its entire 49 per cent stake in Beijing BBMG Mangrove to Jidong Cement for CNY1.72bn (US$241m). Jidong Cement is expected to fund the acquisition of the waste management company in an all-cash deal, according to a statement by BBMG. The proceeds from the divestment will be used to meet BBMG’s working capital requirements. |
China National Building Materials (CNBM)26 September 2019, Published under Cement NewsSinoria FABCOM, a subsidiary of China National Building Materials (CNBM), has confirmed its plans to open a fibre cement board plant in Abuja, Nigeria. According to the company, the first production line at the new facility will be able to produce over 5Mm 2 each year. The move follows the success of the company’s stone-coated roofing sheet production plant, also located in Abuja. Sinoria FABCOM hopes to help solve the Nigerian housing crisis by supplying the country with quality and afford... |
Anhui Conch26 September 2019, Published under Cement NewsDespite the project proving to be a loss maker, Anhui Conch is fully committed to its carbon capture investment at the Baimashan plant in eastern China. The US$10m carbon capture and storage (CCS) project was installed last year after taking 12 months to construct. Trial production began in October 2018 with the aim of separating and purifying 50,000t of carbon dioxide (CO 2 ) each year, which Anhui Conch would then sell to industrial consumers. As a pilot project the technology is curren... |
West China Cement to set up cement joint venture23 September 2019, Published under Cement NewsWest China Cement subsidiary West International, CIF-MOZ, Oceanic Star and Guhava have entered into a cooperation agreement to establish a joint venture for joint investment and construction of a cement production line in Mozambique. West International, CIF-MOZ, Oceanic Star and Guhava will contribute MZN60m, MZN21m, MZN14m and MZN5m, respectively, to the registered capital of the joint venture and will hold 60, 21, 14 and five per cent, respectively of JV equity interests, respectively. ... |
Carbon capture is a loss-maker for Anhui Conch16 September 2019, Published under Cement NewsAnhui Conch has invested US$10m in carbon capture equipment at its Baimashan plant near the Yangtze river in eastern China. The pilot carbon capture and storage (CCS) project, installed last year in the city of Wuhu in Anhui province, separates and purifies 50,000t of carbon dioxide (CO 2 ) a year, which Conch will sell to industrial consumers, reports Reuters. As a pilot project the technology currently is designed to capture a small percentage of the 1.5Mt of CO 2 generated by a single... |