Cement News tagged under: China
China's cement production level to hold steady through to 202029 April 2019, Published under Cement NewsChina's cement output has fallen from a peak in 2014 but will hold steady through 2020, according to a report from global ratings agency Moody’s. The lower production volume reflects the closer of inefficient capacity and winter production, where the government reportedly seeks to reduce emissions. "The lower production volume and steady demand support the price of cement," said Roy Zhang, assistant vice president and analyst. "Such prices will help sustain producer margins." Prices are ... |
Anhui Conch 1Q net profit sees 27% hike29 April 2019, Published under Cement NewsChinese cement major Anhui Conch Cement Co posted a 27.3 per cent YoY increase in net profits in the first quarter of 2019 following strong growth last year. Conch Cement said in a filing to the Shanghai Stock Excchange it earned a net profit of CNY6.08bn (US$903.5m) in the first three months of the year. Revenues surged 62.5 per cent to CNY30.5bn. |
Anhui Conch24 April 2019, Published under Cement NewsAnhui Conch’s impressive 88 per cent YoY leap in profits last year is being attributed to China’s crackdown on polluting industries, including steel, coal and cement. The crackdown resulted in a reduced supply of cement in the country, boosting the price of the commodity by around 22 per cent to an average of CNY427/t (US$63.56/t). Despite the squeeze on supply, investment in construction remained stable, expanding by 9.5 per cent in 2018, according to Caixin Global. The Chinese cement se... |
Wacker opens competence centre for cement and concrete in Shanghai19 April 2019, Published under Cement NewsChemical company Wacker has opened a new competence centre for cement and concrete applications in Shanghai. The laboratory will develop silicone products that improve the properties of and longevity of cement and concrete in a sustainable way, with a particular focus on performance-enhancing silicone additives. "The new centre of excellence in Shanghai will help our clients face these challenges and capitalise on the opportunities they bring," said Paul Lindblad, president of Wacker Great... |
GCCA welcomes new member companies09 April 2019, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has added cement companies from India, China, Peru and Mexico to its growing global membership base which now totals 36 member companies and 15 affiliates. The new members are Corporacion Moctezuma (Mexico), Unión Andina de Cementos SAA (Peru), JSW Cement (India) and West China Cement (China). Benjamin Sporton, chief executive officer of GCCA said: "The continuing and rapid growth of the Association’s membership is very encouraging. With a ... |
Modular miracles03 April 2019, Published under Cement NewsCement producers looking for fast entry into growing small- and medium-sized markets are increasingly looking at employing the light-asset approach. Modular and mobile grinding systems can provide a versatile and cost-effective means to gain a lead in such markets. By Dr Stanley Ko, CBMI Construction Co Ltd, South Africa. CBMI’s MMG v modular grinding station enables fast entry into new markets Modular grinding plants have recently gained in popularity with cement producers tha... |
Anhui Conch first to benefit from higher cement prices03 April 2019, Published under Cement NewsCement supply has dropped in China after the crackdown on polluting industries. This has encouraged price increases and higher profits for cement manufacturers. Anhui Conch reported an 88.1 per cent jump in its net profits in 2018 to CNY29.8bn (US$4.43bn). The company's total revenue of CNY128.4bn increased by 70.5 per cent on its 2017 performance. Anhui Conch's profits equalled 25 per cent of the total profits of the top 10 cement companies in China over the last two years, says Caixin Glo... |
Raising expectations01 April 2019, Published under Cement NewsA tightening supply-demand balance, rising prices and record industry profits have raised expectations of an improved scenario for China’s cement producers in 2019. A number of challenges remain on the supply-side, including tighter emissions control standards and the threat of imports into coastal markets, but the outlook for consumption is promising. By Fei (Grace) Chen, China Cement Association, China. China’s cement industry produced 2.177bnt of cement in 2018 China’s cement... |
The new Asian paradigm01 April 2019, Published under Cement NewsThis week CemNet news reported on the latest developments in LafargeHolcim's (LH) sale of Holcim Philippines Inc. Shares in the company have risen 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, according to Bloomberg data. A decade ago, every cement major wanted to grab a piece of the Emerging Market pie. What happened? Holcim Philippines operates five plants with 9.6Mta capacity, following the recent grinding mill expansion at its La Union plant in North L... |
China’s balancing act27 March 2019, Published under Cement News2018 marked the 40th anniversary of China’s “Reform and Opening Up”, the name given to the hugely successful economic reforms instigated by Deng Xiaoping in 1978, which initiated the country’s transformation from a largely agricultural nation into the second- largest economy in the world. This remarkable period has seen China’s economy enjoy an uninterrupted, multi-decade economic boom and lifted tens of millions out of poverty. China’s cement producers are mid-way through a key phase... |