Cement News tagged under: China
Loesche wins coal mill orders from Guangdong Tapai Co Ltd18 October 2018, Published under Cement NewsLoesche is delivering two vertical roller mills (VRMs) to Guangdong Tapai Co Ltd for its two 10,000tpd clinker lines in Jiaoling, Meizhou, Guangdong province, China. The two LM35.3 D mills are a repeat order of that received by the company in 2015. The mils will grind pulverised coal at 50tph to a fineness of three per cent with a sieving residue of 0.08mm. They have an installed power of 1200kW. The two new Loesche coal mills are expected to be delivered in April 2019. Guangdong T... |
China increases cement output08 October 2018, Published under Cement NewsCement output in China advanced 0.5 per cent in the first eight months of 2018 to 1.38bnt, according to the National Commission for Development and Reform (NCDR). The organisation attributes the growth to an increase in real estate investment. In August production rose by five per cent, an acceleration when compared with the 3.7 per cent growth reported in August 2017. The growth is due to the higher activity in the real estate market, which expanded by 10.2 per cent YoY in the first seven... |
Chinese to build more cement factories in Uzbekistan10 September 2018, Published under Cement NewsChinese company Henshui Decheng Machinery and Equipment Co Ltd has signed an agreement to build several cement and brick factories in Jizzakh region, Uzbekistan. The announcement was made by the State Investments Committee of Uzbekistan. It is part of a plan to increase trade between Uzbekistan and China to US$10bn by 2020, reports Trend news agency. Currently, more than 700 enterprises with Chinese investment are operatign in Uzbekistan. More than 80 companies have been created with 1... |
CNBM reports strong pricing in 1H1827 August 2018, Published under Cement NewsCNBM’s Chairman, Cao Ganglin, reported that the average cement price over the first half of 2018 rose to RMB311/t in China. Speaking at a press conference, Cao said there was an upside trend for cement prices due to the current supportive demand-supply situation. Full-year demand is expected to stay stable. |
Dongwu Cement records 60% revenue increase in 1H1823 August 2018, Published under Cement NewsChina-based Dongwu Cement International Ltd has reported a 60.4 per cent YoY increase in revenue to CNY219.49m (US$31.9m) for the six-month period ended 30 June 2018. Total profit for the period surged to CNY28,593m, compared with CNY7726m in the year-ago period. The cement sector recorded a considerable increase in sales volume, operating income and gross profit as a result of the steady demand and rising prices in the country, according to the company's unaudited financial report. In t... |
Taiwan Cement posts record quarterly profits13 August 2018, Published under Cement NewsTaiwan Cement Corp posted a record 2Q profit, due mainly to higher cement prices in China, rising sales and increased contribution from its China-based subsidiary, TCC International Holdings Ltd. The Taipei-based firm's 2Q18 net income, attributable to the parent company, hit TWD7.06bn (US$229.9m), up 228.71 per cent YoY from TWD$2.15bn, the company said in a filing with the Taiwan Stock Exchange. Consolidated revenue rose 34.83 per cent to TWD33.32bn from TWD24.71bn, while gross margin... |
Anhui Conch reports positive profit expectations24 July 2018, Published under Cement NewsThe Board of Anhui Conch has announced it expects to record a YoY increase of CNY5373-6717m (US$788.3-985.4m) in its net profit attributable to equity holders for the six months ended 30 June 2018, prepared in line with PRC accounting standards). In 1H17 the company’s unaudited net profit attributable to equity holders reached CNY6717m while the net profit after extraordinary items attributable to equity shareholders reached CNY5123m. The company attributes the rise mainly to the signifi... |
FLSmidth and CNBM sign framework agreement19 July 2018, Published under Cement NewsFLSmidth and China National Building Material (CNBM) have signed a framework agreement to offer the cement industry more competitive plant solutions. Song Zhiping, chairman of CNBM Group, and Thomas Schulz, Group CEO of FLSmidth, signed the framework agreement at a high-level meeting at the FLSmidth headquarters in Denmark this week. "It was a pleasure to welcome the guests and to participate in such collaborative discussions about future opportunities to work together. Through this framew... |
Chinese producers expect significant rise in 1H18 net profit10 July 2018, Published under Cement NewsChina’s Huaxin Cement has announced that it expects 1H18 net profit to rise 179-192 per cent YoY, compared to CNY728m (US$109.94m) of the year-ago period, according to Reuters. Elsewhere in the country, Jiangxi Wannianqing Cement has also announced that it expects a significant surge of 440-490 per cent YoY in net profit for the period. |
RHI Magnesita undertakes major investment in China27 June 2018, Published under Cement NewsRefractory specialist RHI Magnesita will invest EUR20m in its dolomite plant in Chizhou, Anhui province in China. The step is part of a decisive response to address global pressures in the supply of raw materials to the refractory industry and rapidly provide additional volumes to its worldwide customers, said the company in a statement. The Chizhou site includes an extensive dolomite mine and raw material production as well as facilities for the production of high-quality dolomite-bas... |