Cement News tagged under: China
CNBM adds 18.7% stake in Southwest Cement21 June 2018, Published under Cement NewsChina National Building Material (CNBM) said it agreed to purchase a 18.7 per cent equity interest in Southwest Cement Co from Zhonghai Trust Co Ltd for CNY1918m (US$295.1m). The acquisition would increase CNBM’s stake from 70 per cent to 88.7 per cent. It would strengthen CNBM’s bottom line, quality asset management and improve return on investment as the southwestern China market continues to improve as a result of supply-side structural reforms. |
Taiwanese cement industry records sales surge in May14 June 2018, Published under Cement NewsThe Taiwan Stock Exchange (TWSE) has announced that the cement industry was amongst the top three sectors in terms of YoY sales growth in May 2018, alongside the semiconductor and fuel/utility sectors. Over the period, 645 listed companies reported a YoY increase in revenue, while 271 saw a fall. Sales generated by listed cement businesses noted a 34.3 per cent YoY surge in revenue to TWD21.1bn (US$701.98m) on the back of rising demand from China, according to data complied by the TWSE. |
Anhui Tongling Conch temporarily suspends three production lines13 June 2018, Published under Cement NewsAnhui Tongling Conch Cement Co Ltd was required to suspend operations of a cargo pier in late May, according to a notice jointly issued by the Tongling Environmental Protection Bureau and Tongling Port and Shipping (Local Maritime) Bureau, China. Since the pier is an important channel for the shipping of cement and clinker products as well as the delivery of raw coal to the company’s cement plant, its suspension has resulted in a temporary halt at three of Tongling Conch’s clinker lines. Th... |
Siemens seals agreements for Belt and Road Initiative08 June 2018, Published under Cement NewsSiemens has entered into more than 10 agreements with Chinese partners in support and exploration of opportunities from the Belt and Road Initiative (BRI) in projects that target the market potentials of countries and regions such as Indonesia, the Philippines, Nigeria, Mozambique as well as South America. At the Belt and Road International Summit held by Siemens, the company signed agreements with a number of leading Chinese enterprises, including China Gezhouba Group Corporation Internat... |
Hongshi Holding Group expected to contract FLSmidth for equipment supply07 June 2018, Published under Cement NewsChina-based Hongshi Holding Group Co Ltd is expected to award a contract to FLSmidth for the supply of mills, crushers and feeders for its 8000tpd plant in East Java, Indonesia. The US$40m contract is expected to be signed at the end of the month, according to Lu Jianlong, manager at the company’s equipment supply sector. The dry-process facility represents a total investment of US$314.7m, with equipment procurement estimated at US$227m, reports Inside International Industrials. Sinoma (... |
Chinese cement industry reaches record monthly profit06 June 2018, Published under Cement NewsThe profit of the Chinese cement industry reached a record monthly high of CNY14.7bn (US$2.3bn) in April, according to the China Cement Association. Over the first four months of 2018, profits increased 220 per cent YoY to CNY33.7bn. The profit surge has been attributed to the government scheme to reduce overcapacity in the sector, which has reduced the supply of cement, reports the Xinhua News Agency. As a result, prices are expected to remain high even during the upcoming season. Nat... |
Cameroon sees exports more than double in 201724 May 2018, Published under Cement NewsCement exports from Cameroon reached 57,459t in 2017, a considerable increase from 19,700t in 2016, according to data released by the Ministry of Economy, Planning and Trade. Most of the volume is supplied to countries of the Economic and Monetary Community of Central Africa (CEMAC). The rise has come on the back of an increase in local cement production by Cameroon’s cement manufacturers, which have a total production capacity of 3.7Mta. The domestic market saw its local supply su... |
CNBM appoints new board members11 May 2018, Published under Cement NewsSong Zhiping, chairman of the board of China National Building Material Co Ltd (CNBM), as well as Guo Chaomin and Xu Weibing, both directors of the board will step down from the board with effect from 13 June 2018, when the company’s annual general meeting takes place. The board of directors has thanked both directors for their service to the company. Resolutions for approval at the AGM have been proposed to approve the electdion of Peng Jianxin as executive director. In addition, Xu Weibi... |
Taiwanese giants profit on mainland China08 May 2018, Published under Cement NewsThis week the Taiwanese cement giants operating on the Chinese Mainland disclosed they expect a profitable year ahead with pickings envisaged to be richer than in their domestic market. While it had not increased cement capacity in China,Taiwan Cement Corp (TCC) became the sixth-largest cement manufacturer in China before the end of 2017. This followed an 8Mta cut in production capacity to 51.5Mta by China Shanshui Cement Group. In addition, Asia Cement Corp (ACC), part of Taiwan cong... |
Taiwanese giants profit on mainland China04 May 2018, Published under Cement NewsThis week the Taiwanese cement giants operating on the Chinese Mainland disclosed they expect a profitable year ahead with pickings envisaged to be richer than in their domestic market. While it had not increased cement capacity in China,Taiwan Cement Corp (TCC) became the sixth-largest cement manufacturer in China before the end of 2017. This followed an 8Mta cut in production capacity to 51.5Mta by China Shanshui Cement Group. In addition, Asia Cement Corp (ACC), part of Taiwan conglomer... |