Cement News tagged under: China
China: Fujian Province cement plant collapse kills four23 March 2017, Published under Cement NewsFour people have died following the collapse of a structure at a cement plant in Zhangzhou City, eastern Fujian Province. The incident occurred on 20 March when a building in Zhongda cement plant in Kuiyang township, Nanjing County, collapsed. Four workers were trapped, with three dying at the scene and the other passing away at hospital. |
Co-processing MSW at Hongshuihe Cement Co22 March 2017, Published under Cement NewsIn its first application in China, an FLSmidth HDR63-315 HOTDISC ® combustion device is integrated in the 3800tpd calciner kiln of Hongshuihe Cement to handle municipal solid waste (MSW) with a high moisture content and low calorific value. By Zhou Lun, FLSmidth Beijing Ltd, China. Figure 1: the FLSmidth HOTDISC combustion device To safely and completely dispose of virtually unclassified municipal solid waste (MSW), China Resources Cement subsidiary Hongshuihe Cement Co Ltd bui... |
China: order and growth06 March 2017, Published under Cement NewsFollowing a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a positive note with cement inventories reported to be decreasing. This resilience is supported by improved producer discipline, increased cooperation between top players and robust government investment in infrastructure and housing. By Addison Dai, DBS Vickers, Hong Kong. China’s cement plants, such as Heidelber... |
China: Shanshui Cement defaults on bond28 February 2017, Published under Cement NewsShandong Shanshui Cement Group has defaulted on a CNY1bn (US$145m) bond, according to China Merchants Bank. With a huge amount of debt due in 2017, China is facing rising default risks as growth moderates and Beijing switches to a tighter monetary policy. Shanshui hasn't been able to raise enough money to fully repay the three-year debt, which was due 27 February, the underwriter said in a statement. Shanshui has already defaulted several times since 2015 due to liquidity strains, rest... |
Anhui Conch27 February 2017, Published under Cement NewsChina’s economy is expected to stabilise in 2017 as domestic demand improves and infrastructure investment picks up. According to the World Bank, growth of 6.5 per cent is forecast for 2017, following the 6.7 per cent seen in 2016 – the lowest reading in three decades but still within the government’s target range. Cement producers, such as Anhui Conch, can take comfort from the plethora of infrastructure projects announced for 2017 including the new, CNY170bn (US$24.7bn) road network bet... |
China: cement output up 2.5% in 201614 February 2017, Published under Cement NewsChina's cement output rose 2.5 per cent YoY to 2.4bnt in 2016, compared with the 4.9 per cent drop in 2015, according to the National Development and Reform Commission (NDRC). The data came as the property sector also gained momentum last year boosted by interest rate cuts and lower deposits. The real estate sector's recovery, however, has been uneven from city to city, with economically strong areas reporting drastic price rises, and less developed areas still reporting huge inventories ... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Vietnam notes fall in exports in 201606 February 2017, Published under Cement NewsVietnam exported 14.73Mt of cement in 2016, down 7.1 per cent YoY, according to the General Department of Vietnam Customs. Export revenues fell 16 per cent YoY to US$561m. In December the country exported 1.31Mt of cement and clinker to the value of US$50.58m, increasing 7.7 per cent and 10.4 per cent MoM in volume and value, respectively. Key destinations of cement and clinker exports were Bangladesh and the Philippines. Bangladesh imported 4.7Mt, representing a value of US$141m or 25... |
Rising cement prices signal economic growth in China24 January 2017, Published under Cement NewsRising cement prices were providing a clear signal that China's economic growth will remain stable for the year ahead, said Mo Ji, chief economist for Asia ex-Japan at Amundi in an interview with CNBC. Cement offers a more accurate gauge of China's economic activity given its short shelf life. "It can only be stored one month. If there is no on-the-ground activity, how can the cement prices go up? It's really demand," she said, adding that meant infrastructure and other construction was ... |
CAR government signs limestone agreement06 January 2017, Published under Cement NewsThe government of the Central African Republic (CAR) is one step closer to the exploitation of the limestone deposit in Bombassa and Ndimba villages, on the banks of the Oubangui river. CAR Trade Minister, Hassan Come, and the Head of China Geo Engineering Corp, Wing Wen Hao, signed on 3 January two draft agreements, one relating to the exploitation of cement in the African country. It earmarks the limestone deposit for use in cement production subject to a positive feasibility study. ... |