Cement News tagged under: China
Mechel, Russia, to supply 2-3Mt thermal coal to Tangshan Jidong29 December 2016, Published under Cement NewsOn December 21, Mechel 0A0, a major metals and resource company in Russia, announced it had inked a supply contract with Tangshan Jidong Cement Co., Ltd., China for thermal coal. The contract term is from December 2016 to December 2017, during which time Mechel will supply 2-3Mt of Russian thermal coal to Tangshan Jidong Cement. The sales price of thermal coal is to be fixed every month based on then market. Tangshan Jidong Cement is a major cement company and subsidiary of Tangshan Ji... |
Russia: Mechel to supply 2-3Mt coal to Tangshan Jidong23 December 2016, Published under Cement NewsRussian metals and resource company, Mechel OAO, announced it has signed a contract for the supply of 2-3Mt of thermal coal to Tangshan Jidong Cement Co. The contract term, which will see Mechel supply Russian thermal coal, runs from December 2016-December 2017. The sales price of the coal is to be fixed each month based on the prevailing market rate. Michael will ship coals produced by its subsidiaries such as Elgaugol, Yakutugol Holding Co and Southern Kuzbass Coal Co. Previously ... |
China Resources Cement and BBMG sign strategic co-operation agreement20 December 2016, Published under Cement NewsChina Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, w... |
China: Shandong Shanshui returns to profitability16 December 2016, Published under Cement NewsShandong Shanshui Cement has managed to turn its losses into profit following a year of defaulting on debts after a battle for control of the company. Deputy Chairman, Mi Jingtian, said that solutions to the CNY4.6bn (US$661.1m) of defaulted debt are now in place and the company has paid in full all outstanding interest. It has since regained a “normal working relationship” with commercial banks. A disclosure issued on 5 December stated that the company has settled a dispute with China Me... |
Zimbabwe: Mortal Investments plant complete16 December 2016, Published under Cement NewsThe construction of Mortal Investments Manufacturing Co’s US$10m plant in Redcliff, Zimbabwe, has been completed. The Chinese investor begun construction of the new plant in August after purchasing a 100,000m 2 plot of land. According to Redcliff Municipality Mayor, Councillor Fred Kapuya, the plant is in its test run phase, which is expected to be completed early 2017. |
Taiwan Cement plans to increase exports to China08 December 2016, Published under Cement NewsThe Taiwan Cement Corporation has said that it expects to ship 1.1Mt of cement to China in the first quarter of 2017, an increase of two per cent on its performance in 1Q16, the Taipei Times reports. In an earnings statement covering the first nine months of 2016, Taiwan Cement saw its profit increase by 13.7 per cent to TWD4.5bn (US$141m), driven by rising prices and a fall in the cost of coal. The company’s exports to China reached 3.9Mt in the first three quarters of 2016, up 10 per... |
Ghana: authorities accuse Chinese ship of smuggling cement23 November 2016, Published under Cement NewsGhanaian customs officials have prevented a Chinese-registered vessel – the Guo Tou 106 – from offloading bagged cement at Tema port for which it had no import licence, the Chronicle newspaper reports. According to the article, the ship’s owners had initially told the Ghana Ports and Harbours Authority that its cargo was steel products, but at a subsequent meeting the crew admitted that they were transporting other items, including bagged cement. The ship has been allowed to offload th... |
Cambodia: new plant proposal22 November 2016, Published under Cement NewsA meeting between Chinese-owned Cambodia Capital Mineral Resources Co (CCMRC) and the Ministry of Mines and Energy saw Li Xiao Ming, CCMRC president, put forward the idea of building a cement processing plant to boost supply for the country’s construction industry. The meeting between CCMRC and the Ministry intended to seek government support before any feasibility studies begin. Minister Suy Sem implied that the project will receive government approval. Meng Saktheara, secretary of state... |
Laos: 5000tpd plant to be completed by 201811 November 2016, Published under Cement NewsVientiane Hongshi Saythirath Cement Co is due to begin construction on its new 5000tpd dry-process plant in Vientiane’s Hinhuep district, with completion estimated for 2018. The project represents an investment of US$300m. Vientiane Hongshi Saythirath Cement is owned by China-based Hongshi Holding Group, which holds a 70 per cent share, while Saythirath Group, Laos, commands the remaining 30 per cent. The new plant will focus its exports on Thailand, with the remainder of supply being ... |
Pakistan: Dewan Cement profits up 61%01 November 2016, Published under Cement NewsDewan Cement Ltd (DCL) posted a net profit of PKR268m (US$2.55m) for the quarter ended 30 September, a 61.4 per cent increase YoY from the PKR166m registered last year. Company revenue increased 14 per cent YoY (-18 per cent QoQ) to PKR2.94bn, mainly as a result of increasing dispatches and rising prices following a higher federal excise duty on cement manufacturers. Gross margins remained unchanged from the previous year’s figure of 19 per cent. The company report added that “subpar gros... |