Cement News tagged under: China
South Cement Co to issue 270-day bills06 January 2015, Published under Cement NewsSouth Cement Co has announced that it will issue CNY750m (US$120.7m) unsecured super short-term bills with a maturity of 270 days on the interbank market on 6 January. The company, controlled by state-owned China National Building Material Co, said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 8 January, and the to-be-issued bills tradable on 9 January. Shang... |
China: BBMG acquires 60% stake in Hebei line02 January 2015, Published under Cement NewsBBMG announced that the company held 60 per cent equity of Xingtai Yong Ning Cement through transference at a consideration of CNY245m (US$39.46m). Xingtai Yong Ning Cement owned two 2500tpd dry cement clinker production lines. |
Conch Group unveils restructuring plan, China30 December 2014, Published under Cement NewsState-owned Conch Group of China has unveiled a plan to streamline shareholdings within the company. The Anhui provincial government intends to convert its indirect controlling shareholding of Anhui Conch Cement Co and Wuhu Conch Profiles & Science Co into direct ownership, according to filings to the Hong Kong exchange on Monday. Morgan Stanley said this might be an early step for the Anhui provincial government to exit from its shareholdings. |
Devnya wins “Building of the Year 2014” award11 December 2014, Published under Cement NewsItalcementi’s modernisation of the Devyna Cement plant, undertaken by CBMI Construction Co of China, has been awarded Bulgaria’s "Building of the Year 2014" award under the Industrial buildings – technological renovation and expansion category. Involving an investment of EUR160m, the Devnya cement plant project is one of the largest single industrial investments in Bulgaria in the last quarter of a century. CBMI (Sinoma Group) won the EPC contract for the project which combined Chinese... |
Indonesia: PT Conch South Kalimantan cement plant on-stream05 December 2014, Published under Cement NewsPT Conch’s greenfield cement plant has come on-stream in South Kalimantan, Indonesia, with an installed capacity of 1.5Mta. Construction of the factory began in 2012 and has involved an investment of US$202m. It has the capacity to produce 3200tpd. The project is parent company Anhui Conch Cement's first cement plant in Indonesia. The facility was built with a 36MW steam powered electric plant in a strategic location near the South Kalimantan-East Kalimantan highway, only 30km from Tanju... |
China to halt output from three northeast provinces03 December 2014, Published under Cement NewsChina is to halt cement production in three northeast provinces to reduce winter emissions. The world’s largest cement producer will suspend 103 cement production lines from today through March 31 in the Heilongjiang, Jilin and Liaoning provinces, state news agency Xinhua reported, citing the China Cement Association. The move will help cut smog in northeast China and in Beijing and Tianjin, according to the report. |
China: joint venture formed to restructure Zhongxia Cement02 December 2014, Published under Cement NewsGezhouba Group Cement Co Ltd and Hubei Zhongxia Cement Company Ltd have signed an agreement to form a joint venture to restructure the assets and businesses of Zhongxia Cement. Gezhouba Group Cement is a China-based company that engaged in the research, development, manufacture and marketing of cement. Under the terms of the agreement, the JV, with a registered capital of US$190m, will be engaged in production and sales of cement, clinker and fine slag powder and opencast mining of lime... |
China: Zhongxia Cement joint venture established28 November 2014, Published under Cement NewsChina Gezhouba Group reports that its wholly-owned subsidiary Gezhouba Group Cement signed an agreement with Hubei Zhongxia Cement on 26 November, for a joint venture company that will restructure the businesses and assets of Zhongxia Cement. The venture, with a registered capital of CNY1.17bn (US$190.4m), will be engaged in production and sales of cement, clinker and fine slag powder and opencast mining of limestone for cement use. Gezhouba Cement will hold 51 per cent of the company thro... |
China: Chongqing Conch commissions new line25 November 2014, Published under Cement NewsChongqing Conch Cement commissioned its third clinker line on 16 November. The new 4500tpd clinker line at Zhongxian was partially contracted by the Housing Engineering Technology Company of the 17th China Metallurgical Construction Group (17MCC Group). The order for 17MCC Group included 11 sub-contracts for limestone pre-blending storage, converying, kiln, pulverised coal preparation system, storage and conveying for clinker, plus a limestone crushing and conveying system. The electrostat... |
Tangshan Jidong Cement Co to issue CNY1bn bills19 November 2014, Published under Cement NewsTangshan Jidong Cement Co, Ltd has announced that it will issue CNY1bn (US$16.3m) unsecured short-term bills with a maturity of 365 days on the interbank market on 21 November 2014. The company said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 24 November and the to-be-issued bills tradable on 25 November. China Lianhe Credit Rating Co, Ltd has rated the issuer... |