Cement News tagged under: China
Loesche delivers slag mill to Taigang Group23 July 2014, Published under Cement NewsLoesche has delivered the world’s largest slag mill to Taigang Group International Trade Co, Ltd, German equipment specialists have said in a statement. Loesche received the order for a vertical mill type LM 63.3+3 for grinding granulated blastfurnace slag in September 2011. The plant went into operation at the steelworks of TISCO, Shanxi Taigang Stainless Steel Co. Ltd in Taiyuan in March 2014. It attained a new record product rate of 255tph of blastfurnace slag meal after only a short pe... |
China Tianrui Group expects 15% rise in 1H14 net profit22 July 2014, Published under Cement NewsChina Tianrui Group Cement said it expects to record an increase of about 15 per cent in consolidated net profit for the six months to the end of June 2014 compared to the same period of 2013. The growth was mainly attributable to the substantial increase in sales volume compared to the same period of last year. |
Venezuela signs cement plant agreement with China22 July 2014, Published under Cement NewsVenezuela and China signed a framework agreement for the installation of a new cement plant in the state of Lara, Venezuela, which is expected the basis for the installation of a further works. This will increase cement production to 1.2Mta. |
Chinese producers counting profits09 July 2014, Published under Cement NewsCement makers in China saw a resumption in profit growth last year thanks to a combination of improved construction activity, low production costs due to weak coal prices and the government's push to close some inefficient producers. China produced 908.5Mt of cement in the first five months of this year, up 4.1 per cent from a year earlier, official data showed. Wannianqing Cement Co Ltd said it expected its profit to rise by as much as 100 per cent as average prices of its products rose, j... |
Anhui Conch issues positive profit alert, China03 July 2014, Published under Cement NewsYesterday, Anhui Conch said it expects first-half net profit up about 90 per cent YoY compared to CNY3.06bn (US$492.75m) a year earlier. The advance is being attributed to increased product sales and prices. Dow Jones cited a report by Barclays which says higher sales and lower coal prices are responsible. "We expect the share price to react positively" Thursday but the stock may "then fall back on ongoing seasonal weakness in cement prices," Barclays says. This may persist throughout the... |
China Resources sales exceed guidance27 June 2014, Published under Cement NewsChina Resources Cement said its cement and clinker sales prices have exceeded expectations this year, meaning that first half profit "is expected to be significantly increased as compared with the corresponding period in 2013," the company says. "The strong cement price in off season (2Q14) is suggesting better and demand balance in southern China," says Guotai Junan Securities. "We believe cement price might pick up in 4Q14 and recent sell-off makes CR Cement more attractive." |
Tajik-Chinese talks over new plant project24 June 2014, Published under Cement NewsTalks between Tajiki and Chinese investors are underway over the construction of a cement plant in the south of the central Asian country. The 1Mta cement plant is expected to be constructed in Dangara, unnamed government sources revealed to local press. The estimated cost of the project is reported to be around US$150m. |
Asia Cement targets increased market share17 June 2014, Published under Cement NewsAsia Cement Corp said it plans to boost its market share in the provinces of Hubei, Jiangxi, Sichuan and Jiangsu, the company disclosed at its annual shareholders’ meeting. Through mergers and acquisitions, it aims to increase market share to above 30 per cent in five major Chinese cities: Wuhan, Nanchang, Jiujiang, Chengdu and Yangzhou. The Taiwanese producer is looking to acquire factories in Wuhan that can produce 568,000tpa of cement and plants in Nanchang with a capacity of 240,000tpa... |
China cement exports decline in 4M1430 May 2014, Published under Cement NewsChina's cement exports declined by 9.4 per cent YoY to 2.96Mt in the first four months of 2014, according to data released by the General Administration of Customs. However, the growth rate was 1.5 per cent higher than the level realised in the first quarter of this year. Clinker exports surged 63.09 per cent YoY to 1.31Mt over the Jan-April 2014 period. Imports amounted to 94,600t of cement in the first four months, reflecting a YoY decrease of 9.32 per cent. Clinker imports increa... |
Deutsche Bank lowers China demand forecast27 May 2014, Published under Cement NewsAccording to the latest research report by Deutsche Bank, cement demand forecast was lowered to 4.5 per cent, due to the recent slowdown in the real estate market in China. However, the forecast still exceeds cement supply of 1.9 per cent. The target prices of cement stocks were reduced in accordance with the adjustments on sales volume and average selling prices. |