Cement News tagged under: China
China production rises in first eight months14 October 2013, Published under Cement NewsChina's cement and clinker production totalled 1.52bnt and 888Mt in the first eight months of 2013, up 9.2 per cent and 5.2 per cent respectively from the same period of a year earlier, according to the China Cement Association. The southwestern and northwestern regions saw the fastest growth rates of 14.6 per cent and 15.4 per cent, while production in the northeast continued to decline, and production in the north remained unchanged compared with a year earlier, bucking the downward tr... |
Jianxi Wannianqing expects significant rise in 9M net profit10 October 2013, Published under Cement NewsJianxi Wannianqing Cement said it expects net profit to surge in the first nine months of this year compared to the same period of 2012 due to an increase in sales and lower production costs. The China-based producer expects a rise of 196-223 per cent YoY. It earlier reported a net profit of CNY132.56m for the first half of the year, up 129.02 per cent on the 1H12. Core business revenue jumped 26.13 per cent to CNY2.53bn. |
Positive view on China Resources-Fujian Energy collaboration04 October 2013, Published under Cement NewsDaiwa Research holds positive view on China Resources Cement's agreement with state-owned Fujian Energy to jointly develop and expand the cement and concrete business in Fujian Province. The research house expects the alliance with Fujian Cement should further increase CR Cement's market share in the province. While Fujian Cement's earnings capability looks weak (it reported net losses for 2012 and 1H13), the house believes CR Cement could help improve Fujian Cement's operational efficienc... |
HSBC cuts target price for China Shanshui Cement26 September 2013, Published under Cement NewsHSBC Research cut its target price for China Shanshui Cement to HK$3 from HK$4.2, and downgraded the stock from "overweight" to "underweight". The research house thinks expectations for better pricing in 2H (during the peak season) will disappoint given Shanshui's geographical exposure. Furthermore, HSBC forecast earnings to remain depressed in FY2014 due to persistently high tax expenses resulting from Shanshui's use of high-yield corporate bonds for offshore financing, as well as i... |
Gansu Qilianshan Cement expands into Gansu province, China17 September 2013, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd plans to invest CNY265.59m (US$43.4m) to acquire a 100 per cent in Longran Runji Cement Co to expand into the Gansu province market. Runji Cement currently operates a 2500tpd dry-process line. |
Tieling Cement Co improves dust control efficiency, China10 September 2013, Published under Cement NewsNF Energy Saving Corporation has recently delivered eight of its PPC128-2 air box pulse bag dust collectors to the Tieling Cement Company owned by the Northern Heavy Industries Group. The units form part of a contract awarded to the China-based energy saving services and solutions provider by Tieling Cement in April 2013 to retrofit the dust removal system on the cement producer’s 4000tpd clinker line.??The air box pulse bag dust collectors feature a dust collection efficiency (99.9 per c... |
TCC expects sales increase in China and Taiwan04 September 2013, Published under Cement NewsTaiwan Cement Co (TCC) said it expects shipments to China to increase by double-digits this year due to strong infrastructure demand while domestic shipments are also forecast to advance. Shipments to China are forecast to increase by 10-15 per cent this year from 39.7Mt in 2012 to 45-46Mt this year, the Tapei Times reported Taiwan Cement’s senior vice president Edward Huang saying during an investors conference. Closure of obsolete and backward cement capacity in China due to more stringe... |
Tajikistan-China JV plant inaugurated30 August 2013, Published under Cement NewsA new Tajikistan-China joint cement plant venture was inaugurated yesterday in the presence of Tajikistan president Emomali Rakhmon, taking the country a step closer to achieving its aim of self sufficiency in the cement sector. The 1Mta greenfield plant, situated in the Yovon district, has been built by Huaxin Gayur Cement at a cost of US$100m. Huaxin Gayur Cement was established by Huaxin Zhongya Investment (Wuhan), a subsidiary of Huaxin Cement, and Gayur Limited Liability Company. Huaxi... |
China Shanshui Cement 1H hit by lower prices27 August 2013, Published under Cement NewsChina Shanshui Cement recorded a YoY drop in net profit attributable to shareholders in the first six month of 2013, as the group faced pricing pressures in key operating regions. Net profit attributable to equity shareholders for the six months ended 30 June 2013 dropped 52.2 per cent YoY to CNY348m. The basic and diluted earnings per share were CNY12 cents. Revenue was CNY7.07bn, a decrease of 4.2 per cent from a year earlier. Gross profit margin dropped to 22.7 per cent from 24.9 per ce... |
Prosperity Minerals completes sale of TCC Liaoning Cement, China27 August 2013, Published under Cement NewsProsperity Minerals has completed the sale of its 16.11 per cent stake in China-based TCC Liaoning Cement to TCC International Holdings. All the necessary approvals were obtained and the disposal was completed on 22 August 2013, Prosperity said. As per the agreement, around US$18.7m, or 80 per cent of the total consideration, has been paid to Prosperity and around US$3.5m will be paid to the company within five working days following completion. The balance will be retained by TCC I... |