Cement News tagged under: China
China cement and clinker exports rise 31.5%05 June 2013, Published under Cement NewsChina has reported a 31.5 per cent YoY increase in cement and clinker export volumes for the first four months of 2013, according to the Ministry of Industry and Information Technology. The value of exports was US$230m, a rise of 21.1 per cent on the year before. Last year, total Chinese exports increased to 11.5Mt (6.2Mt of cement, 5.3Mt of clinker) and this year total exports are expected to rise to 12Mt. |
Xinjiang Tianshan Cement Co to issue CNY500m notes31 May 2013, Published under Cement NewsXinjiang Tianshan Cement Co, based in China's Xinjiang Uygur Autonomous Region said on Thursday that it would float CNY500m (US$4m) in unsecured notes with a maturity of three years on June 6, 2013. According to the company, it would use CNY250m of the proceeds to boost working capital and the remaining CNY250m to repay bank loans. By the end of September 2012, the company's undue bank loans stood at CNY1.442bn. Xinjiang Tianshan Cement said that the notes will be issued at face value, a... |
China to tighten NOx limits for cement industry27 May 2013, Published under Cement NewsChina's Minister of Environmental Protection is expected to issue a new tougher national standard on NOx emissions following public calls to reduce both emissions and excess production capacity, the China Securities Journal has reported. The drafted new standard is expected to be issued on 1 July 2013 an will sharply cut NOX limits to below 450mg/m3 of cement produced from an average of 880mg currently. For newly-built cement factories, the limit is expected to be capped at 320mg. T... |
Najran Cement awards new line to Chinese contractor, Saudi Arabia15 May 2013, Published under Cement NewsSaudi cement producer Najran Cement has awarded a contract for the installation and maintenance of a third production line to Chinese firm CEIC. The new production line will have a capacity of 7000tpd and is expected to begin trial operations in 3Q13, the company said in a bourse filing. Najran Cement operates a cement plant situated in Sultana which has two clinker lines of 6000tpd and 3000tpd each. |
Siam Cement appoints Chinese contractor for new Indonesian plant10 May 2013, Published under Cement NewsSiam Cement Group (SCG) of Thailand has signed an agreement with China-based Anhui Conch Design & Research Institute for the construction of a greenfield plant in West Java, Indonesia. The Chinese company, a subsidiary of the Anhui Conch Group, will supply machinery and equipment and provide engineering and construction services for the 1.8Mta plant to be constructed in Sukabumi. The new cement works will be run by Siam Cement’s wholly-owned subsidiary PT Semen Jawa. With an investment to... |
China first-quarter 2013 exports rise10 May 2013, Published under Cement NewsChina exported 2.85Mt of cement and cement clinker worth of US$160m in the first quarter of 2013, a YoY increase of 30.6 per cent and 20.8 per cent respectively, according to data released by the Ministry of Industry and Information Technology. Full year exports last year were expected to have reached 11.5Mt last year, up 8.5 per cent on the 10.6Mt in 2011. |
Barclays lowers China's 2013 pricing forecasts02 May 2013, Published under Cement NewsBarclays has reduced its forecasts for cement prices in China this year to +2 per cent from the previous +5 per cent, according to reports by Dow Jones. It has therefore cut its 2013 earnings per share estimates for cement companies by 1-20 per cent to reflect the lower price realisations, which will be partly offset by lower coal prices and higher sales volumes estimates. Barclays says that its positive view on the improving supply/demand situation in 2013 is unchanged and the near-term po... |
BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China30 April 2013, Published under Cement NewsBBMG Corporation has entered into an agreement to acquire a 66.67 per cent stake in Hebei Taihang Xuaxin Building Materials Co from BBMG Group Company Ltd. The transaction is valued at CNY131.88m (US$21.15m) in cash and will be paid by BBMG to BBMG Group Company within 15 days after the date of the equity transfer agreement. |
South Cement to issue CNY1.5bn bills, China29 April 2013, Published under Cement NewsSouth Cement has said it plans to issue CNY1.5bn (US$243m) in short-term bills with a maturity of 365 days in the interbank market on 2 May 2013 to repay bank loans and replenish the company's working capital. The bills will be issued at face value and the coupon rate determined in the process of book building, the company said in a statement. Both value and payment due date is set on 3 May 2013 and the to-be-issued bills tradable 6 May 2013. Shanghai Brilliance Credit Rating & Investo... |
China’s cement sector seeks to accelerate sustainability initiatives25 April 2013, Published under Cement NewsThe 2013 China International Cement Conference got underway at the Hotel Nikko New Century in Beijing today, welcoming over 300 senior delegates from the country’s large cement sector. Opening the meeting, Mr Qiao Longde, President of the China Cement Association, highlighted some of the successes of the China cement industry, which in recent year has made dramatic strides in adopting more efficient production processes while eliminating backward production capacity. “High-quality dry ... |