Cement News tagged under: North Asia
Semen Indonesia International clinker exports to Taiwan up 80%21 August 2024, Published under Cement NewsPT Semen Indonesia International (SII) reported a significant increase in clinker exports to Taiwan in the first half of 2024. Clinker exports to Taiwan reached 0.564Mt, up 80 per cent YoY from 0.314Mt in the 1H23. The increase reflects the growing demand from Taiwan’s construction industry, which is increasingly reliant on Indonesian clinker. SII's President Director, Ridwansyah, stated that the rise in export volume to Taiwan is the result of hard work and collaboration among SIG, PT ... |
China steps up drive for alternative fuels20 August 2024, Published under Cement NewsChina’s cement industry is in line to receive a new raft of legislation designed to encourage the drive away from fossil fuels to alternative fuels. This month the government raised its renewable energy targets through the 2024 Renewable Consumption Quota Obligations. Compared to last year’s draft targets, most provinces saw their renewables quota increase by an average of 2.3 percentage points. Notably, Sichuan, Qinghai and Yunnan provinces have already achieved a 70 per cent Renew... |
Southeast Cement sees 2Q net profit down 11%14 August 2024, Published under Cement NewsTaiwan-based Southeast Cement Corp has posted a revenue of TWD604.62m in the second quarter of 2024, ended 30 June. This represents a 1.7 per cent decrease from TWD615.383m in the 2Q23, according to the Taiwan Stock Exchange. However, pretax profit was up 3.7 per cent to TWD82.59m in the 2Q24 from TWD79.67m in the 2Q23. Net profit declined by 11.4 per cent YoY to TWD59.306m from TWD66.944m. Earnings per share slipped from TWD0.12 to TWD0.10. |
Sumitomo Osaka Cement posts 1QFY24-25 results09 August 2024, Published under Cement NewsSumitomo Osaka Cement has shared consolidated financial results for the first quarter of the FY24-25. The company reported a revenue of JPY53.23bn (US$354.8m) for the quarter ended 30 June 2024, representing a 0.9 per cent increase from the JPY52.77bn reported in the same period a year previous. Although sales volume of cement was down compared to the 1QFY23-24, the company has raised domestic sale prices in a response to rising costs. Operating profit surged from JPY127m in ... |
Taiheiyo Cement's 1Q net profit jumps to JPY13.53bn08 August 2024, Published under Cement NewsJapan-based Taiheiyo Cement Corp reported a 7.9 per cent increase in revenues to JPY208.85bn (US$1.43bn) in the quarter ending 30 June (1QFY24-25) from JPY193.54bn in the year-ago period. The company's operating profit improved 5.9-fold to JPY11.05bn in the 1QFY24-25 from JPY1.86bn in the 1QFY23-24. Pretax profit increased four-fold YoY to JPY11.76bn from JPY2.98bn in the equivalent period of the previous year. Net profit surged from JPY366m in the 1QFY23-24 to JPY13.53bn in the 1QFY24-... |
PPC signs agreement with Sinoma24 July 2024, Published under Cement NewsPPC has signed an agreement with Sinoma Overseas Development Corporation to transform PPC’s operations in South Africa, Zimbabwe and Botswana. According to Engineering News, the agreement includes improving efficiency, modernising technology, lowering production costs, increasing the use of non-fossil fuels and expanding production capacity. Commenting on the agreement, Matias Cardarelli, CEO at PPC, said, “In the current highly competitive environment, we must operate our industrial o... |
China leads cement revolution in Africa09 July 2024, Published under Cement NewsCement demand in China continues to collapse, and profits are pitiful, leading to some Chinese cement companies accelerating an already aggressive drive into Africa. By Tony Hadley African Advisory Ltd, Cyprus. China leads the rush into the African cement industry: Huaxin Cement completes Maweni plant in Tanzania (© Embassy of China – Tanzania) S o firstly, to China. Cement demand had fallen from its 2014 peak by ~17 per cent in 2023 (see Figure 1), of no surprise to indu... |
Huaxin Cement wins WCA 2024 innovation award19 June 2024, Published under Cement NewsHuaxin Cement has won the Innovation Award of the World Cement Association 2024 for its Intelligent Low-Carbon Cement Manufacturing Technology (ILCCM). Huaxin is the only cement company with two consecutive WCA Innovation Awards, having previously won it in 2023 for its "Development and Application of Low Carbon and Nitrogen Reduction Ultra Large Scale Cement Production Technology and Equipment,” said the WCA. Under the leadership of CEO Yeqing Li, Huaxin has been recognised as a global... |
Taiwan Cement to operate as TCC Group Holdings27 May 2024, Published under Cement NewsTaiwan Cement Corporation (TCC) held its shareholders' meeting on 21 May 2024 officially announcing the transformation of the 78-year-old company into a group holding company, shifting its English name from Taiwan Cement Corporation to TCC Group Holdings. This marks a significant leap into 11 industries, spreading its presence across 13 international markets. TCC's Chairman, Nelson Chang, highlighted that 60 years ago, TCC operated as a cement-only supplier. TCC has now advanced to becom... |
Sangwon Cement boosts production09 May 2024, Published under Cement NewsThe Sangwon Cement plant in North Korea has successfully completed the cement production task for the construction of regional-industry factories this year. The plant has steadily increased its production. Higher production results are attributable to the efforts of operators of the central control room, who have scientifically analysed the condition of equipment and applied rational operation method accordingly. Officials and workers of the Sangwon Limestone Mine, the Samchong Mine and... |