Cement News tagged under: North Asia
Anhui Conch reports drop in profit in 202128 March 2022, Published under Cement NewsChina-based Anhui Conch saw its profit slip to CNY33.3bn (US$5.2bn) in 2021 when compared with CNY35.19bn in the previous year, according to Dow Jones Newswires. The company’s revenue in 2021 declined to CNY167.95bn, down from CNY176.29bn in 2020, as market demand softened. Anhui Conch said it expects to continue to face low market demand this year, as well as high raw material and energy costs. |
China Tianrui Group Cement posts 2021 profit of CNY1.2bn24 March 2022, Published under Cement NewsChina Tianrui Group Cement Co Ltd has reported a profit attributable of CNY1.2bn (US$188.4m) in 2021 when compared with CNY1.86bn in 2020. The company’s revenues increased to CNY12.72bn in 2021, up from CNY12.17bn in 2020, according to Reuters. |
Sunchon raises output14 March 2022, Published under Cement NewsThe Sunchon Cement Complex in North Korea has increased cement output to serve rural construction, according to Korean News. The cement plant is reported to produced tens of thousands tonnes of cement in a short period. The production at the steel foundry and the refractory materials plant was increased to provide the cement complex with sufficient materials and parts to overhaul the factory’s equipment. |
Taiwan Cement posts 31% rise in February revenue14 March 2022, Published under Cement NewsTaiwan Cement Corp reported a revenue of TWD5456m (US$192.1m), up 30.7 per cent YoY when compared with TWD4173m in February 2021. For the 2M22 the company’s revenue increased 5.8 per cent to TWD12,974m from TWD12,258m. |
Chia Hsin Cement reports 14% drop in 2M22 revenue14 March 2022, Published under Cement NewsTaiwan-based Chia Hsin Cement posted a 7.6 per cent fall in revenues in February 2022, declining from TWD145m (US$5.1m) in February 2021 to TWD134m. In the first two months of 2022, the company’s revenue fell by 14.2 per cent to TWD292.1m from TWD340.6m in the 2M21. |
Taiwan Cement and Asia Cement report fall in January revenues24 February 2022, Published under Cement NewsIn January 2022 Taiwan Cement Corp reported revenues of TWD7517.896m (US$269.6m), down by seven per cent from TWD8084.465m in January 2021. Asia Cement Corp ’s revenues slipped 0.2 per cent to TWD7420.726m in January 2022 from TWD7436.331m in the equivalent period of the previous year. |
Schneider Electric and Nanjing Kisen sign strategic partnership agreement08 February 2022, Published under Cement NewsSchneider Electric has signed a long-term cooperation agreement with Nanjing Kisen (CNBM) to progress the operational efficiency of intelligent cement plants through innovative digital modernisation in alignment with UN Sustainability Goals, The strategic partnership agreement will accelerate the digital transformation of cement plants and enterprises in China, and beyond, leveraging their shared strengths in advanced digital technologies for energy and resource efficiency. U... |
Dr Sibo 'Steven' Yan appointed as general manager of KHD Beijing25 January 2022, Published under Cement NewsDr Sibo 'Steven' Yan has been appointed as general manager of KHD's Chinese unit KHD Humboldt Wedag Machinery Equipment (Beijing) Co Ltd. Dr Yan holds a PhD from Beijing University of Technology and brings along an impressive background of experience and knowledge in industrial cement plant construction. During his term as Vice President at Humboldt Wedag Inc he has contributed largely to winning and successfully executing the Mitchell project in the USA. The Chinese market is expected... |
South Korea's cement producers plan 18% price rise05 January 2022, Published under Cement NewsMajor cement manufacturers in South Korea will be implementing a further rise in wholesale prices as the construction industry in the Asian country gathers pace, according to Maeil Business Newspaper. This follows a 5.1 per cent price rise from KRW75,000 (US$62.63)/t in July 2021, the second rise in a year following a price freeze since 2014. Ssangyong C&E has decided to lift the price of its first-class bulk cement to KRW93,000/t from February, representing an 18 per cent hike when compare... |
New cement plant for Yuzhnaya on Sakhalin21 December 2021, Published under Cement NewsThe Sakhalin Oblast Development Corp is planning the construction of a cement plant in Smirnykhovsky District in the Yuzhnaya priority development area (PDA) and has agreed to the financial and economic justification, according to Esmerk Russian News. The volume of private investment in the plant is estimated at RUB8bn (US$112.2m). The name of the investor has not been disclosed but they expect to receive the status of resident of the PDA. The plant is expected to be commissioned by 2025... |