Cement News tagged under: North Asia
Tangshan Jidong Cement reports fall in net profit10 July 2020, Published under Cement NewsChina’s Tangshan Jidong Cement has reported its results for the first half of 2020. The company saw its net profit fall around 30.3-34.3 per cent YoY to CNY0.98-1.04bn (US$139.82-148.38m) in the 1H20. In the first half of last year, the company announced a net profit of CNY1.49bn. |
Henan to hike water and electricity fees09 July 2020, Published under Cement NewsThe Chinese province of Henan will increase water and electricity tariffs for cement and steel producers that have failed to meet ultra-low emissions standards, said the provincial environmental regulator. Henan is home to six of the country’s 20 most-polluted cities, reports Reuters. To address the emissions, companies that do not meet emissions treatment or clean transportation requirements will have to pay an additional CNY0.05-0.1/m 3 (US¢0.7-1.4/m 3 ) for water and an extra CNY0.01-0... |
Lucky Cement sees 33% rise in June revenue09 July 2020, Published under Cement NewsTaiwan’s Lucky Cement has posted a 32.6 per cent rise in revenue to TWD360.6m (US$12.25m) for June 2020, compared to TWD272m in the year-ago period. In the first six months of the year, revenue advanced 28.3 per cent YoY to TWD2.23bn from TWD1.74bn. |
JSW Group reportedly set to reduce imports from China02 July 2020, Published under Cement NewsParth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$400m from China annually and we pledge to bring this down to zero in the next 24 months," said Mr Jindal. In the comment, Mr Jindal referred to the clash on the border of both countries, which took place earlier in June. JSW Cement currently imports clinker from China to supply its grinding operations. |
China's cement production rises 9% YoY in May19 June 2020, Published under Cement NewsCement production increased to 248.69Mt in May 2020, up 11.3 per cent from April and 8.6 per cent from the corresponding period last year, according to the South China Morning Post. The recovery has been attributed to resumed and stronger construction activity, following the lifting of the restrictions put in place by the government control the spread of the coronavirus outbreak earlier this year. However, going forward cement production is expected to peak in June due to the summer ra... |
South Korean producers sign agreeement to reduce NOx emissions11 June 2020, Published under Cement NewsSouth Korea’s nine cement producers have agreed to work with the Ministry of Environment to lower NO x emissions, according to The Korea Times. Representatives of companies including Sungshin Cement and Hanil Cement, alongside officials from the ministry and the National Institute of Environmental Research, gathered at Ssangyong Cement's factory in Donghae, Gangwon Province, to sign the partnership. Cement production generates the second-highest amount of NO x emissions in the country, ... |
Taiwan's cement producers see mixed results in May10 June 2020, Published under Cement NewsTaiwan Cement Corp has reported a 5.7 per cent YoY fall in revenue to TWD10.29bn (US$347.6m) for May 2020, compared with TWD10.9bn in the same month last year. In the first five months of the year, revenue declined 9.3 per cent to TWD42.48bn from TWD46.86bn. Elsewhere, Universal Cement Corp saw its revenue for the month down 4.3 per cent to TWD403.1m from TWD421.3m in May 2019. However, in the 5M20 revenue advanced 5.5 per cent YoY to TWD2.14bn. In May 2020, Lucky Cement’s revenue increas... |
Hsing Ta Cement sees 12% fall in revenue for May10 June 2020, Published under Cement NewsTaiwan’s Hsing Ta Cement saw an 11.7 per cent drop in revenue to TWD706.9m (US$23.77m) for May 2020, compared to TWD800.4m in the same month last year. In the first five months of the year, revenue declined 9.2 per cent YoY to TWD2.64bn from TWD2.91bn in the year-ago period. |
China's cement output recovers lost ground04 June 2020, Published under Cement NewsCement production in China fell 14.4 per cent YoY to 520.949Mt in the first four months of 2020. However, monthly output has rebounded strongly from its decline in February and March, with production in April reaching 223.469Mt, up 3.8 per cent YoY. Demand in the 1H20 is expected to decline 6-8 per cent, based on a survey carried out in April by International Cement Review assessing the global impact of the COVID-19 pandemic. Following government measures to unlock the economy in March... |
Xinjiang Tianshan Cement set to issue bonds28 May 2020, Published under Cement NewsThe board of China's Xinjiang Tianshan Cement has reviewed and approved a proposal to apply to the China Interbank Market Dealers’ Association for the registration of ultra-short-term financing bonds, with a total size of no more than CNY1bn (US$139.75m). The plans have been put in place to reduce financing costs, expand financing channels and meet the company's development needs for capital, according to an announcement. |