Displaying items by tag: China
China: Sinoma International Engineering has signed a deal worth US$300m to build a new integrated cement plant for Guangxi Jinxiang Cement. The contract includes two 6000t/day clinker production lines, from raw material crushing to packaging, and a 6Mt/yr aggregate line. The project is located in Dashan Village near Shilong Town, Xiangzhou County in Guangxi region. It is expected to be completed by mid-2022.
North Korea: The North Korea government says that it will supply 10,000t/yr of cement to every city and county in the country. The new target will help to fulfil the aims of the January 2021 Five Year Plan, under which the state aims to build 10,000 apartments/year in Pyongyang and 5000 apartments/year in Komdok. The 38 North project has reported that in order to realise this vision, it plans to establish 8.0Mt/yr of new capacity via upgrades and new projects by January 2026.
In March 2021 a North Korean delegation visited a Chinese cement plant to learn about modern cement production.
YTL Corporation sells Dama Cement
06 May 2021China: Malaysia-based YTL Corporation has has sold its 100% stake in Zhejiang Hangzhou Dama Cement. The company acquired the producer in 2007. It operates a cement plant located in the Lin’an district of Zhejiang Province. Executive chair Francis Yeoh said that it chose the time to sell based on the high current valuation of the subsidiary.
Managing director Datuk Seri Michael Yeoh Sock Siong said that the disposal was aligned with the group’s focus on becoming a regional cement industry leader in Southeast Asia. He said "Dama was our first substantial foray into China’s cement industry. The vital insight and knowledge that we have gained will be used in our plans to expand our operations within Southeast Asia."
Laos: Workers at the Guestown-Lao cement plant have been paid back wages in a dispute. All 170 employees owed money by the Guestown-Lao company plant in Luang Prabang province’s Nam Bak district have now received US$42,000 from the plant’s new owner, according to Radio Free Asia. Some of the former employees of the plant have also returned to work under the new management.
Provincial authorities detained the Chinese owner of the Guestown-Lao plant in April 2021, accused him of failing to pay wages to his Lao workers in November 2020 and subsequently filed criminal charges against him. He is now awaiting trial on the charges. The company has since been taken over by China-based Jian Qe.
Gao Dengbang resigns as chairman of Anhui Conch
28 April 2021China: Gao Dengbang has resigned as the chairman and an executive director of Anhui Conch. The company has proposed appointing Wang Cheng as an executive director subject to shareholder approval at the next annual general meeting.
Wang, aged 55 years, holds a postgraduate degree in economic management from the Central Party School. In March 2021 he joined Conch Holdings. He is currently the party secretary and chairman of Conch Holdings.
He started his career in 1983. Since 2003, he has held key senior positions in a number of provincial cities including deputy mayor and a member of the standing committee of the municipal committee of Huainan city, deputy secretary of the municipal committee and mayor of the municipal government of Bengbu city. Wang is currently a representative of the 13th National People’s Congress.
China: Anhui Conch’s consolidated net profit rose by 20% year-on-year in the first quarter of 2020 to US$917m from US$763m. Its total operating income rose by 48% to US$5.31bn from US$3.58bn. The group attributed the rise in operating income to the negative effects of the coronavirus pandemic in 2020.
China: China Shanshui Cement recorded a consolidated net loss of US$38.7m, down by 34% year-on-year from US$59.0m. ET Net News has reported that its operating sales increased by 70% to US$481m.
China: China Resources Cement’s turnover grew by 51% year-on-year to US$1.1bn in the first quarter of 2021 from US$720m in the same period in 2020. Its profit rose by 16% to US$166m from US$143m. Sales volumes of cement increased by 65% to 18.4Mt and concrete by 80% to 2.87Mm3.
China: Tangshan Jidong Cement net loss fell by 82% year-on-year to US$7.93m in the first quarter of 2021, down by 82% year-on-year from US$43.3m in the first quarter of 2020. Its operating income rose by 64% to US$785m from US$478m.
FLSmidth to supply control systems for three production lines at Kirène cement plant in Senegal
15 April 2021Senegal: China-based Sinoma Group subsidiary CBMI Construction has awarded a contract to Denmark-based FLSmidth for the supply of three control systems for one new and two existing lines at the Kirène cement plant in Thiès region. The lines will share a digital infrastructure built on the FLSmidth ECS/ControlCenter platform with ECS/PlantDataManagement software. Additionally, the supplier will equip the new Line 3 with its ECS/CemScanner and QCX/BlendExpert. It said that the setup will use 12,000 data points on Line 3 alone.
Group digital general manager Jens Adler said, “With more than 1500 active product and process control installations in the cement industry, this order reaffirms our strong digital expertise.” He added “Digitalisation is transforming how many in the cement industry respond to increasing demands for emission reductions and efficiency. This is reflected in the emphasis on digital solutions as part of our MissionZero ambition to offer cement producers zero emission cement production by 2030.”