Displaying items by tag: China National Building Material
Sinoma International Engineering to build Euro218m clinker line for Holcim Belgique
08 December 2023Belgium: China National Building Material subsidiary Sinoma International Engineering won a contract to build a new clinker line for Holcim Belgique on 8 December 2023. Yicai Global News has reported that Sinoma International Engineering will design the line, supply its mechanical and electrical equipment, procure steel structures and provide technical services under a contract worth Euro218m. The supplier expects to commission the line within 38 months of commencement of the project.
Holcim Belgique operates the 1.7Mt/yr Obourg cement plant in Mons. The plant is upgrading to net zero CO2 cement production under the GO4ZERO project, as part of which Holcim Belgique previously announced plans to install a new kiln in the place of the plant’s existing ones.
China: China National Building Material (CNBM) plans to rearrange shareholding in Sinoma Cement between its subsidiaries. On 4 December 2023, fellow CNBM subsidiary Sinoma International Engineering agreed to buy US$174m-worth of shares in Sinoma Cement. Upon completion of this, Sinoma International Engineering and New Tianshan Cement will together buy US$975m-worth of shares. Following these subscriptions, Sinoma Cement’s share capital will rise by 67%, to US$436m. New Tianshan Cement’s total stake in the company will be 60%.
The group’s first-half 2023 interim report recorded Sinoma Cement as a 100% subsidiary of New Tianshan Cement.
Cahya Mata Sarawak to expand Kuching cement plant
21 November 2023Malaysia: Cahya Mata Sarawak has appointed China-based Sinoma Industry Engineering to provide technical consultancy services for an expansion and upgrade at its Kuching cement plant. Bernama Daily Malaysian News has reported that Sinoma Industry Engineering will help the producer to upgrade the plant’s 1Mt/yr Line 1 and build its planned 1.9Mt/yr Line 2.
Gansu Qilianshan Cement to issue shares
31 October 2023China: China National Building Material (CNBM) says that its subsidiary Gansu Qilianshan Cement has issued shares. Reuters has reported that CNBM stated the reason for the issuance is ‘asset acquisition’ as part of the group’s on-going restructuring.
Xinjiang Tianshan Cement’s sales drop in third quarter of 2023
26 October 2023China: Xinjiang Tianshan Cement, a subsidiary of China National Building Material (CNBM), recorded sales of US$3.68bn during the third quarter of 2023. This corresponds to a 19% year-on-year rise compared to third-quarter 2022 levels. Reuters has reported that Xinjiang Tianshan Cement’s net loss was US$12.4m, while in the corresponding quarter of 2022 it recorded a profit of US$78.3m.
China: China National Building Material (CNBM) has warned of an anticipated year-on-year decline in its profit during the first nine months of 2023. Reuters has reported that the group forecast a drop of 70% from nine-month 2022 levels. Declining cement prices contributed to the anticipated drop.
Gansu Qilianshan Cement’s profit falls in first half of 2023
22 August 2023China: Gansu Qilianshan Cement followed the general downward trend in Chinese cement producers’ results in the first half of 2023. Reuters has reported that the company recorded a net profit of US$32.6m, down by 53% year-on-year from first half of 2022.
China: China National Building Material expects its net profit to drop by 80% year-on-year during the first half of 2023. AAStocks Financial News has reported that the group partly attributed the anticipated drop to a fall in its cement prices, as well as its commercial concrete prices.
Kyrgyzstan: Kant Cement has successfully transitioned Grinding Unit 8 of its Kant cement plant to closed cycle grinding operations. Business World News has reported that China-based CNBM Beijing Triumph carried out the work. The transition has increased the unit's production capacity by 30 - 40%.
Kant Cement's general director Pavel Dekhtyarev said "The mill previously produced 40t/hr of CEM II cement and 30t/hr of CEM I cement. Now it produces 58t/hr and 50t/hr, respectively. With this productivity, it was possible to reduce the specific energy consumption by 30% and reduce dust emissions. In addition, closed circuit grinding allows us to produce high grades of cement that could not be obtained with open circuit grinding systems."
Ethiopia: Derba MIDROC Cement is reportedly ready to sign a contract with China National Building Material (CNBM), for the latter to commence construction of Derba MIDROC Cement's 2.74Mt/yr Mughar Valley cement plant in Oromia. The producer said that it expects to invest US$500m in the project, 30% higher than its previous estimate of US$385m. Addis Fortune has reported that Derba MIDROC Cement now believes there to be adequate energy infrastructure to support the plant, following China-based Sinohydro's construction of a new US$12m power line from nearby Chanco.
When commissioned, the plant will double Derba MIDROC Cement's capacity and create 3000 new jobs in Oromia. The producer also hopes to ease the ongoing national cement shortage. The Ministry of Mines recorded domestic production of 7.6Mt in 2022, against demand of 36Mt.