Displaying items by tag: China Resources Cement

China: China Resources Cement has started operation at its 6000t/day cement plant in Lianjiang, Guangdong. The integrated cement plant is aimed at markets in the west of Guangdong and the southeast of Guangxi. The company has completed the construction of all of its planned production lines in Guangdong. Its total clinker and cement production capacities in Guangdong are 14.4Mt/yr and 22.5Mt/yr respectively.

China: China Resources Cement (Fengkai), a subsidiary of the China Resources Cement, has started operation of its sixth 5000t/day clinker production line at its cement plant in Fengkai County, Guangdong Province. The site has a total clinker production capacity of 9.3Mt/yr and a cement production capacity of 8Mt/yr. the plant mainly serves the Pearl River Delta area of Guangdong Province.

China: Anhui Conch and China Resources Cement have entered into a strategic co-operation agreement. According to the agreement Anhui Conch shall assist the China Resources Cement in the construction and the upgrade of its cement plants. Both parties intend to build a knowledge transfer system to allow their experience in production, technology and business management to be shared. They also have agreed to jointly promote the sustainable and healthy development of the cement industry in China and explore the possibilities of co-operation in China and overseas.

China: China Resources Cement’s revenue has fallen by 24% year-on-year to US$609m in the first quarter of 2016 from US$800m in the same period in 2015. Its gross profit fell by 39% to US$126m from US$207m. However, its profit attributable to the owners of the company fell by 99% to US$0.85m from US$85.1m. It blamed the drop in gross profit on lower selling prices in the quarter compared to 2015.

The cement producer reported that its sales volumes of cement grew by 6% to 15.8Mt in the quarter. Rises in sales volumes were reported in Guangxi, Yunnan and Guizhou.

China: China Resources Cement has issued a profit warning for the first quarter of 2016. It expects its profit for the three-month period to drop ‘significantly’ year-on-year due to lower prices of cement and clinker in China. The Chinese cement producer reported a profit of US$85.1m for the first quarter of 2015.