Displaying items by tag: China

China: German cement industry supplier Loesche GmbH has signed a contract to provide five mills to Shanxi Biological Cement Co. in China. The Shanghai division of Loesche has taken an order for two raw material mills and three clinker mills with complete mill key parts, housings and frames. The components are scheduled for delivery in 2013 with commissioning planned for mid-2013.

Shanxi Biological Cement is the daughter company of Shanxi Coal and Chemical Industry Group Co. It has merged two local cement companies with just under 1Mt/yr cement production capacity. It is building two 4500t/day clinker production lines in FuPing and a 1.8Mt/yr ground granulated blast furnace slag (GGBFS) production line in Gaoling. Another 1Mt/yr clinker grinding station plant in HuangLing is being planned. Following all of this production, Shanxi Biological Cement Co intends to become the top cement producer in Western China with a capacity of 10Mt/yr.

China: Cement output in China increased by 7.4% year-on-year in 2012 to 2.18Bt, according to data released by the Ministry of Industry and Information Technology. Clinker output rose by 1% to 1.28Bt. Obsolete cement production capacity of 220Mt/yr was eliminated.

In other news the China Building Material Federation has released production information for regions in north-western China. Xinjiang Uyghur Autonomous Region produced 41Mt of cement in 2012, a year-on-year increase of 32.8%. Ningxia Hui Autonomous Region saw cement output increase by 10% to 16.1Mt. Shaanxi Province saw cement output increase by 16.3% to 76Mt. Gansu Province saw cement output increase by 32% to 36.7Mt.

China: China National Building Material Group (CNBM) has reported that its operations revenue in 2012 grew by 14% year-on-year to US$35.5bn. The Chinese state-owned building materials manufacturer saw its profit reach US$1.81bn, while its net profit for the year hit US$1.38bn. As the end of 2012, CMBM had US$46bn in total assets, 38% more than at the end of 2011.

Production in 2012: China built 124 new dry-process cement production lines and added 160Mt of cement clinker production capacity in 2012, according to the China Cement association. China had 1637 dry-process cement production lines with a production capacity of 1.6Bnt/yr of clinker by the end of 2012.

Sichuan Province in south-western China has seen its cement output climb by 2.02% year-on-year to 130Mt in 2012, according to the local Statistics Bureau. In 2012, Sichuan's cement industry recorded US$7.68bn in total output value, a year-on-year increase of 1.87%. Meanwhile, the industry's profit rose by 0.81% year-on-year to US$0.44bn.

North China's Hebei Province's cement output reached 128.1Mt in 2012. The province's building materials industry recorded US$1.7bn in profit in 2012, a year-on-year decrease of 21.8%.

East China's Jiangxi Province saw its cement output increase by 10.2% to 76.4Mt in 2012, according to the local branch of the Ministry of Industry and Information Technology.

Sinoma: Sinoma International Engineering has announced that the company plans to invest US$25.2m to set up a subsidiary in Hong Kong. The Hong Kong unit will acquire a 68% stake in the India-based cement firm, LNV Technology. Sinoma International said that the acquisition will increase its competitiveness in India's cement engineering market.

Separately, Sinoma estimated that the company's net profit for 2012 will decrease by 50% year-on-year in 2012, compared with a profit of US$247m in 2011.

Company news: Shanghai-listed cement and clinker producer, Xishui Strong Year Co Ltd Inner Mongolia, has estimated that the company's net profit will surge by 590% on-year in 2012, compared with a profit of US$1.51m in 2011.

Fujian Cement Inc expects to earn US$4.17m to US$4.98m in net profit in 2012, a year-on-year decrease of 79.2% to 75.27%.

Henan Tongli Cement Co Ltd, a Shenzhen-listed cement producer, has estimated that its net profit for 2012 will be between US$23.9m and US$28.6m, a year-on-year decrease of 26.1% to 38.1%. Tongli Cement earned US$38.7m in net profit in 2011.

Kyrgyzstan: During the visit of Kyrgyz Deputy Prime Minister for Economy and Investment Tayirbek Sarpashev's to China, an agreement has been reached with Chinese investors to build a cement plant in Kemin.

The plant's capacity will be 1.8Mt/yr or 2500t/day. The construction period of the plant should take from one year to 18 months. Investments are expected of more than US$50m. It is planned that construction will begin in April 2012.

"It covers our volume and will lead to lower prices in the market and will substantially reduce the cost of construction in the north of Kyrgyzstan," said Sarpashev.

China: Huaxin Cement, a Shanghai-listed cement manufacturer, has plans to acquire a 70% stake in two separate cement companies located in Hubei Province at a combined price of US$83m, according to sources reported by China Business Newswire. Huaxin Cement said that the acquisition will increase its competitiveness in the local cement market.

China: China's 12 ministries, including the Ministry of Industry and Information Technology, released a joint restructure plan on 22 January 2013 to promote efficiency in the cement industry.

Under the plan, China's top 10 cement manufacturing enterprises will account for 35% of industrial concentration by 2015. The plan calls for three to four leading cement clinker producers to have a capacity of 100Mt/yr by 2015.

In addition, China will encourage cross-regional and cross-ownership mergers and acquisitions among its major cement manufacturers.

China: Jiangxi Wannianqing Cement, a Shenzhen-listed producer of cement and clinker, has estimated that the company's net profit has decreased by 60-70% year-on-year in 2012 compared to a net profit of US$81.4m in 2011. The company made the announcement in a performance forecast that was released on 14 January 2012.

China: According to data released by the Beijing Municipal Environmental Protection Bureau on 13 January 2013 one cement production line was suspended at the Beijing Cement Plant due to air pollution in Beijing. The move followed measurements of particulate matter smaller than 2.5μm (PM_2.5) over 900µg/m³ in several districts of the city on 12 January 2013, the highest level recorded since Beijing began publishing the data in early 2012. The World Health Organization considers the safe daily level to be 25µg/m³.

According to data released by the Bureau on 13 January 2013 in addition to the Beijing Cement Plant closure, 54 businesses in Beijing had cut their emissions by 30%, 28 construction sites had stopped foundation work and Beijing Hyundai Motor Co temporarily halted production. The smog also caused the cancellation of at least 25 international and domestic flights to and from Beijing Capital International Airport. Hospitals in Beijing and in the provinces of Hebei and Hubei have reported a rise in the number of patients with respiratory conditions during the period according to local media.

China: TCC International Holdings has reported that it has signed an agreement with Southwestern Cement, a subsidiary of China National Building Material Group Corp (CNBM), to 'increase cooperation on several businesses'.

According to agreement, TCC will buy cement assets in Sichuan Province from Southwestern Cement for US$8.52m to expand its share of the local market, while TCC will sell its cement assets in Guizhou Province to Southwestern Cement for US$17.8m. TCC will earn US$137m in profit from the deal and will use the profit to replenish working capital and fund future acquisition projects.