Displaying items by tag: China
Italy: Cementir Holding raised its sales by 0.5% year-on-year during the first nine months of 2023, to Euro1.3bn. It sold 7.93Mt of cement, down by 3.1% year-on-year from 8.19Mt in the corresponding period of 2022. Cementir Holding attributed the decline to reduced demand, primarily in Belgium, Denmark, Egypt, Malaysia and the US. This offset an increase in consumption in China and Türkiye. The group’s operating costs dropped by 6.6% to 1.01bn, while its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 33% to Euro321m.
Tojikcement opens new plant in Dushanbe
08 November 2023Tajikistan: President Emomali Rahmon has officially opened Tojikcement’s new plant in the Ismoili Somoni district of Dushanbe. The 1.2Mt/yr cement plant will replace the company’s existing production site in the city which is due to be closed. Products manufactured at the new unit will include cement of sulfate 500 and 400 brands. Construction work on the new plant started in 2019 and China-based Jiangsu Pengfei and Linsen was the main contractors.
Anhui Conch Cement to buy back up to US$82.5m-worth of shares
06 November 2023China: Anhui Conch Cement plans to conduct a share buyback to repurchase up to US$82.5m-worth of its shares. Dow Jones Institutional News has reported that the group will finance the buyback using its internal funds.
Wei Rushan appointed president of the World Cement Association
01 November 2023UK: The World Cement Association (WCA) has appointed Wei Rushan as its president. He succeeds founding president Song Zhiping in the post.
Wei has been the president and executive director of CNBM since late 2022, having had a range of senior roles within CNBM Group over the last 15 years. He obtained a doctoral degree in political economy from the School of Economics of Renmin University of China in 2007. Wei also serves as president of China Building Materials Engineering Construction Association.
Algeria: Holcim Algeria successfully commissioned a new 18,000t/day clinker loader at the Port of Djendjen in late October 2023. The cost of the equipment was Euro3m. APS News has reported that port authorities have ordered two further such machines from China.
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.
Tangshan Jidong Cement’s sales fall in first nine months of 2023
30 October 2023China: Tangshan Jidong Cement recorded US$3.05bn in sales during the first nine months of 2023, down by 18% year-on-year from US$3.74bn during the first nine months of 2022. Its nine-month net loss was US$44m, against a profit of US$223m one year previously.
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 Shanshui Cement recorded sales of US$1.92bn during the first nine months of 2023, down by 15% year-on-year from US$2.25bn during the first nine months of 2022. Reuters has reported that the company made a US$25.7m loss during the period, compared to a profit of US$139m in the corresponding period of 2022.
Domicem lights up new kiln at Palenque cement plant
25 October 2023Dominican Republic: Domicem held a ceremony marking the lighting up of the kiln on the new second production line at its Sabana Grande de Palenque cement plant in San Cristóbal province in mid-October 2023. Company engineers, staff from China-based CBMI Construction and representatives from parent company Colacem were present for the event. The cement company signed a contract with China-based Sinoma Construction for a 3500t/day clinker production line in 2021. The project had a reported investment of US$120m. The official inauguration of the new line is scheduled to take place on 22 November 2023 and the President of the Dominican Republic is expected to attend.