Displaying items by tag: China

China: Tangshan Jidong Cement has announced plans to issue a tranche of bonds with a total value of not more than US$155m. Reuters News has reported that the issuance is the second by the company.

Dominican Republic: Domicem has signed an engineering, procurement and construction contract with China-based Sinoma Construction for a 3500t/day clinker production line at its Palenque plant. The scope of the project includes a production line, from raw material feeding to the clinker warehouse and the transformation of the cement mill workshop, according to Digital Cement. The Chinese engineering company previously built the first production line at the site. Domicem’s parent company Colacem said in March 2021 that it was preparing to invest US120m towards doubling the production capacity of the Palenque plant.

Pakistan: Askari Cement has awarded a contract to Germany-based Gebr. Pfeiffer for the supply of three of its MVR vertical roller mills to replace the existing mills at its Nizampur cement plant. Two of the mills will be MVR 5000 C-4 cement mills with the capacity to grind 360t/hr of clinker to a fineness of 3250 blaine. The other mill, an MVR 5000 R-4 raw meal mill, will grind 520t/hr of clinker to a fineness of 12% R90µm. The Chinese contractor Hefei Cement Research & Design Institute will install an SLS V high-efficiency classifier on each of the mills. The upgraded plant is scheduled for commissioning in mid-late 2022.

China: Anhui Conch has appointed Li Qunfeng as its general manager. He succeeds Wu Bin who has resigned from the post but who intends to remain working as the company’s executive director. Li Qunfeng is a trained engineer who has worked for the company since 1994. Notably, he first worked for subsidiary Anhui Tongling Conch Cement in a number of production roles before attaining more senior postings within the group.

Poland: Lafarge Poland has laid the foundation stone for the Euro100m new kiln line at its Małogoszcz cement plant. The replacement of the three existing kilns and installation of an alternative fuel (AF) line aims to reduce the plant’s CO₂ emissions by 20% and its energy consumption by 33%. The company, a subsidiary of Switzerland-based Holcim, aims to make the cement plant into one of the European Union’s most modern. China National Building Material (CNBM) subsidiary Nanjing Kisen International Engineering will carry out the work, which is scheduled for completion in early 2023.

Project director Krzysztof Byczyński said “One of the three kilns has already been demolished and in its place a new kiln will be built with the necessary installations. Preparatory works for the construction of a new kiln are currently underway.”

Libya: Ahmed Abuhisa, the Minister of Industry and Minerals, has met with a delegation of officials from Chinese companies working in the mining and cement industry. The Chinese delegates reportedly expressed their desire to build cement plants in several regions within the country, according to the Libya Herald newspaper. General investment work was also discussed. The minister has referred the companies to the National Mining Corporation to determine investment priorities and follow up on the meeting.

China: Tianrui Group Zhengzhou has repaid its previously outstanding loan facility. Reuters News has reported that parent company China Tianrui Group says the company has withdrawn a new US$15.5m loan.

Vietnam: Member of the Vietnam Cement Association produced 70.7Mt of cement and clinker in the first eight months of 2021, up by 4% year-on-year from 27.2Mt in the corresponding period of 2020. Its exports rose by 12% to 27.2Mt. Viet Nam News has reported that the main importers of Vietnamese cement and clinker were China, the Philippines and Bangladesh. During the period, domestic demand fell by 5% to 43.5Mt.

China: Anhui Conch has signed a CO₂ trading agreement with Shanghai Environmental Energy Exchange (SEEE). The deal takes place within the context of Shanghai’s CO₂ trading pilot scheme. Anhui Conch says that it will not only facilitate the promotion of carbon allowance asset scheduling and carbon asset market transactions, but also provide accreditation and CO₂ management system certification. It says that SEEE will help it to better assume the role of a leading enterprise in the ‘dual-carbon’ field of the cement industry.

Anhui Conch says that it is focusing on developing a full-process carbon footprint monitoring system. It has begun researching the utilisation possibilities of captured carbon with academic partners.

China: BBMG has issued US$464m-worth of short-term fixed-rate bonds. China Knowledge Press News has reported that the company says that the bonds were issued at face value. Their maturity date is 25 March 2022.