Displaying items by tag: China

Nepal: Huaxin Cement Narayani has completed construction of its 3000t/day Dhading cement plant in Bagmati and plans to commence production before November 2021. The Xinhua News Agency has reported that construction of plant, a joint venture of Vaidya’s Organisation of Industries and Trading Houses and China-based Huaxin Cement subsidiary Huaxin Central Asia Investment (Wuhan), started in early 2019 but was delayed by floods, disputes over land acquisition and the coronavirus pandemic. It is Nepal’s second cement plant backed by Chinese investors following the opening of Hongshi-Shivam Cement in 2018. In 2020, the country produced 7.49Mt of cement, towards serving a demand of 9.05Mt/yr nationally.

Ghana: The district government of Shai-Osudoku in Accra has stopped the construction of an ‘illegal’ cement plant. The Daily Guide newspaper has reported that a China-based producer had been building the plant without a permit.

Vietnam: SSI Securities says that the local cement sector faces a ‘huge’ risk due to its over-dependence on export markets, particularly its reliance on China. The securities company reports that cement shipments have risen due to China’s current investment policies on limiting the output of its own cement plants and increasing imports from foreign countries, according to the Viet Nam News newspaper. China was the largest buyer of Vietnamese cement from 2017 to 2019. In 2020 China scooped up 57% of Vietnam’s combined cement and clinker exports. This represented 22% of the country’s total sales.

However, SSI Securities has warned that exports to China are unlikely to grow as demand stabilises. It expects a fall of 20 – 25% in the short to medium term as China stops its infrastructure stimulus packages. The brokerage company also noted that the sector’s second biggest export destination, the Philippines, has accused Vietnam of dumping cement.

China: China Resources Cement recorded a consolidated turnover of US$2.59bn in the first half of 2021, up by 19% year-on-year from US$2.17bn in the first half of 2020. Cement and clinker sales volumes increased by 16% to 41.6Mt and 30% to 7.04Mm³ respectively. Its profit attributable to owners of the company rose by 13% to US$467m from US$538m. Its capital expenditure (CAPEX) for the half totalled US$159m. It plans to spend US$540m in the full year in 2021.

China: Vortex Asia-Pacific has opened a new office in Shanghai. It is intended to serve the solids and bulk handling components company’s customers in China and a variety of other countries in Asia. The subsidiary of US-based Vortex Global was established in 2009.

“Vortex has been established in China for over a decade and is excited about our continued partnership with dry bulk processors across the country. It is also great to see our team transition back into a new office environment after a difficult year with the pandemic,” said Travis Young, the president and chief executive officer of parent company Vortex Global.

China: Asia Cement China recorded a 23% year-on-year rise in net sales in the first half of 2021 to US$820m from US$668m in the first half of 2020. Its profit for the period also rose, by 21% to US$171m from US$141m.

The company increased its cement sales to US$796m, up by 26% from US$630m. It said that total Chinese cement sales hit a record high during the half of 1.15Bnt, up by 14%. Average cement prices were lower than in the corresponding period of 2020. The company said that it expects prices to rise after bad weather ends in late August and the supply of steel and aggregates resumes fully.

Nigeria: Madugu Cement plant to build a 5Mt/yr cement plant at Kembu in Gombe state. The producer has awarded an engineering, procurement and construction (EPC) contract for the project to China-based Sinoma International Engineering Company. Construction will consist of two phases, each of which will establish a production line of 2.5Mt/yr capacity. The Nigerian Tribune newspaper has reported that, when commissioned, the plant will be the second in Gombe state. The state has extensive gypsum reserves and a surplus of coal and hydroelectric power.

Nigeria: Dangote Cement says that its new 6Mt/yr cement plant at Okpella in Edo state is ready to enter cement production. The Daily Independent newspaper has reported that group invested US$1bn in the plant. China-based Sinoma International Engineering Company supplied engineering, procurement and construction (EPC) services. When commissioned, the plant will employ 6000 people, according to the owner.

Dangote Cement is in the process of establishing a further 6Mt/yr cement plant at Itori in Ogun state. The launch of both plants will give the producer an active cement capacity of 41.3Mt/yr. The company says that its aim is to increase the uptake of cement in Nigeria. It said, “We still need to do more to make the cement get to the poorest of the poor.”

Philippines: Holcim Philippines plans to invest US$4.18m in upgrades to its cement plants at La Union, Bacnotan, and Lugait, Misamis Oriental to improve business and sustainability performance.

The subsidiary of Switzerland-based Holcim held a ceremonial signing ceremony on 7 July 2021 to award the contract to Sinoma CBMIPH Construction to install a drying facility at the La Union plant. The project is intended to reduce the fuel consumption of the unit by reusing hot gases from operations to dry materials. The integrated plant was recently awarded an ISO 45001:2018 for Occupational Health and Safety Management System and recertified for ISO 9001:2015 (Quality Management System) and ISO 14001:2015 (Environmental Management System) by certification body TÜV Rheinland. Holcim Philippines has also contracted Sinoma CBMIPH to install a drying facility at its Lugait plant that will reduce moisture of raw materials to improve grinding operations. The La Union and Lugait projects are scheduled to be completed in the first quarter of 2022 and by the end of October 2021 respectively.

In January 2021, Holcim Philippines also started projects worth US$2.42m to raise the efficiency of converting qualified waste materials to alternative fuels of its cement plant in Bulacan, Norzagaray. These will enable its Geocycle subsidiary to support the Bulacan plant to increase its thermal substitution rate by using more post-consumer and municipal solid wastes as alternative fuels.

Ethiopia: China-based Sinoma International Engineering’s subsidiary Suzhou Sinoma has signed an initial deal with Western International Holdings to build a 10,000t/day clinker production line at Lemi in Amhara Region for around US$326m. The line includes entry of raw materials to the packaging of finished cement. Once Western International Holdings establishes a company to carry out the project Suzhou Sinoma will sign a further contact to confirm the deal. At this point construction is expected to take around 20 months.