
Displaying items by tag: China
Binani Cement renamed UltraTech Nathdwara Cement
14 December 2018India: UltraTech Cement has renamed its Binani Cement subsidiary UltraTech Nathdwara Cement. The leading Indian cement producer finally acquired Binani Cement in late November 2018 when the Supreme Court supported the National Company Law Appellate Tribunal’s (NCLAT) approval of its bid for Binani Cement following a legal fight with a consortium led by Dalmia Bharat group.
Binani Cement’s production assets include a 4.85Mt/yr integrated plant at Nathdwara and a 1.4Mt/yr grinding plant at Neem ka Thana, both in Rajasthan. The company also operates plants in China and the UAE. UltraTech Cement’s acquisition will increase its production capacity in the north of the country to around 24Mt/yr, increase its access to limestone reserves and offer it synergies in logistics and procurement.
Chinese joint venture starts building new cement plant in Uzbekistan
14 December 2018Uzbekistan: Local company Jo'ydam Tamir Qurilish and three Chinese partners have started building a 1.2Mt/yr cement plant at Bulakbasinsky in the Andijan district. Shangfeng, Tunli and Beijing Triumph International Engineering are the Chinese companies in the project dubbed ‘Shangfeng-Bridge of Friendship.’ The total cost of the project is around US$420m and the first stage of construction is planned for completion by 2020. A later expansion at a cost of US$215m is planned from 2020 to 2023.
LafargeHolcim Guinée orders modular grinding plant from CBMI
06 December 2018Guinea: LafargeHolcim Guinée has ordered a modular grinding plant from China’s CBMI. The deal was signed in late November 2018 and was launched in early December 2018. The project will be based at Dubréka, north of Conakry. For CBMI it is the first modular grinding plant it has officially sold.
Global Carbon Budget forecasts CO2 emissions to grow by 2.7% in 2018
06 December 2018Australia: Research by the Global Carbon Budget (GCB) forecasts that CO2 emissions will grow by 2.7% year-on-year to a 37.1 ± 2 Gt CO2 in 2018. This follows a rise of 1.6% to 36.2Gt after a three-year hiatus with stable global emissions. The 2018 forecast is based on preliminary data for the first 6 – 9 months indicate a renewed growth in fossil CO2 emissions based on national emission projections for China, the US, the European Union (EU) and India and projections of gross domestic product corrected for recent changes in the carbon intensity of the economy for the rest of the world.
In 2017 the GCB estimates that cement sector constituted 4% of global fossil CO2 emissions, a rise of 1.2% from 2016. Emissions are expected to grow by 4% in China in 2018, in part due to a 1% rise in cement production. In the EU emissions are projected to fall by 0.7% with stable cement sector emissions. In India emissions are forecast to increase by 6.3% with a 13.4% rise in cement sector emissions.
Fossil CO2 emissions are based on energy statistics and cement production data. The research makes its estimate of emissions from the cement industry using a method adapted from a paper published by Robbie M Andrew of Norway’s CICERO Center for International Climate Research in 2017.
Gerold Keune resigns from KHD
05 December 2018Germany: Gerold Keune has resigned as the chairman of the management board of KHD. He cited personal reasons. His resignation takes immediate effect.
He will be succeeded by Yizhen ‘Mario’ Zhu. He will hold the post until the end of December 2019. In addition, Tao Xing has been appointed as an additional member of the management board. Zhu already served on KHD’s Management Board from 2011 to 2017. Xing served as member of KHD’s Supervisory Board in 2015 and as member of the Management Board in 2016.
Construction starts at Kattakurgan cement plant
20 November 2018Uzbekistan: Construction has started on a 2.4Mt/yr cement plant in the Kattakurgan district of Samarkand. The project has an investment of US$420m, according to the Uzbekistan National News Agency. The first stage of construction will spend US$200m towards building a 1.2Mt/yr plant by 2020. This is expected to create 300 jobs. Then the plant will expand its production capacity from 2020 to 2023. The plant will produce both grey and white Ordinary Portland Cement. China’s Gansu Hengya Cement is investing in the project.
Anhui Conch IT Engineering to supply equipment and software design in smart factory project
12 November 2018China: Anhui Conch IT Engineering has struck a deal to supply equipment and software design services to Anhui Conch’s plants as part of a smart factory project. The contract has a value of US$12.5m with previously related work over eth last year having an additional value of around US$11m. The work is intended to support the company’s aggregate project construction and enhance its production lines.
Uzpromstroybank and Industrial and Commercial Bank of China discuss cement projects in Uzbekistan
12 November 2018Uzbekistan: Representatives of Uzpromstroybank and Industrial and Commercial Bank of China (UCBC) have met to discuss investment projects in the country to boost local industrial capacity. Proposals included expanding the production capacity of Kuvasoycement’s Kuvasay plant and the construction of a new cement plant, Yaypancement, according to the Trend News Agency.
RHI Magnesita cement and lime market held back by China
06 November 2018UK: RHI Magnesita’s cement and lime business has been held back by reduced production in China. It also said that its on-going focus on pricing and quality, ‘against more commoditised competitors,’ had reduced its division’s performance in the third quarter of 2018. Overall the refractory products producer said that its had seen ‘good’ trading performance in the third quarter of 2018 following positive trends seen in the first half of the year.
China Resources Cement to divest of three units in Shanxi
05 November 2018China: China Resources Cement plans to divest three companies it owns in Shanxi province. It intends to dispose of its majority stake and shareholder loans in Shanxi China Resources Fulong Cement, China Resources Cement (Changzhi) and China Resources Concrete (Lucheng). The subsidiaries will be sold in a public tender conducted through the Shanghai United Assets and Equity Exchange.
Shanxi China Resources Fulong Cement is based in Lvliang City and it operates a 4Mt/yr plant with two integrated production lines and four grinding lines. China Resources Cement (Changzhi) is based in Changzhi City and it operates a 2Mt/yr plant with one integrated line and two grinding lines. China Resources Concrete (Lucheng) operates a concrete batching plant.