Displaying items by tag: China
DG Khan Cement to build new plant at Hub
29 November 2016Pakistan: DG Khan Cement plans to build a new 9000t/day cement plant at Hub in Balochistan. It has contracted Izhar Construction to conduct all civil work on the project, according to the Nation newspaper. The plant is being built to benefit from demand generated from infrastructure built via the China-Pakistan Economic Corridor.
Pakistan tax body looks forward to contributions from cement bonanza
28 November 2016Pakistan: Tax bodies are expecting to see a jump in revenue in the 2016 – 2017 financial year from cement producers as Chinese-funded infrastructure starts to be built. The Large Taxpayers Unit (LTU) in Karachi, the largest revenue-collecting arm, estimates that it will tax producers US$114m in the 2016 – 2017 financial year, according to the News International newspaper. A study by the LUT said that growth would arise from increases in sales tax and federal excise duty following the start of projects worth US$46bn from the China-Pakistan Economic Corridor.
Cement sales have risen by 8.3% year-on-year to 8.98Mt in the first quarter of the local financial year. This follows a 17% rise in domestic sales to 33Mt in the 2015 – 2016 financial year.
Cambodia Capital Mineral Resources proposes new cement plant
23 November 2016Cambodia: Cambodia Capital Mineral Resources, a Chinese owned company, and the Ministry of Mines and Energy has met to discuss building a new cement plant. The ministry intends to seek government support before the company begins a feasibility study, according to the Khmer Times.
The ministry estimates that domestic demand for cement will reach 5Mt/yr in 2017. In December 2015 Chip Mong Group signed a partnership with Chinese-owned CITIC Heavy Industries to build a US$262m cement plant in Kampot province, with a daily production capacity of 5000t/day. In June 2016 Thai Siam Cement Group invested US$120m in a second production line at its factory in Kampot province, which will increase production to 0.9Mt/yr.
North Korea: Traders are importing more cement from China to meet demand for rebuilding following floods in North Hamgyong. The government has warned traders that future tenders will rely on how much cement they are currently providing for reconstruction work, according to DailyNK. A source quoted by the media source said that imports are favoured over local cement due to quality differences. The trading companies reportedly buy the cement in China and then donate it for free towards the restoration drive.
Anhui Conch revenue holds steady in first nine months of 2016
31 October 2016China: Anhui Conch has reported that its revenue fell by 0.05% year-on-year to US$5.6bn in the first nine months of 2016. Its net profit fell by 2.2% to US$881m from US$901m. Although after extraordinary items, due to government subsidies and asset disposals, its profit rose by 28% to US$782m. No comment was made on the results but the cement producer did note that its prepayments for coal and other raw materials and fuel rose during the third quarter of the year.
China: China National Building Material Company’s (CNBM) total operating revenue has fallen by 8.6% year-on-year to US$10.4bn in the first nine months of 2016 from US$11.4bn in the same period in 2015. Its net profit attributable to the owners of the company fell by 5% to US$106m from US$112m. No comment has been made regarding the results.
Chinese cement production picks up in 2016
31 October 2016China: Cement output grew by 2.6% year-on-year to 1.77Bnt in the first nine months of 2016, according to data from the National Development and Reform Commission (NDRC). This is compared to a 4.7% drop in output that was noted for the same period in 2015 compared to 2014. Figures from the National Bureau of Statistics (NBS) show that property sector investment rose by 5.8% year-on-year in the first nine months of 2016, a faster rate than earlier in the year, supported by interest rate cuts and lower deposits.
China: FLSmidth, Sino Environment Engineering Development (SEPTEC) and China Resources Cement (CRC) have signed a partnership to provide pyroprocessing co-processing systems to cement plants. FLSmidth will be responsible for the design, engineering and integration of the integrated waste burning solution, with SEPETC acting as a general contractor.
The agreement follows a project at CRC's Hongshuihe cement plant that took municipal and industrial waste from the city of Binyang in Guangxi. FLSmidth installed a Hotdisc system that could process 300t/day of waste to support the cement plant’s cement production capacity of 3200t/day.
"China's energy intensive industries, such as cement production, are coming under pressure from the government that wants to rebalance the economy towards a less energy-hungry mode of growth, curb pollution and reduce carbon emissions. CRC plans to initiate several similar municipal solid waste co-processing projects for other cement producers with FLSmidth and SEPETC as partners," said FLSmidth China Country Manager, Cyril Leung.
In China's latest five-year plan, the government encourages more cement producers to co-process municipal solid waste in the cement industry, with an aim of getting 15 - 20% of the cement kilns in the country to be co-processing waste by 2020. In 2017, China will introduce a national carbon-trading scheme in 2017.
China: China Resources Cement’s (CRC) profit has fallen by 36% to US$102m in the first nine months of 2016 from US$159m in the same period of 2015. Its turnover fell by 11.5% to US$2.25bn from US$2.55bn. Cement sales volumes grew by 5.4% to 57Mt from 54Mt and clinker sales volumes fell by 22% to 2.9Mt from 3.8Mt. Turnover fell in all regions that the cement producer operates in with the exception of Yunnan and Guizhou. No explanation was provided for the falling turnover and profit but the company did highlight that the average cost per tonne of cement fell by 14% year-on-year.
Vietnam cement and clinker exports drop by 16.6% to 11.3Mt in first nine months of 2016
20 October 2016Vietnam: Vietnam’s exports of cement and clinker fell by 16.6% year-on-year to 11.3Mt in the first nine months of 2016. The value of the exports fell by 17.2% to US$429.3m. The Philippines, Bangladesh, Taiwan and Mozambique were among major importers of Vietnamese clinker and cement in the nine-month period, according to data from the Ministry of Industry and Trade. Local cement producers have faced competition from those in Thailand and China.