Displaying items by tag: Huaxin Cement

Nepal: The parliamentary Public Accounts Committee (PAC) has accused the Huaxin Cement Narayani plant being built at Benighat Rorang Rural Municipality in Dhading of ignoring the project’s Environment Impact Assessment (EIA) report. Members of the committee visited the site two months ago following complaints, according to the Republica newspaper.

It found that an 11km access road to the site had encroached upon a river. The company had used sand and stones from the river and used the materials to build the road. The road’s construction has also disrupted local agricultural irrigation canals. A flood at the site of the cement plant was reported in July 2019. An irregular deal to lease land to the joint venture was also reported.

Nepal: Flooding has damaged the Huaxin Narayani Cement plant being built at Benighat Rorang Rural Municipality in Dhading. Rising water from the Malekhu River caused around US$90,000 damage to the construction site, according to the Himalayan Times newspaper. The deluge wrecked a storeroom and swept away five vehicles. Work on the US$137m project started earlier in 2019.

China: Huaxin Cement emitted 1.4Mt of CO₂ equivalent in 2018. About 60% of this came from process emissions from making clinker and about 30% came from burning fossil fuels. Additional emissions arose from electrical consumption.

The cement producer says that it implemented a variety of emission control and sustainability initiatives in 2018. These included improving its energy saving management, rollout of waste-heat recovery systems and other plant upgrades. It is also promoting so-called ‘green’ products. In January 2019 its Huaxin Fortune brand 42.5R grade Ordinary Portland Cement obtained low carbon product certification from the China Quality Certification Center.

Uzbekistan: China’s Huaxin Cement has held a ground breaking ceremony for a new 1.5Mt/yr cement plant it is building in Jizzakh region. The project has an investment of US$150m and it is scheduled to start operation in March 2020.

China: Huaxin Cement’s sales revenue rose by 33% year-on-year to US$887m in the first quarter of 2019 from US$669m in the same period in 2018. Its net profit nearly doubled to US$150m from US$78.7m.

China: Huaxin Cement’s sales revenue rose by 32% year-on-year to US$4.09bn in 2018 from US$3.11bn in 2017. Its net profit grew by nearly 150% to US$772m from US$309m. Its cement sales volumes increased by 3% to 70.7Mt and its ready-mix concrete (RMX) sales increased by 11% to 3.56Mm³. By region is operating revenue grew in all domestic regions, except for Jiangxi.

During 2018 the cement producer completed its acquisition of Chongqing Lafarge Shui On Cantian Cement. Its Tibet Shannan Third Phase 3000t/day and Shigatse Second Phase 3000t/day project were put into operation. In total the group added 4.77Mt/yr of cement production capacity in 2018. In its future risk analysis it said that production capacity reduction in the cement industry is ‘yet to be improved and that the ‘fundamental contradiction’ of the overcapacity has not been solved.

Switzerland’s LafargeHolcim’s runs Huaxin Cement as a joint venture. The company operates almost 200 subsidiaries in nine provinces in China as well units in Tajikistan and Cambodia. It has a cement production capacity of 100Mt/yr, RMX capacity of 23.3Mm³/yr and an aggregate capacity of 25Mt/yr.

Uzbekistan: China’s Huaxin Cement plans to build a new 1.2Mt/yr cement plant in the Zafarabad district of Jizzakh region for US$150m. The unit will be commissioned in December 2019, according to the Trend News Agency. It intends to export about 0.12Mt of cement during the first stage of production. As part of the project, Huaxin Cement’s local subsidiary, Huaxin Cement Jizzakh, has been temporarily exempted from paying various tariffs, including income, property, custom and added taxes.

Philippines: China’s Huaxin Cement is preparing to sign a US$245m engineering, procurement and construction (EPC) contract with Holcim Philippines to build a new production line at its Davao plant. The Kalayaan 2 project includes a 6000t/day clinker production line, a 7MW waste heat recovery unit and upgrades to a 3000t/day production line. The contract follows a previous project between the companies on a mill at the plant.

Malaysia: Lafarge Malaysia has appointed Yeoh Khoon Cheng as its interim chief executive officer (CEO).

Yeoh started his career with Deloitte Kassim Chan in 1979. He joined Lafarge Malaysia in 1987 as finance manager and has held various positions involving business development, mergers and acquisitions and corporate finance activities and acted as company secretary from 1990 to 1998. He was appointed as executive director and chief financial officer (CFO) in 1999. From mid-2011 to the end of 2015, he was the CFO for Lafarge Cement China. Latterly, Yeoh was the CFO of Huaxin Cement in China from 2016 to mid-2017. He is a member of the Malaysian of Institute of Accountants and the Malaysian Institute of Certified Public Accountants.

China: Huaxin Cement’s sales rose by 27% year-on-year to US$1.75bn in the first half of 2018 from US$1.38bn in the same period in 2017. Its net profit nearly tripled to US$304m from US$107m. Its cement and clinker sales volumes grew by 1.13% to 32.2Mt.

The cement producer said that it had been challenged by raw materials and fuel price rises and kiln suspensions due to government-mandated peak shifting production during the reporting period. However, measures such as higher alternative fuels co-processing rates and efficiency gains helped to bolster its financial performance. Its kiln waste processing volumes increased by 18.4% to 0.68Mt.

The company added that its Tibet Shannan 3rd Phase 3000t/day clinker production line was ‘proceeding smoothly’ and was scheduled to start operation by the end of August 2018. Its 4000t/day Yunnan Luquan clinker line and 2.85Mt/yr Huangshi clinker replacement line projects have started construction. In Nepal a 2800t/day clinker line is scheduled to start construction by the end of the year. It is also working on municipal solid waste (MSW) projects in Wuhan Changshankou and Lijiang.