Displaying items by tag: Jiangxi

Cambodia: China-based Jiangxi Provincial Building Material Group plans to establish a cement plant in Cambodia. Company president Wensheng Chen led a delegation on 29 August 2024 to assess investment opportunities, meeting with officials from the Council for the Development of Cambodia (CDC).

Chea Vuthy, secretary-general of the CDC’s Cambodia Investment Board (CIB), said "The CIB’s management and officials look forward to providing all possible arrangements for the company to invest in Cambodia."

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.

Kazakhstan: Chinese investors have proposed to build a 075Mt/yr cement plant in the Kyzylorda region of Kazakhstan. The proposal was revealed as part of 13 memoranda of cooperation worth US$451m signed between the Governor’s Office of Kyzylorda region and the People's Government of Jiangxi Province, China.

China: The Ministry of Industry and Information Technology (MIIT) has set a timetable for eliminating out-dated cement plants. The MIIT has requested that local governments in China work out structural adjustment plans for the cement industry before the end of March 2014 and propose detailed treatment measures towards on-going and finished contravening cement projects before the end of June 2014, according to the Xinhua Chinese news agency.

Hebei province has been asked to cut its cement production capacity by 60Mt/yr by 2017. Jiangsu province is to cut its production capacity by 10Mt/yr and Jiangxi province must cut its capacity by 5Mt/yr. The MIIT expects that cement production utilisation will be improved to over 75% by the end 2017 after the cement industry follows its measures. Emissions of dust and nitrogen oxide will be cut by more than 40% and the cement industry's average profit margin should be no less than the manufacturing industry's average.

National: The Ministry of Industry and Information Technology has released a third list of 58 companies, including cement companies, which should cut their excess production capacity by the end of 2013 as a part of the country's economic restructuring drive. The ministry said that local authorities must ensure that overcapacity is eliminated, rather than transferred to other regions.

Regional: South-eastern Fujian province produced 52.1Mt of cement in the first eight months of 2013, a year-on-year increase of 13.3%, according to data released by the local statistics bureau. Jiangxi Province produced 54.8Mt of cement in the first eight months of 2013, a year-on-year increase of 21.1%.

Central Hubei province saw cement output increase by 8.3% year-on-year to 60.3Mt in the first seven months of 2013.

North-west Shaanxi province saw cement output total 53.9Mt in the first eight months of 2013, a year-on-year increase of 9.3%.

Southern Hainan province has produced 10.5Mt of cement in the first seven months of 2013, a year-on-year increase of 26.3%. South-central Hunan province produced 9.47Mt of cement in August 2013, a year-on-year decrease of 2.8%.

Corporate: Gansu Qilianshan Cement Group plans to spend US$43.4m on acquiring a 100% stake in Longnan Runji Cement to expand into the Gansu province market. Runji Cement currently operates a 2500t/day dry-process cement plant.

China: Jiangxi Wannianqing Cement, a Shenzhen-listed producer of cement and clinker, has estimated that the company's net profit has decreased by 60-70% year-on-year in 2012 compared to a net profit of US$81.4m in 2011. The company made the announcement in a performance forecast that was released on 14 January 2012.

Taiwan/China: TCC International, a unit of Taiwan Cement Corporation, has announced that it has entered into a framework agreement to acquire an array of cement and clinker production lines in Chongqing, Jiangxi and Zhejiang in China for a value not exceeding USD250m.

Under the framework agreement, the group will acquire either 100% or not less than 80% of equity interests in a group of companies and assets under Chongqing Kehua Holdings (Group) Limited and Zhejiang Kehua Group Company Limited. The target companies and assets to be acquired possess a total cement grinding capacity of about 8.1Mt/yr and total clinker production capacity of around 6.3Mt/yr.

Meanwhile, another of Taiwan's leading cement producers, Asia Cement, has posted a near 60% increase in net profit for the first half of 2011 compared to 2010 on the back of robust sales in its China operations. It recorded USD204m in net profit, up by 58.8% from a year ago.

Due to production expansion and rising product prices on the mainland market Asia Cement (China), the company's mainland subsidiary, registered USD104m in net profit during the same period, up by 369% compared to the first half of 2010.

However, Asia Cement said that its Taiwan operations suffered product price declines, which resulted from the dumping of low-priced mainland cement onto the island. This was compounded by rising production costs, which included higher fuel prices. With Taiwanese cement firms filing a complaint with the local authorities against the dumping of mainland products, Asia Cement expects domestic cement prices will rise to 'a reasonable level' later in 2011.

Meanwhile, Asia Cement said demand in China is expected to keep rising as the Chinese government carries out its 12th five-year economic development plan, which focuses on infrastucture, rural area development and residential property development. As the Chinese government gears up to phase out outdated cement production facilities, Asia Cement, which largely operates new plants there, is expected to take advantage and receive more sales orders.