China: Anhui Conch has announced the start of production at its subsidiary Basu Conch’s 0.9Mt/yr-capacity clinker production line, its first in the Tibet Autonomous Region. Anhui Conch Sichuan and Chongqing regional director Zhang Laihui said, “Thanks to its mature corporate management, Basu Conch has built an industrial plant in the wilderness in 468 days – that’s ’Conch speed.’ Our group mission of ’industrial aid to Tibet’ stands as an example of good management, development and efficiency in public-private cooperation.”
Taiheiyo Cement records profit drop in first quarter of 2021 financial year
Japan: Taiheiyo Cement recorded a net profit between 1 March 2020 and 30 June 2020, the first quarter of the 2021 financial year, of US$30.6m, down by 42% year-on-year from US$52.6m in the first quarter of the 2020 financial year. Sales fell by 3% to US$1.88bn from US$1.94bn. The company said that the coronavirus outbreak affected sales in all regions.
Raw material imports to Bangladesh fall by 13% in 2020 financial year
Bangladesh: Cement producers imported US$760,000-worth of raw materials in the 2020 financial year which ended on 30 June 2020, down by 13% year-on-year from US$874,000 in the 2019 financial year. Clinker, calcareous stone, granulated blast furnace slag (GBFS) and gypsum imports totalled 18.6Mt, down by 11% from 21.0Mt, compared to annual growth of 15 - 20% since 2010.
The Daily Star newspaper has reported that this was due to decreased cement demand, with sales falling to 65,000t in April 2020 from 125,000t in March 2020 on account of the start of the nationwide coronavirus lockdown. Premier Cement managing director Amirul Islam said, “We are not getting the benefits we expected from the government. The sector’s capital is gradually running out, so all kinds of discretionary tax cuts are needed to save this industry.”
Bangladeshi cement producers import raw materials from Thailand, Vietnam and China.
Falling revenues cause Star Cement’s first quarter profit to halve
India: Star Cement’s profit in the first quarter of the 2021 financial year, to 30 June 2020, fell by 47% year-on-year to US$5.91m from US$11.2m. This was caused by a by 37% decline in sales to US$39.0m from US$61.6m. Earnings before interest, taxation, depreciation and amortisation (EBITDA) also fell, by 42% to US$8.72m from US$15.0m.
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