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Huaxin Cement projects 18% - 28% year-on-year profit growth

10 January 2020

China: Preliminary calculations from Huaxin Cement’s financial division have projected a net profit attributable to shareholders for 2019 of between US$0.88bn and US$0.95bn – an increase of 18% - 28% year-on-year from US$0.74bn. The company attributed the forecasted rise to an increase in the production and sales scale of its leading products.

China Cement Association Information Centre deputy director and Digital Cement Network CEO Chen Bailin estimated that demand will remain steady across China in 2020, according to Yicai News.

Published in Global Cement News
Tagged under
  • China
  • Huaxin
  • Profit
  • Production
  • Sales
  • demand
  • GCW438

Gabon produces 21% more cement year-on-year in 2019

10 January 2020

Gabon: Gabon produced 0.42Mt in 2019, exceeding production figures for 2018 of 0.33Mt by 21%. Sales were US$50.6m – up by 16% from US$42.5m. Direct newspaper attributed the growth to both domestic producers, reporting that CimGabon has improved the efficient use of production equipment, while CIMAF also ramped up production.

Published in Global Cement News
Tagged under
  • Gabon
  • volumes
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  • Production
  • equipment
  • GCW438

Taiheiyo Cement and Elex launch biomass power plant

10 January 2020

Japan: Ofunato biomass power plant began generating electricity on 1 January 2020. The 75MW plant is the result of a 65:35 partnership between Taiheiyo Cement and electrical engineering firm Elex formed in July 2016, with a total investment of US$36.5m. It will primarily burn coconut matter to provide electricity for sale and supply to Taiheiyo Cement’s 1.9Mt/yr integrated Ofunato plant. Taiheiyo Cement says that its will generate 520,000MWh/yr, replacing fossil fuels responsible for 0.3Mt/yr of CO2 emissions.

Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • Elex
  • Biomass
  • Power Plant
  • commissioning
  • Partnership
  • GCW438

Dyckerhoff completes Geseke quarry road paving

10 January 2020

Germany: Buzzi-Unicem subsidiary Dyckerhoff has paved the 3700m2 of road outside the limestone quarry at its 0.4Mt/yr integrated Geseke plant in North Rhine-Westphalia. It used a concrete blend containing PKZ Doppel N cement produced at the Geseke plant, which it applied to a thickness of 20cm over an asphalt base. Dyckerhoff made the decision to pave the road ‘to minimise dust emissions, especially in prolonged dry spells.’ It says the concrete’s low water content and good compression give the road a strength rating of 50N/mm2.

Published in Global Cement News
Tagged under
  • Germany
  • Dyckerhoff
  • Plant
  • Quarry
  • Roads
  • Upgrade
  • Dust
  • GCW438

Brazil reports 3.6% year-on-year sales rise in 2019

09 January 2020

Brazil: Brazil has reported a growth in annual sales volumes for the first time since 2014. Producers sold 54.5Mt of cement – up by 3.5% from 52.8Mt in 2018 and exceeding SNIC president Paulo Camillo Penna’s January 2019 forecast of 3.0% growth. Penna has predicted a 3.6% increase to 56.5Mt in 2020. Valor newspaper has reported that Penna bases his assumption on favourable interest rates and low inflation of the Brazilian real as well as the government’s implementation of anticipated industrial policies favourable to production.

Published in Global Cement News
Tagged under
  • Brazil
  • SNIC
  • Sales
  • volumes
  • growth
  • Forecast
  • interest
  • currency
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