Displaying items by tag: China
China: The first nine months of 2022 brought a 6.1% year-on-year decline in China Shanshui Cement's sales to US$2.3bn, from US$2.45bn in the first nine months of 2021. Its net profit was US$142m, down by 43% year-on-year from US$248m.
Dalian Onoda Cement to suspend operations at Dalian cement plant
25 October 2022China: Dalian Onoda Cement, a subsidiary of Japan-based Taiheiyo Cement, says that it plans to suspend cement production at its Dalian cement plant in Liaoning. The producer said that it will shut the plant when its land lease expires in December 2022.
China: China Resources Cement (CRC) plans to sell subsidiaries CRC Changzhi and China Resources Concrete (Lucheng) for US$168m or more. CRC Changzhi operates a 2Mt/yr cement plant in Changzhi City, Shanxi Province. Both it and China Resources Concrete (Lucheng) serve the Shanxi Province market.
Clay foundations reduce cement consumption by 40%
13 October 2022Australia/China: A Charles Sturt University team has found that the use of clay in soft soil foundation stabilisation can eliminate 40% of cement used in this type of construction. Australian Associated Press News has reported that China-based Kunming University of Science and Technology also supported the research.
China National Building Material expects profit to halve in first nine months of 2022
11 October 2022China: China National Building Material (CNBM) expects its profit to decline by 50% year-on-year in the first nine months of 2022. The group said that this will be due in part to reduced cement sales, increased costs resulting from high coal prices and a 'substantial' decline in the value of its financial assets.
China: China Resources Cement has issued a profit warning for the nine-month period ending on 30 September 2022. The producer said that it expects its profit to 'significantly' decline year-on-year on account of lower sales volumes and an increased cost of sales during the period, compared to the corresponding period in 2021.
China Building Materials Academy patents 3D printing method
04 October 2022China: China Building Materials Academy has patented a new 3D printing method which uses short rebars to reinforce printed layers. The developer says that this will enable builders to ensure structural strength without the disruption caused to 3D printing by the long rebars of conventional building skeletons.
China Building Materials Academy said that an 'inverted U-shaped or inverted L-shaped short rebar is vertically inserted into the cement slurry layer, wherein the bending mechanism comprises two bending members, separately disposed on two sides of a clamp.'
Makin Teguh and Borneo Oil mark firing up of kiln at ILPP cement plant
20 September 2022Malaysia: Makin Teguh and Borneo Oil have held a ceremony to mark the firing up of the kiln at the 0.23Mt/yr ILPP cement plant being built in Sabah. The new plant is next to a limestone quarry owned by Borneo Oil and it is set to further benefit from the oil company’s other limestone assets via long term supply contracts, according to the Borneo Post newspaper. Borneo Oil increased its stake in Makin Teguh to 38% in May 2022.
A China-based supplier has built the new plant. It includes a waste heat recovery (WHR) unit and it reportedly the first integrated cement plant in Malaysia to use alternative fuels such as heavy fuel oil derived from refined recovered oils, palm kernel shells and bio char.
Hsing Ta Cement’s capital declines
16 September 2022Taiwan: Hsing Ta Cement has reduced its paid-in capital by 0.2% to US$108.9m from US$109.1m. The reduction is the result of the company’s cancellation of treasury shares.
Capital controls delay handover of new cement mill to Lafarge Zimbabwe
14 September 2022Zimbabwe: Government capital controls are delaying the handover of a new vertical cement mill ordered from China-based CBMI to Lafarge Zimbabwe. The cement producer still owes the supplier US$5.2m but has been unable to make the payment due to economic measures the government has taken to avoid depreciation of the local currency, according to the The Insider newspaper. The subsidiary of Switzerland-based Holcim is unable to obtain a certificate of completion from the supplier until the transaction has been completed. CBMI handled the order and Germany-based Gebr. Pfeiffer supplied the mill. The outstanding debt to CBMI may also delay Holcim’s deal to sell Lafarge Zimbabwe to Fossil Mining, which was announced in June 2022.