Displaying items by tag: China
China Tianrui Group Cement settles US$30m loan
10 January 2023China: China Tianrui Group Cement settled a term loan facility on 9 January 2023. Reuters has reported the value of the facility as US$30m.
Vicem's full-year sales grow in 2022
09 January 2023Vietnam: Vicem recorded full-year sales of US$1.68bn during 2022, up by 17% year-on-year. The producer sold 27.5Mt of cement, down by 6.7% year-on-year. Export sales volumes declined more sharply than those on the domestic market. Vicem responded to the cost impacts of economic disruptions arising from the on-going Russian invasion of Ukraine by raising its cement prices. Nonetheless, its profit fell by 30% year-on-year to US$63.9m.
Vietnam News Summary has reported that Vicem is aiming to achieve sales growth of 4% year-on-year in 2023, to US$1.74bn. Export sales growth prospects are strong, since China resumed its import of foreign goods at the end of December 2022. China consumed 54% of all Vietnamese cement exports in 2021.
LafargeHolcim Egypt's ECOPlanet green cement reduces CO2 emissions from Alamein Downtown Towers project
09 January 2023Egypt: LafargeHolcim Egypt supplied 8200t of its ECOPlanet reduced-CO2 cement for construction of Alamein Downtown Towers in Alamein City. The producer said that the cement reduced the project's carbon footprint by 45% compared to ordinary Portland cement (OPC). The government contracted China-based China State Construction Engineering Corporation for construction of the five-tower development. Three of the buildings will be residential, while the remaining two will house business and events facilities.
SONACIM orders generator part from Chinese supplier
05 January 2023Chad: Société National de Cimenterie (SONACIM) has placed an order with a China-based machine parts supplier for a part for its Baoré grinding plant’s generator. Alwihda News has reported that previously ordered the part from a supplier based in Egypt, which since failed to make the delivery. Cement production has been suspended at the plant since early July 2022, pending delivery of the missing part.
SONACIM’s deputy director general Koye Ndaye Benoît said “As soon as the part arrives, production will be restarted.”
430 people are employed in SONACIM’s operations in Chad.
Jinzhou Tiansheng Heavy Industry orders new lime plant from Maerz
30 December 2022China: Jinzhou Tiansheng Heavy Industry has ordered a lime plant with a production capacity of just under 5000t/day from Switzerland-based Maerz Ofenbau. The order includes six PFR-type kilns and will be based at a carbide plant that is being built by Mundra Petrochem, a subsidiary of India-based Adani Group. Maerz says that the new plant will be the largest lime unit ever built at a new site. The equipment manufacturer will supply engineering, material and equipment for the R5S carbide-gas-fired kilns, each with a production capacity of 800t/day.
Southeast University develops coral-based concrete
12 December 2022China: A team at Southeast University has developed an alternative concrete that contains 8% cement. It uses coral reef limestone fragments and biodebris with an upper particle size of 53mm as fine aggregate. The researchers concluded that the material proved suitable for use in precast concrete paving slab production.
Chongqing Sifang New Materials' cement facilities resume operations
12 December 2022China: Chongqing Sifang New Materials says that it has resumed cement production at all sites following the end of the latest round of Covid-19 lockdown restrictions. The producer says that it brought capacity back online in a progressive manner.
Anhui Conch Cement displays its carbon capture systems at Macao International Environment Forum and Exhibition
12 December 2022China: Anhui Conch Cement's carbon capture systems went on display at the Macao International Environment Forum and Exhibition in Macao Special Administrative Region on 9 December 2022. Anhui Conch Cement previously installed amine-based carbon capture systems at some of its cement plants, beginning with the Baimashan cement plant in Wuhu, Anhui Province. The producer said that it hopes to introduce its advanced equipment to the international community and to collaborate with other cement companies for the accelerated development of green technologies.
The Macao International Environment Forum and Exhibition addresses China's Dual Carbon Goal of peak national CO2 emissions before 2030 and carbon neutrality by 2060.
Chen Xuanlin resigns as chief investment officer of Dongwu Cement
07 December 2022China: Chen Xuanlin has resigned as the chief investment officer of Dongwu Cement. In a statement the company said that Chen wanted to, “to pursue his career development and concentrate on his own business engagement.”
China: Tangshan Jidong Cement and Xinjiang Tianshan Cement have announced the planned launch of a new joint venture in the cement industry. Reuters News has reported that the new cement producer will have registered capital of US$129m.
Tangshan Jidong Cement and Xinjiang Tianshan Cements' headquarters lie 3000km apart, in Beijing, Hebei Province, and Ürümqi, Xinjiang Province, respectively.