China: Huaxin Cement’s sales revenue rose by 1.9% to US$1.96bn in 2016 from US$1.93bn in 2015. Its cement and clinker sales rose by 5% to 52.7Mt and its net profit rose sharply to US$65.6m from US$14.9m. It attributed its result to following government-promoted supply side reforms such as cutting production costs. The cement producer noted that its had increased its usage of alternative fuels in the second half of the year following an increase in the cost of coal.
During the reporting period Huaxin Cement put its 3000t/day Tajikistan Sughd clinker production line into operation. It also purchased 15 cement plants from LafargeHolcim, including four grinding plants, located in Yunnan, Chongqing and Guizhou provinces. Altogether the new cement and clinker production capacity is expected to reach 10Mt and 15Mt respectively. The company also added that it had 25 alternative fuels co-processing projects operating or under construction with a capacity of 5Mt/yr.
