China Resources Cement benefits from price rises in 2018

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China: China Resources Cement’s turnover rose by 29.5% year-on-year to US$4.94bn in 2018 from US$3.82bn in 2017. Its profit jumped to US$1.02bn from US$0.46bn. Its cement sales volumes grew by 9% to 82.6Mt from 75.9Mt. Cement sales volumes grew in all regions except for Hainan and Yunnan, where they declined slightly. Its concrete sales volumes increased by 5.7% to 14.2Mm3 from 13.5Mm3. No reason for its growth in 2018 was given but the producer’s average sales price of cement grew by 25%.

The cement producer is upgrading 106 cement bagging machines in the reporting year as part of its ‘digital’ cement-bagging project. It completed the construction of three sets of wet-process desulphurisation systems and 11 sets of composite desulphurisation systems. It launched co-processing projects in Changjiang County in Hainan, Tianyang County in Guangxi, Midu County in Yunnan and Fengqing County in Yunna.

Last modified on 13 March 2019

URL: https://globalcement.com/news/item/8924-china-resources-cement-benefits-from-price-rises-in-2018

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