Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
News Anhui Conch

Displaying items by tag: Anhui Conch

Subscribe to this RSS feed

Anhui Conch to invest US$35.4m in joint venture

16 June 2015

China: According to Reuters, Anhui Conch's board has agreed to invest US$35.4m to set up a joint venture to acquire Shengta Group's cement-related assets.

Published in Global Cement News
Read more...

Anhui Conch reports profit drop by 30.7% to US$276m in Q1

29 April 2015

China: Anhui Conch has reported that its net profit fell by 30.7% year-on-year to US$276m for the first quarter of 2015 from US$399m for the same period in 2014. Revenue fell by 11.1% to US$1.81bn from US$2.04bn. The major Chinese cement producer attributed to the fall in profit to a drop in product prices.

Published in Global Cement News
Read more...

Anhui Conch to build cement plant in Chelyabinsk

10 April 2015

Russia: The government of Chelyabinsk and China's Anhui Conch Cement Company Limited are negotiating the construction of a cement plant. Anhui Conch has been provided several plots for assessment. According to general manager Wang Jianchao, a project scheme will be determined in the near future and will either consist of the modernisation of existing facilities or the construction of a new cement plant at undeveloped limestone deposits.

Published in Global Cement News
Read more...

Movers in Myanmar

26 November 2014

A couple of news stories this week from Myanmar present an opportunity to look at the country. Lafarge has opened a cement repacking plant in the Thilawa special economic zone (SEZ). Upcountry meanwhile, Anhui Conch has had a joint venture approved by the government for an upgrade to an existing cement plant in Kyaukse.

Towards the end of 2013 the government announced that 13 companies were to establish joint ventures with the local state-owned cement plants. In addition the Myanmar Investment Commission had approved the construction of nine new cement plants with an aim of a target cement production capacity of 10.53Mt/yr. Following this, Siam Cement Group's on-going investment in a 1.8Mt/yr plant is due for completion in 2016. Semen Indonesia have been pushing for a joint venture since mid-2014 although it was still trying to agree terms in September 2014, according to local media. Italcementi's chief executive Carlo Pesenti also expressed his company's interest in setting up a joint venture in early 2014.

Association of Southeast Asian Nations (ASEAN) investment bank CIMB placed cement demand in Myanmar at 4Mt in 2012 and a local cement production capacity of 3Mt/yr. Cement consumption was placed at 76kg/capita for the country's population of 52.8 million. In contrast, Thai cement engineering supplier LV Technology reported demand of 6Mt in 2012. CIMB recorded Myanmar's capacity utilisation rate at 60%. Cement sales were broken down as 95% by bag and 5% by bulk.

This kind of supply-demand gap excites foreign investors. Neighbouring Thailand has a consumption of 515kg/capita, Myanmar imports cement from Thailand, Indonesia and India and the country's GDP growth rate is currently estimated to be around 8%.

Yet what's notable about Myanmar's industry are the high number of small, low production capacity cement plants. Many of them are wet process plants. Only one plant is reported as being capable of producing over 0.5Mt/yr with the Siam Cement plant project due to significantly bust this record when it is commissioned in 2016. Limited limestone deposits in the country may also make plants larger than 1.5Mt/yr unviable. Fuel is also an issue, with LV Technology advocating a wholesale industry conversion from state-subsidised gas to coal due to power shortages and impending competition issues.

In 2015 Myanmar is set to enact free trade tariffs from its ASEAN membership. Without protection or preparation, its cement plants could face serious consequences from cheaper imports from Thailand, Indonesia and Vietnam. The move by the government to encourage joint ventures with foreign partners looks like one way to mitigate this. In a market report in 2013 CIMB described the situation for investors as 'high-growth, high-barrier.' This seems to be an apt description given the experiences of Semen Indonesia.

Published in Analysis
Read more...

Anhui Conch invests in Myanmar Conch Cement joint venture

24 November 2014

Myanmar: The local Myint Investment Group has joined China's Anhui Conch Cement to upgrade the No 33 Kyaukse cement plant to 5000t/day of cement production capacity through a build-operate-transfer (BOT) system, according to the Ministry of Industry. The plant currently has a production capacity of 400t/day. The Directorate of Investment and Company Administration approved the joint venture, Myanmar Conch Cement Co Ltd, on 11 November 2014.

Published in Global Cement News
Read more...

China rides out

19 November 2014

Startling news from Hebei, China this week. The northerly province intends to move out its excess capacity in heavy industries, including cement, to other countries by 2023. 5Mt of cement production capacity is planned for transfer by 2017 and 30Mt is planned for transfer by 2023. The larger figure is about the same as the cement production capacity of France or Germany!

Hebei isn't the biggest cement-producing province in China but it has received attention as the authorities have cut down on 'out-dated' production capacity. The region was targeted in a programme to cut emissions from heavy industry due to its proximity to Beijing and that city's smog issues.

The Ministry of Industry and Information Technology (MIIT) set a target of 60Mt/yr in cement production capacity to be cut by 2017. The region was also the site of massive cement plant demolitions in late 2013 and early 2014. 18 cement plants were demolished in December 2013 followed by 17 cement plants in February 2014 alongside the destruction of connected grinding and storage capacity. Overall an incredible 74 cement plants in the area surrounding Shijiazhuang alone were targeted for demolition by March 2014.

Following this massive spate of capacity elimination, the public announcement to actively move abroad marks a stark change to China's general cement industry strategy so far. The country's equipment suppliers like Sinoma have been taking business from European rivals like FLSmidth or KHD for some time now especially in developing markets.

In 2013, FLSmidth reported a cement market order intake of US$575m and KHD reported an order intake of US$216m. In comparison Sinoma's cement equipment and engineering services reported order intake of US$5.59bn. In its annual report for 2013 FLSmidth estimated that the global market for new kiln capacity was 50Mt. At a capacity construction price of US$150/t this suggests that Sinoma took orders for nearly three quarters of the world's required capacity for new cement kilns in 2013. Order intake covers more than just building cement plants, so this quick calculation presents only a rough impression of what's going on.

More recently Chinese cement producers have started building their own cement plants or funding them outside of China. In October 2014 State Development and Investment Corp and Anhui Conch Cement Company announced plans to fund a plant in Indonesia. In September 2014 ground breaking was held for a Chinese-funded plant in Kyrgyzstan. In June 2014, Huaxin Cement invested in Cambodia Cement. This was its second overseas investment following a project in Tajikistan in 2011.

With China's government still attempting to avoid a hard economic landing as its growth slows, moving industrial overcapacity overseas makes sense. International and national players must be worried about the potential scale of this transition. On the plus side, however, those notorious inscrutable Chinese production figures in the cement industry will be far easier to analyse in plants outside of China facing international competition. Today Hebei, tomorrow the world!

Published in Analysis
Read more...

Zhu Yuming resigns as supervisor from Anhui Conch

12 November 2014

China: The board of directors of Anhui Conch have announced that Zhu Yuming has resigned as a supervisor of the company due to other work commitments. Zhu's resignation will be effective upon the appointment of a new supervisor to fill the vacancy. Anhui Conch have thanked Zhu for his 'invaluable' contributions to the company.

Published in People
Read more...

Anhui Conch reports record production and sales at subsidiaries in September 2014

13 October 2014

China: Anhui Conch Cement Co Ltd has announced that its output and sales of its major subsidiaries hit record highs in September 2014.

Its Foshan subsidiary in Guangdong Province saw sales exceed 10,000t/day for five consecutive days in September 2014, with average sales stablising at 8000t/day. Anhui Conch claimed that the subsidiary's September 2014 output, sales, clinker and cement production all hit new highs in 2014, with output and clinker cement production reaching historical highs.

In Jiangxi Province, its Ganjiang subsidiary witnessed 67% year-on-year growth in sales in September 2014. Anhui Conch's production in Guangxi was also robust. Its Beiliu unit completed 104% of its production target in the third quarter of 2014, while its Tongling unit produced over 10Mt of clinker cement in the first nine months of the year.

Published in Global Cement News
Read more...

Chinese companies to build cement plant in Indonesia

01 October 2014

Indonesia: Two Chinese companies signed an agreement on 25 September 2014 to invest in an Indonesian cement plant as part of investment cooperation measures that were agreed by China and Indonesia in 2013.

State Development and Investment Corp (SDIC) and Anhui Conch Cement Company will fund the project for the plant located in West Papua Province. After the construction is completed, the plant will have 3Mt/yr of production capacity, serving Indonesia and neighbouring countries, including Papua New Guinea. SDIC and Anhui Conch will have stakes of 51% and 49% respectively.

Published in Global Cement News
Read more...

Anhui Conch revenue rises by 22% to US$4.68bn in first half of 2014

27 August 2014

China: Anhui Conch's revenue rose by 22% year-on-year to US$4.68bn in the first half of 2014 from US$3.84bn in the same period in 2013. The group's net profit rose by 90% to US$945m. It attributed the growth in revenue and profit to increased sales volumes and prices.

During the reporting period, the group acquired four cement projects including Shaoyang Yunfeng New Energy Technology, Hunan Yunfeng Cement, Shuicheng Conch Panjiang Cement and Kunming Hongxi Cement. It started work on building three clinker production lines including Baoshan Conch Cement and ten cement grinding units, including Liangping Conch Cement, increasing its clinker and cement production capacities by 10.9Mt/yr and 17.7Mt/yr respectively. Outside of China, the installation of equipment at PT Conch South Kalimantan Cement in Indonesia was noted and a project in Myanmar was acknowledged as having made progress.

Four residual heat electricity generation units located at Guangxi Lingyun Tonghong Cement, Baoshan Conch and other companies were put into operation with an additional installed capacity of 36MW. The group continued to implement low-NOx staged combustion technology modification for clinker production lines and SNCR flue gas denitration technology modification. As at the end of the reporting period, the Group had completed technical upgrade of NOx reduction to 101 production lines, which are all reported to be running smoothly.

As at the end of the reporting period, the production capacity of clinker and cement of the group reached 200Mt/yr and 245Mt/yr respectively.

Published in Global Cement News
Read more...
  • Start
  • Prev
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • Next
  • End
Page 9 of 11
Loesche - Innovative Engineering
“System
Our high efficiency separator for every need - Christian Pfeiffer
“Flexible
We Move Industries - Heko Group - Conveyor Suppliers
Acquisition Cemex China coronavirus Dangote Cement Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US
« March 2021 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.