Displaying items by tag: China
China Concrete appeals against licence rejection for Yau Tong concrete plant cement storage facility
08 June 2021China: China Concrete has appealed against the Environmental Protection Department’s decision to reject its application to renew its licence to operate the cement storage facility at its Yau Tong concrete plant in Hong Kong. The concrete producer said that the rejection was both unfounded and unconventional. The Harbour Times newspaper has reported that the company alleged that state-owned local property developers Minmetals Limited, Qingjian Realty and Yuexiu Property pressured the authority.
Managing director Bono Tsang said, “As early as May last year, we expressed to the government our willingness to relocate the plant despite a huge investment cost, and we proactively proposed tentative locations. Our idea is to build a high-tech, pollution-free and environmentally friendly indoor concrete plant. It will become a model for similar plants around the world.”
Vietnam: Vietnam’s cement exports totalled 14.9Mt in the first four months of 2021, up by 42% year-on-year from the levels in the corresponding period of 2020. China imported 7.38Mt (50%) of Vietnamese cement exports, up by 53% year-on-year. The Philippines imported 2.51Mt (17%), up by 17%, and Bangladesh imported 1.87Mt (13%), up by 38%.
The Viet Nam News newspaper has reported the total value of Vietnamese cement exports for the period as US$563m. China’s value of Vietnamese cement imports was US$258 (46%), the Philippines’ was US$112m (20%) and Bangladesh’s was US$63.1m (11%).
Pakistan: Bestway Cement has provided details of its upcoming 7200t/day-capacity Paikhel cement plant in Mianwali district, Punjab province. China-based Sinoma International Engineering Company will supply engineering, procurement and construction for the plant. The plant will have a 9MW waste heat recovery (WHR) plant.
Pakistan: Descon Engineering says it has been awarded the construction contract for Maple Leaf Cement’s new 7000t/day production line at its integrated Iskanderabad plant. Line 4 is scheduled to be commissioned in mid-2022. China-based Chengdu Design & Research Institute of Building Materials Industry was awarded the equipment and engineering contact for the project in April 2021. Descon Engineering previously contributed towards the work on Line 3 at the unit in conjunction with Denmark-based FLSmidth in 2019. No value for the order has been disclosed.
Mozambique: Chinese West International Holding subsidiary Dugongo Cement has inaugurated its 2.0Mt/yr integrated Matutuine cement plant in Maputo province. The unit had an investment of US$330m, according to the Mozambique News Agency. The site includes a captive 36MW charcoal-fired power station and a residential complex for some of its 300 permanent staff.
President Filipe Nyusi said, “The Dugongo Cement plant will improve the economy of the cement industry, because it will reduce the import of inputs such as clinker."
China: China National Building Material has amended the funding arrangements for an upcoming joint venture of its subsidiaries China United Cement and Henan Investment Group. Reuters has reported that China United Cement will now contribute US$937m to the joint venture’s registered capital, while Henan Investment Group will contribute US$622m.
China: China Resources Cement has appointed Jing Shiqing as its vice president.
Jing joined China Resources Cement in 2003 working in various production technology, human resources management and administration management. He became the Deputy General Manager of the Human Resources Department in 2018 and became a non-executive director of the company in the same year. Jing holds a bachelor's degree in engineering from the Changsha University of Science and Technology and a master's degree of business administration from the Nanjing University.
Vietnam: SSI Research has predicted that Vietnamese cement exports will not grow in 2021. The reason for this is the expected stabilisation of China’s domestic cement supply, which is forecast to increase its share of the market. The Viet Nam News newspaper has reported that China accounts for 57% of Vietnamese cement and clinker exports. Other factors restricting export growth are safeguard duties in Bangladesh and the Philippines and the Vietnam government’s mandatory minimum domestic sales regulations, variously between 65% and 70% of total output.
Taiwan: Taiwan Cement’s revenue rose by 11.3% year-on-year to US$788m in the first quarter of 2021. Its income increased by 11% to US$119m. It attributed this to profit growth in its cement businesses in Taiwan and Europe despite ‘weak’ sales prices in China.
Chairman Nelson Chang said, “To reduce carbon emissions, using alternative fuel and material for cement production, adopting renewable energy, and expanding energy storage usage are crucial and Taiwan Cement aims to play our role in helping society achieving the goal of a low carbon environment.” In 2020 the group processed over 9Mt of alternative fuels in its Greater China business.
Kenya: The Competition Authority of Kenya has granted China-based Zou Fengqi and Oman-based Raysut Cement exemption from regulatory approval on a recent application in line with competition guidelines. The Business Daily newspaper has reported that the application stated that Zou Fengqi plans to acquire a 60% stake in Raysut Cement’s business in East Africa.
Raysut Cement operates grinding plants in Mogadishu, Somalia and Somaliland.