Displaying items by tag: China
Chongqing Conch cement plant named National Green Factory
09 November 2020China: The Ministry of Industry and Information Technology has named Anhui Conch Cement subsidiary Chongqing Conch’s integrated cement plant in Chongqing State a National Green Factory for its “resource conservation, recycling and harmonious development.”
The company says that its efforts include “implementation of precision denitrification, wet flue gas desulfurisation, belt corridor noise reduction, electricity conversion bags, rainwater collection and other environmental protection technology reforms,” as well as co-processing domestic waste from the city of Chongqing as fuel. The plant has also undergone greening, and its 30,000 new trees form a habitat for wildlife. It said that the scenery also “greatly enhances employees' sense of happiness and gain.”
Huaxin Cement plant named on National Green Manufacturing 2020 list
06 November 2020China: The Ministry of Industry and Information Technology has named Huaxin Cement’s Yangxin plant in Hubei province on its National Green Manufacturing 2020 list. The list includes industrial facilities that have taken successful measures towards sustainability and pollution reduction.
The company said that the plants have together invested US$15m in “dust collection system transformation, rain and sewage separation projects, mill sound insulation and noise reduction treatment, kiln bypass air release and other large-scale environmental protection projects, supplemented by “greening and cleaning” and tree planting.” It added that the plant processes 219,000t/yr of refuse-derived fuel (RDF), saying, “This signifies our successful transformation from a traditional cement company to a green and environmentally friendly building materials company.”
China National Building Materials reports sales fall and profit rise
02 November 2020China: China National Building Materials (CNBM) recorded operating sales of US$27.2bn in the first nine months of 2020, down by 1% year-on-year from US$27.4bn in the first nine months of 2019. Net profit rose to US$2.82bn, up by 22% from US$2.31bn.
The group said, “On 17 April 2020, the Company became the first batch of first-tier mature enterprises of the National Association of Financial Market Institutional Investors, and carried out unified registration of debt financing instruments (TDFI) (including but not limited to super short-term commercial paper, short-term commercial paper, medium-term debentures, perpetual debentures, asset-backed notes, green debt financing instruments) in the China inter-bank bond market, which were issuable in different types and separate tranches, with a registration term of two years.”
Huaxin Cement’s nine-month sales and profit drop
29 October 2020China: Huaxin Cement’s sales in the first nine months of 2020 were US$3.04bn, down by 9.2% year-on-year from US$3.35bn over the corresponding period of 2019. Net profit also dropped by 17% to US$660m from US$800m.
China: China Resources Cement’s nine-month profit for the period that ended on 30 September 2020 was US$954m, up by 28% from US$747m in the corresponding period of 2019. Reuters has reported that the company’s turnover was US$3.51bn, up by 1.7% from US$3.45bn.
China National Building Materials proposes restructuring of engineering subsidiaries
20 October 2020China: China National Building Materials has submitted a letter of intent of cooperation to its subsidiary Sinoma International Engineering, in which it proposes the sale of several engineering businesses to the latter. ET Net News has reported that the assets in question are under negotiation, but may include Beijing Triumph Building Materials, Nanjing Triumph International Engineering and Sinoma Mining Construction.
Bangladesh: Production at Premier Cement’s new plants at Narayanganj and Chattogram has been delayed until November 2020 due to the coronavirus pandemic. Mohammed Amirul Haque, managing director of the cement producer, said that the projects have been delayed due to the absence of some technical personnel from China and Denmark, according to the Daily Star newspaper. The units were originally scheduled to start commercial production in June 2020 but this is now expected to start in December 2020. Both plants have a combined budget of around US$150m. Denmark-based FLSmidth was reported to be supplying mills for the plants.
China: Gansu Qilianshan Cement has announced that it expects to record a profit of US$208m in the first nine months of 2020, up by 41% year-on-year from US$147m in the corresponding period of 2019, according to Reuters. It said the results would be in line with its growth trajectory thanks to a significant increase in demand towards the end of the first half of 2020.
Huaxin Cement predicts 44% nine-month profit drop in 2020
13 October 2020China: Huaxin Cement has published a figure for its predicted profit for the first nine months of 2020 of US$135m, down by 44% from US$241m in the first nine months of 2019. The company attributed the forecasted decline “mainly to the severe impact of the coronavirus epidemic in the first half of 2020 and the large-scale flooding in the River Yangtze in July.” It added, “The production and sales of the company’s leading products were greatly affected, and prices also fell, resulting in operating income decline.” The company noted that third-quarter profit is expected to increase by 5% year-on-year.
China Machinery Engineering wins Erbil cement plant contract
09 October 2020Iraq: China-based China Machinery Engineering has secured a contract for the establishment of an integrated cement plant in Erbil, Kurdistan. Dow Jones Newswire Chinese News has reported that the plant is scheduled for completion in April 2023, at a total investment cost of US$210m.