Displaying items by tag: China

Production in 2012: China built 124 new dry-process cement production lines and added 160Mt of cement clinker production capacity in 2012, according to the China Cement association. China had 1637 dry-process cement production lines with a production capacity of 1.6Bnt/yr of clinker by the end of 2012.

Sichuan Province in south-western China has seen its cement output climb by 2.02% year-on-year to 130Mt in 2012, according to the local Statistics Bureau. In 2012, Sichuan's cement industry recorded US$7.68bn in total output value, a year-on-year increase of 1.87%. Meanwhile, the industry's profit rose by 0.81% year-on-year to US$0.44bn.

North China's Hebei Province's cement output reached 128.1Mt in 2012. The province's building materials industry recorded US$1.7bn in profit in 2012, a year-on-year decrease of 21.8%.

East China's Jiangxi Province saw its cement output increase by 10.2% to 76.4Mt in 2012, according to the local branch of the Ministry of Industry and Information Technology.

Sinoma: Sinoma International Engineering has announced that the company plans to invest US$25.2m to set up a subsidiary in Hong Kong. The Hong Kong unit will acquire a 68% stake in the India-based cement firm, LNV Technology. Sinoma International said that the acquisition will increase its competitiveness in India's cement engineering market.

Separately, Sinoma estimated that the company's net profit for 2012 will decrease by 50% year-on-year in 2012, compared with a profit of US$247m in 2011.

Company news: Shanghai-listed cement and clinker producer, Xishui Strong Year Co Ltd Inner Mongolia, has estimated that the company's net profit will surge by 590% on-year in 2012, compared with a profit of US$1.51m in 2011.

Fujian Cement Inc expects to earn US$4.17m to US$4.98m in net profit in 2012, a year-on-year decrease of 79.2% to 75.27%.

Henan Tongli Cement Co Ltd, a Shenzhen-listed cement producer, has estimated that its net profit for 2012 will be between US$23.9m and US$28.6m, a year-on-year decrease of 26.1% to 38.1%. Tongli Cement earned US$38.7m in net profit in 2011.

Kyrgyzstan: During the visit of Kyrgyz Deputy Prime Minister for Economy and Investment Tayirbek Sarpashev's to China, an agreement has been reached with Chinese investors to build a cement plant in Kemin.

The plant's capacity will be 1.8Mt/yr or 2500t/day. The construction period of the plant should take from one year to 18 months. Investments are expected of more than US$50m. It is planned that construction will begin in April 2012.

"It covers our volume and will lead to lower prices in the market and will substantially reduce the cost of construction in the north of Kyrgyzstan," said Sarpashev.

China: Huaxin Cement, a Shanghai-listed cement manufacturer, has plans to acquire a 70% stake in two separate cement companies located in Hubei Province at a combined price of US$83m, according to sources reported by China Business Newswire. Huaxin Cement said that the acquisition will increase its competitiveness in the local cement market.

China: China's 12 ministries, including the Ministry of Industry and Information Technology, released a joint restructure plan on 22 January 2013 to promote efficiency in the cement industry.

Under the plan, China's top 10 cement manufacturing enterprises will account for 35% of industrial concentration by 2015. The plan calls for three to four leading cement clinker producers to have a capacity of 100Mt/yr by 2015.

In addition, China will encourage cross-regional and cross-ownership mergers and acquisitions among its major cement manufacturers.

China: Jiangxi Wannianqing Cement, a Shenzhen-listed producer of cement and clinker, has estimated that the company's net profit has decreased by 60-70% year-on-year in 2012 compared to a net profit of US$81.4m in 2011. The company made the announcement in a performance forecast that was released on 14 January 2012.

China: According to data released by the Beijing Municipal Environmental Protection Bureau on 13 January 2013 one cement production line was suspended at the Beijing Cement Plant due to air pollution in Beijing. The move followed measurements of particulate matter smaller than 2.5μm (PM_2.5) over 900µg/m³ in several districts of the city on 12 January 2013, the highest level recorded since Beijing began publishing the data in early 2012. The World Health Organization considers the safe daily level to be 25µg/m³.

According to data released by the Bureau on 13 January 2013 in addition to the Beijing Cement Plant closure, 54 businesses in Beijing had cut their emissions by 30%, 28 construction sites had stopped foundation work and Beijing Hyundai Motor Co temporarily halted production. The smog also caused the cancellation of at least 25 international and domestic flights to and from Beijing Capital International Airport. Hospitals in Beijing and in the provinces of Hebei and Hubei have reported a rise in the number of patients with respiratory conditions during the period according to local media.

China: TCC International Holdings has reported that it has signed an agreement with Southwestern Cement, a subsidiary of China National Building Material Group Corp (CNBM), to 'increase cooperation on several businesses'.

According to agreement, TCC will buy cement assets in Sichuan Province from Southwestern Cement for US$8.52m to expand its share of the local market, while TCC will sell its cement assets in Guizhou Province to Southwestern Cement for US$17.8m. TCC will earn US$137m in profit from the deal and will use the profit to replenish working capital and fund future acquisition projects.

China: China Resources Cement (CRC) has announced that it has agreed to acquire a 100% equity stake in Hainan Wuzhishan Dajiangnan Cement Limited at a total of US$8.4m. Hainan Wuzhishan Dajiangnan operates a 0.6Mt/yr cement grinding line in Maoyang Town, Wuzhishan City, Hainan Province.

CRC says that the acquisition will expand the strategic locations of its business and strengthen its market position in Hainan Province.

China: The chairman of West China Cement, Zhang Jimin, has said that West China's production capacity reached 23Mt/yr in 2012. Zhang added that the group plans to invest US$321m through mergers and acquisitions to increase production capacity to 30Mt/yr by 2015.

Hebei Province-based cement producer, Tangshan Jidong Cement has said that the company plans to set up a joint-venture (JV) with two cement firms in Mizhi County, Shaanxi-province. The JV will build a 2000t/day cement-clinker production line to expand the local cement market. Jidong Cement will pay US$15.7m for a 61% stake in the JV, which will have a registered capital of US$25.7m.

China Resources Cement Holdings, the largest cement producer in South China, said that its investment subsidiary will set up a JV with a local cement company in An'shun City, Guizhou province. The JV will have a registered capital of US$45m. China Resources Cement will invest US$28.1m in cash to hold a 62.5% stake in the JV while in the first phase, the An'shun company will take a 37.5% stake by providing properties and other assets worth US$17m. After completion, China Resources Cement will spend US$7.86m buying a 17.5% stake in the JV from the An'shun company, increasing its stake in the JV to 80%.

China: The Xinjiang Uyghur Autonomous Region in north west China produced 35.1Mt of cement in the first 10 months of 2012, a year-on-year increase of 24.8%, according to the local statistics bureau.

From 1 January 2012 to 31 October 2012, Xinjiang saw the output value of its cement industry output come to US$1.93bn, a year-on-year increase of 0.9%. However, the industry earned just US$170m in profit, a year-on-year decline of 58.6%.

The region's government says that the region's cement production capacity is likely to exceed 90Mt/yr in 2013.

Meanwhile, Japan's Taiheiyo Cement Corp. has announced that it has agreed with a Chinese chemical maker to set up a 1.2Mt/yr cement plant in Xinjiang. The joint venture, to be known as Xinjiang Tianye Taiheiyo Building Material Company, will start cement production in November 2014.

The new company will be owned 40% by Taiheiyo Cement (China) Investment Corp., a Beijing-based unit of Taiheiyo Cement and 60% by the Chinese partner, Xinjiang Tianye (Group) Co.