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Chai Hongjie appointed as chairman of Tongfang Kontafarma
09 September 2020China: Tongfang Kontafarma has appointed Chai Hongjie as its chairman. He succeeds Huang Yu, who will become the company’s president. The company, through its subsidiaries, mainly manufactures and sells cement, clinker and slag, trades cement and provides technical services with operations in Shandong province and Shanghai.
Chai, aged 46 years, has experience in corporate management and strategic planning for business development. He is currently the chairman of the board of directors of Shenzhen Waranty and a director of Shenzhen Huakong Seg. Prior to joining Tongfang Kontafarma group, Chai held positions as chairman of the board, directors and senior management in various companies and organisations, including the Changzhi Division of China Banking Regulatory Commission, Shanxi Guoxin Investment Group, Zhonghesheng Capital, Shanxi Financial Investment Holding Group and Shanxi Guotou Sports Industrial Group.
Chai obtained a bachelor’s degree in Economics from Department of Finance, Shanxi Institute of Economics (now known as Shanxi University of Economics) in 1996. He was qualified as an intermediate accountant in 1997.
China cement news in brief
19 June 2013National: China saw cement output increase by 8.9% year-on-year to 866Mt for the first five months of 2013, according to the recent data released by the National Bureau of Statistics. Cement output grew to 224Mt in May 2013, a year-on-year increase of 8.5%.
Regional: Shanghai saw cement output slide by 4.1% year-on-year to 0.77Mt in May 2013, according to the local statistics bureau. However, the municipality's cement output grew by 2.4% year-on-year to 3.05Mt for the first five months of 2013.
Hubei Province, in central China, saw cement output edge down by 0.6% year-on-year to 40.7Mt in the first five months of 2013, according to the Commission of Economy and Information Technology.
Corporate: Asia Cement (China) has said that it has agreed to provide US$68m in loans to Far Eastern New Century (China) Investment Limited from 17 June 2013 to 16 June 2014. The loans will be used for working capital by the borrower.
Jiangxi Wannianqing Cement posted a revenue of US$9.6m from product rebates, government grants and investment returns over the first five months of 2013, according to a company announcement. The company will count the revenue to its total profit for the first half of 2013.
China: Shanghai's municipal government has announced that it will stop cement production when air pollution reaches 'heavy' or greater levels. The plan may affect at least three cement plants in the Shanghai area. The move follows a similar plan in Beijing that was introduced in 2012.
According to the plan, emergency measures will be taken when the PM2.5 air quality index rises above 200µg/m3 for 18 hours and looks likely to continue. PM2.5 refers to the measurements of particulate matter smaller than 2.5μm and the World Health Organization considers the safe daily level to be 25µg/m3. The average density of PM2.5 in Shanghai for the first three months of 2013 was 73 µg/m3. China's daily limit is 75µg/m3 and its yearly limit 35µg/m3.
Other emergency measures include alerting the public, restricting production in highly-polluting industries and reducing the number of vehicles on the roads. In addition power plants will be required to use high-quality coal to reduce pollution, vehicles transporting construction materials and waste will be ordered off the roads and any construction work causing dust will be shut down.