Connect with us

Economy & Market

China Resources Cement 1H15 reports decline in turnover

Published

on

Shares

China Resources Cement has reported its 1H15 results, which show a decrease in turnover of 11.6 per cent to HK$13.4 billion. Commenting on the results, Zhou Longshan, Chairman of the company, said: "In the first half of 2015, the Chinese government continued to adopt prudent monetary policy and proactive fiscal measures to maintain economic growth within a reasonable range. During the period, the Chinese government accelerated the approval of infrastructure projects and actively promoted the "public-private partnership" model, extensively covering industries."
China Resources Cement sold 34.8 mt of cement in 1H15 and 2.7 mt of clinker. This represents a decrease of 11.3 per cent and 21.6 per cent, respectively, over the previous year. Guangdong and Guangxi remain the group?s core markets, accounting for 41,1 per cent and 28.1 per cent of cement sales, respectively. Selling prices decreases about 16.4 per cent over the period, while concrete prices increased 4.2 per cent y/y, as a higher proportion of sales volume were from the Hong Kong market where prices are relatively higher.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

Holcim UK drives sustainable construction

Published

on

By

Shares

Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

Image source:holcim

Continue Reading

Concrete

GCCA releases LCR system

Published

on

By

Shares

The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

Image source:highways.today

Continue Reading

Concrete

FLSmidth opens eco-friendly plant in Casablanca

Published

on

By

Shares

FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

Continue Reading

Trending News