Recently, Western Cement released its interim results for 2024. In the first half of 2024, the revenue of Western Cement was RMB3.702 billion, representing a year-on-year decrease of 15.8%; the gross profit was RMB985 million, representing a year-on-year decrease of 20.2%; the profit before interest, tax, depreciation and amortization was RMB1.284 billion, representing a year-on-year decrease of 15.4%; the profit attributable to owners of the Company (net profit attributable to parent company) was RMB387 million, representing a year-on-year decrease of 27.3%.

2024-08-20

Yufeng Group and Lujian Group signed a strategic cooperation agreement, which will deepen cooperation in raw material supply, market expansion and other fields, jointly promote technological innovation and industrial upgrading, and help Guangxi's economic development.

2024-08-19

It is understood that in November 2023, the Jiangxi Office of Industry and Information Technology issued the announcement on the production capacity of Fenyi Conch Cement Co., Ltd. with a daily output of 4500 tons of cement clinker, saying that Fenyi Conch Cement Co., Ltd. intends to implement the overall relocation and technical renovation project of cement clinker production line from the city to the park, and will build a 4500t/d clinker production line, which will be built in the city. Withdraw from the company's original 2500t/d and 2000t/d clinker production lines. The project is planned to be ignited in June 2025.

2024-08-19

At the beginning of this month, the Fujian market just spread the news of price increase, and since August 6, the price of all kinds of cement has been raised by about 30 yuan/ton. Only 10 days or so, Fujian cement prices fell rapidly. On the one hand, the weak demand for cement, frequent high temperature and rainy weather, and the downturn of the real estate market make it difficult to form a strong support for the demand for cement. It is understood that in the first half of 2024, the investment in real estate development in Fujian Province decreased by 15.8% year-on-year, and the sales area of new commercial housing decreased by 22.7% year-on-year.

2024-08-19

Recently, Henan Zhonglian Tongli Material Co., Ltd. was renamed Henan Tianshan Material Co., Ltd. It is understood that in January this year, Yunnan Southwest Cement Co., Ltd. was renamed Yunnan Tianshan Cement Co., Ltd. and Guizhou Southwest Cement Co., Ltd. was renamed Guizhou Tianshan Cement Co., Ltd.

2024-08-19

Jilin Provincial Building Materials Association advocates that enterprises in the industry should establish a sense of fair competition, abide by market rules, maintain good order in the industry, and resolutely resist unfair competition. At the same time, enterprises in the industry should strengthen their own construction, pay attention to technological innovation and brand building, and improve the quality of products and services, so as to improve the core competitiveness of enterprises.

2024-08-19

Yin Zhisong fully affirmed the work of Sinoma Cement in the first half of 2024, pointing out that under the complex and changeable economic environment, all the cadres and staff of Sinoma Cement have made outstanding achievements. Faced with multiple challenges such as slow recovery of domestic demand for basic building materials and complex overseas situations, Sinoma Cement has achieved remarkable results in international development, business performance, management ability and Party building. Yin Zhisong deeply analyzed the new situation and challenges of the cement industry at home and abroad. He stressed that the current economic environment is in a cyclical change. Only by constantly learning and changing, can we accurately grasp the future development situation and implement the internationalization strategy.

2024-08-19

Recently, cement prices of some enterprises in Fujian have generally fallen back to the level before August.

2024-08-19

Cement output in the first half of the year was 85047 million tons, compared with 953 million tons in the same period last year, a decrease of 103 million tons or 10.76%. Sales of China Resources Building Materials Cement fell by only 2.9%, which has outperformed the market. Not to mention the sales volume of clinker, which rose against the trend, increased by 24.7%. In the downturn of the industry as a whole, Huarun Building Materials Technology has made such brilliant achievements, which may be related to the core market strategy of "grabbing share, keeping the bottom line, optimizing the structure and improving the status" set at the beginning of this year.

2024-08-19

Ma Weiping pointed out that over the years, China's per capita annual cement consumption has been around 1500 kilograms, and the current domestic actual market demand has been unable to maintain such a high cement consumption. In recent years, the demand for cement has been declining. In the next 10 years, cement demand will continue this trend. Ma Weiping said: "Referring to the per capita annual cement consumption of 400 to 500 kilograms in developed countries, we are still far away from them."

2024-08-19

Domestic construction conditions have not improved significantly, coupled with the small number of new key projects, the market demand is still relatively low, and the price of concrete has fallen more or risen less. From August 8 to August 14, the national concrete price index closed at 114.48 points, down 0.33% annually and 11.69% year-on-year.

2024-08-17

China Cement Net Market Data Center News: The price of commercial mixing in Northwest China is stable.

2024-08-16

Demand is still not ideal, and the price of concrete in southwest China is mainly weak and stable.

2024-08-16

Demand is still weak, and concrete prices begin to decline.

2024-08-16

With the improvement of construction progress in North China, the growth of market demand is still limited by the off-season.

2024-08-16

The imbalance between supply and demand in the Northeast market has increased the pressure of price decline.

2024-08-16

Driven by the rising price of raw materials, the price of concrete in the central and southern markets is stable and small..

2024-08-16

Due to the rainy weather in Zhejiang, the market demand is general, and the shipment volume is about 6-7%. In order to promote sales, some manufacturers reduce the price of cement, and try to push up the price to enhance market confidence, but the actual implementation remains to be observed. The overall market demand in Jiangsu has not improved significantly, with shipments hovering at 4-6% of normal production capacity. Manufacturers in southern Jiangsu have reduced prices for promotion, while the markets in northern and central Jiangsu are expected to face a downward trend.

2024-08-16

On August 13, Conch Cement announced that the company nominated Zhu Shengli and Yu Shui as candidates for executive directors of the ninth board of directors.

2024-08-16

On August 15, the design of safety facilities for the open-pit mining construction project of Wanbei Cement (Group) in Fangcheng County passed the national evaluation smoothly.

2024-08-16