The country's cement output stood at 1.69 billion t, up 6.9% y/y in the first 9 months, according to the Ministry of Industry and Information Technology (MIIT).
During this period, the sector garnered a total operating revenue of ¥719.9 billion (approximately US$102.2 billion) up 14.3% y/y, the MIIT said.
The sector's combined profit surged 25.3% y/y to reach ¥131.8 billion, with the profit growth outpacing that of the overall industrial sector by 27.4 percentage points.
Cement price saw continuous drops during the January – August period of 2019, with the August cement price index falling 6.3% from January. The cement industry has made progress in cutting overcapacity through deepening supply-side structural reform and will promote high-quality development in the future, according to the MIIT.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
In GlobalData’s recent quarterly construction update, the forecast for Argentina’s construction industry was revised downwards, with output now expected to contract by 23.5% in 2020 and -5.4% in 2021.
