CRC announces surge in sales in 1Q18
Published by Jonathan Rowland,
Editor
World Cement,
China Resources Cement Holdings Ltd (CRC), a leading cement and concrete producer in southern China, reported higher year-on-year sales volumes of cement in 1Q18. Concrete sales were also up over the period.
Cement sales volumes totaled 16.52 million t of cement in 1Q18, compared to 14,60 million t in 1Q17. Concrete sales stood at 3.01 million t, compared to 2.56 million t last year. Clinker sales were down, however, at 1.18 million t, compared to 1.92 million t in 1Q17.
The increase was driven by demand in Guangxi province, which saw sales rise to 5.41 million t from 4.16 million t last year. Guangdong remained the largest consumer of CRC’s cement with sales of 6.41 million t, compared to 6.19 million t in 1Q17.
The price of CRC’s cement also rose dramatically from HKD298.3 per tonne in 1Q17 to HKD387.2 per tonne in the first three months of this year. As a result, turnover increased to HKD8.05 billion from HKD5.77 billion last year – an increase of 39.4%.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/25042018/crc-announces-surge-in-sales-in-1q18/
You might also like
thyssenkrupp Polysius wins engineering contract for world's largest activated clay plant in Brazil
thyssenkrupp Polysius wins engineering contract for the world’s largest activated clay plant in Brazil, to be largely powered by renewable electricity.