• Title/Summary/Keyword: Non-cement

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Chinese Corporate Leverage Determinants

  • Ferrarini, Benno;Hinojales, Marthe;Scaramozzino, Pasquale
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.1
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    • pp.5-18
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    • 2017
  • Total debt in the People's Republic of China surged to nearly 290% as a ratio to GDP by the second quarter of 2016, mostly on account of non-financial corporate debt. The outpouring of credit to stem the impact of the global financial crisis accentuated industrial overcapacity in traditional sectors, such as steel, cement, and energy, while feeding asset bubbles in the property, equity and bond markets. At the Chinese corporate level, this has translated into weakened fundamentals and a fall in industrial profits, particularly of SOEs. As debtors struggle to service interest payments, non-performing loans (NPLs) have been on the rise. This paper assesses the financial fragility of the Chinese economy by looking at risk factors in the non-financial sector. We apply quantile regressions to a dataset containing all Chinese listed companies in Standard & Poor's IQ Capital database. We find higher sensitivity over time of corporate leverage to some of its key determinants, particularly for firms at the upper margin of the distribution. In particular, profitability increasingly acts as a curb on corporate leverage. At a time of falling profitability across the Chinese non-financial corporate sector, this eases the brake on leverage and may contribute to its continuing increase.

Traditional approach with ceramic (임상가를 위한 특집 2 - 심미 수복 - 같은 결과, 다른 접근 세라믹을 이용한 전통적인 접근법)

  • Lee, Seung-Kyu
    • The Journal of the Korean dental association
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    • v.51 no.11
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    • pp.595-603
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    • 2013
  • The requirements for the successful treatment of all-ceramic restorations are not so different from the ones of conventional restorations. "The provisional restoration followed by an adequate tooth reduction and the accurately fitting prostheses with corresponding to final impression" can be the examples of them. Nevertheless, the one which all-ceramic restorations are distinguished from conventional restorations is the additional procedure of so called "bonding". In addition to the application of resin cement between "inner surface of restoration and outer surface of abutment", bonding technology can be also applied to the treatment process of "Post and Core" in particular if the abutments are non-vital teeth. Core build-up for all-ceramic crown is conducted with fiber post and tooth colored composite by considering the properties of the restorations transmitting light. We know well that a vital abutment is easier than a non-vital one to get the targeted goals for clinical success in connection with esthetics and structure. The creation of "Post and Core" with bonding technique is a decisive factor for a long-term success if the abutment is non-vital tooth with dentinal collapse. I would like to share my clinical experience about "post & core build-up and all-ceramic restoration bonding" out of several success strategies of all-ceramic crown with this presentation.

COMPARISON FOR THE RETENTION OF CASTING CROWN AND CEMENT THICKNESS FOLLOWING VARIOUS CEMENTS (수종의 세멘트에 따른 주조금관의 유지력 및 세멘트 두께의 비교)

  • Lee, Cheong-Hee;Jo, Kwang-Hun
    • The Journal of Korean Academy of Prosthodontics
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    • v.32 no.1
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    • pp.37-46
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    • 1994
  • The purpose of this study was to evaluate the effect of various cements on the retention of casting crown and the cement film thickness. To evaluate the retention of crown, thirty maxillary premolars were used and prepared to largely same dimension. According to the routine method, Non-precious metal crowns were made. The teeth and the metal crowns were divided into three groups and cemented under 5kg static pressure. Group I was composed of 10 teeth and 10 metal crowns and was cemented with zinc phohsphste cement. Group II was composed of 10 teeth and 10 metal crowns and was cemented with Panavia-EX cement. Group III was composed of 10 teeth and 10 metal crowns and was cemented with All-Bond & composite resin cement. After 5 days, the cemented specimens were mounted and the failure loads were measured by an Instron Universal Testing Machine. To evaluate the cement film thickness. 5 metal teeth and 5metal crowns from a prepared maxillary premolar were made. Two marks were flawed on the margin part of each surface at 4-surfaces of each specimen(one mark : crown, the other : metal tooth) and were measured the width with SEM photograph(80 sheets) before and after cementation(Panavia-EX, All-Bond cement, & ZPC) was made. Differences of the widths of marks between before and after were measured, and differences from 4-surfaces of a specimen cemented with a cement were measured and calculated. The results were as follows ; 1. There was a statistically significant difference between the failure loads of group III and the others(p<0.05). 2. There was a statistically significant difference between the cement film thickness of group III and the others(p<0.05).

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Strength Properties of Concrete using Non-Washed Recycled Coarse Aggregate (비세척된 재생 조골재 콘크리트의 강도특성)

  • 윤현도;김문섭;임경택;정수영;윤석천
    • Proceedings of the Korea Concrete Institute Conference
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    • 1998.10a
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    • pp.489-494
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    • 1998
  • This paper describes the possibility to reuse concrete waste produced by demolition of reinforced concrete structures as aggregate for concrete from the viewpoint of strength. Concrete rubble obtained from the demolished buildings at Taejon were crushing machine to reuse as coarse aggregate. The strength properties, such as compressive strength, splitting tensile strength, bending strength and shear strength, of recycled and normal concrete were examined and compared experimentally when water cement ratio was varied. From the results of this study, it was thought that in case of non-washed aggregate concrete, strength properties of recycled coarse aggregate is similar to that of normal concrete, In W/C 55%~45%, stress-strain curve of recycled concrete shows more stable than that of normal concrete, while in W/C 35%, it shows brittle behavior.

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Clinical approach with ceramic (간접심미수복을 부탁해 세라믹을 심미수복의 임상 접근)

  • Jeong, Chan-Kwon
    • The Journal of the Korean dental association
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    • v.54 no.1
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    • pp.21-26
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    • 2016
  • The requirements for the successful treatment of all-ceramic restorations are not so different from the ones of conventional restorations. "The provisional restoration followed by an adequate tooth reduction" and "the accurately fitting prostheses with corresponding to final impression" can be the examples of them. Nevertheless, the one which all-ceramic restorations are distinguished from conventional restorations is the additional procedure of so called "bonding". In addition to the application of resin cement between "inner surface of restoration and outer surface of abutment", bonding technology can be also applied to the treatment process of "Post and Core" in particular if the abutments are non-vital teeth. Core build-up for all-ceramic crown is conducted with fiber post and tooth colored composite by considering the properties of the restorations transmitting light. I would like to share my clinical experience about "silica based ceramic and non silica based ceramic restoration.

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Non-Stationary Moisture Distribution of Repaired Concrete Structures due to Hygral Transient Condition (대기 습도변화에 다른 콘크리트 보수체의 비정상적인 습도분포)

  • 윤우현
    • Magazine of the Korea Concrete Institute
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    • v.8 no.1
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    • pp.121-129
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    • 1996
  • 본 연구에서는 대기 습도변화에 의한 콘크리트 보수체(기층 콘크리트/보수 모르터)의 파괴현상을 조사하기 휘해서 보수체내의 비정상적인 습도분포를 계산하였다. 계산된 습도분포에 의해서 기층과 보수층 경계면 부위의 습도차이가 보수층 두께(0.5~2.5cm)와 보수작업전 기층 콘크리트 표면의 습윤처리시간(0~72hr)을 주요 변수로 하여 조사되었고, 이는 주로 시멘트 모르터로 보수된 접촉면이 없는 보수체에서 수행되었다. 계산 및 조사결과 보수층 두께가 감소하고 습윤 처리시간이 증가할수록 경계면 부위의 습도차이는 감소하는 경향을 보였고, 특히 보수후 습도차이가 음수값이 될 때의 시간을 하나의 수식으로 표시하였다.

An Experimental Study on the Measurement of Temperature and Thermal Stress of Wall Type Mass Concrete Structure (벽체형 매스콘크리트구조물의 온도 및 온도응력측정에 관한 실험적 연구)

  • 강석화;이용호;정한중;박칠림
    • Proceedings of the Korea Concrete Institute Conference
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    • 1995.10a
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    • pp.173-177
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    • 1995
  • Thermal cracks ard occured when thermal stress due to the hydration of cement exceeds the tensile strength of concrete. Since cracking causes poor durability of concrete, the effect of thermal cracking should be included for the desing and construction of massive concrete structures. In this study, an experiments are performed for the investigation of time dependent temperature and thermal stress of massive concrete structure at early ages. In order to measure temperatures and thermal stresses, concrete stress meter, embedded strain meter, non-stress meter, and thermocouples are used. Based on the analyses of measured thermal stress data, measured values by concrete stress meter are more reliable than those by embedded strain meter and non-stress meter, And measured values by concrete stress meter are compared with the calculated values by FEM program developed by DICT (DWTS2D). Calculated values by DWTS2D show good agreement with measured values.

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An Experimental Study on Freezing-Thawing Resistance of Concrete Using Ground Granulated Blast-Furnace Slag (고로슬래그 미분말을 사용한 콘크리트의 동결융해 저항성에 대한 실험적 연구)

  • 남용혁;최세규;김동신;김생빈
    • Proceedings of the Korea Concrete Institute Conference
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    • 1996.10a
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    • pp.148-153
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    • 1996
  • Concrete with ground granulated blast-furnace slag can be affected by frost attack because the reaction of hydration is slow at the early age. In this study, therefore, the freezing and thawing test has been carried out to investigate the freezing and thawing resistance on concrete with ground granulated blast-furnace slag. The freezing and thawing test has been performed on concrete a blended cement, which was substituted by ground granulated blast-furnace slag with 4 kinds of ratio (non-admixture, 20%, 40% and 60%). And also tested on concrete added the AE agents to the concrete of same mix proportion to search the improvement effects about the resistance. As a result, the freezing and thawing resistance showed a tendency of reduction in proportion to the increase of the substitution ratio. For non-AE concrete, resistances of the freezing and thawing were very poor as the durability index indicated less than 5.8%. For AE concrte, resistance of the freezing and thawing were excellent as the durability index indicated more than 80.9%.

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Comparative Study on the Hear of Hydration and Core Strength of the Underwater Non-Segregation Concrete Using Different Category of Cements (시멘트의 종류에 따른 수중불분리 콘크리트의 온도이력 및 코아강도의 특성에 관한 연구)

  • 이승훈;최응규;윤영수;원종필;노윤호
    • Proceedings of the Korea Concrete Institute Conference
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    • 1996.10a
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    • pp.380-386
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    • 1996
  • This paper presents the history of heat hydration and the core strength of underwater non-segregation concrete. Three types of cements including Type I, Type V and low-heat cement have been used to make the mass specimens for measurement of heat of hydration and also for coring. Two environments of ambient and underwater conditions have been accounted for the comparison of producing the heat of hydration and for the assessment of core strength in respect to the test specimens made under normal practice.

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The Changing Patterns of Demand-Supply and Role of Mineral Resources in Economic Growth during Industrialization of the Republic of Korea (한국공업화과정(韓國工業化過程)에서의 광물자원(鑛物資源)의 수급구조변화(需給構造變化)와 경제성장(經濟成長)에 있어서의 역할(役割))

  • Yun, Suckew
    • Economic and Environmental Geology
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    • v.18 no.1
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    • pp.65-92
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    • 1985
  • A total of 12 mineral commodities significant in domestic output, economy and/or strategy of the Republic of Korea are chosen to examine the structural changes in production and demand-supply of these minerals during the last two decades of her industrialization. These include iron and manganese ores as the raw materials for iron and steel making, copper, zinc and tungsten ores among other non-ferrous metallic minerals, limestone (cement), kaolin, talc, pyrophyllite and graphite among other non-metallic minerals, and anthracite coal as the only domestic source of fossil energy. These are reviewed historically in time-series based on the statistical data which are tabulated and graphed in terms of domestic output, export, import, apparent demand-supply, its increasing rate, and self-sufficiency rate of each commodity. The increasing rates of demand-supply (IRDS) of some more important commodities are compared with those of Gross Domestic Production (GDP) and Economic Growth Rate (EGR) to evaluate how the IRDS contributed to the GDP and EGR. The major results revealed are as follows: Among the 12 commodities, the domestic output of 8 commodities appeared to have grown with steady upward trends: they are ores of lead, zinc and tungsten, limestone (cement), kaolin, talc, pyrophyllite and anthracite coal. Two commodities, ores of iron and copper, continued with unchanging or slightly declining trends and varied fluctuations, in spite of their cardinal importance to the heavy industry and strategy of Korea. The remaining two, graphite and manganese ore, have gradualy declined in domestic output in which the former has still enough resource potential but the latter has not and virtually ceased its domestic output. Trade patterns for mineral commodities in the Republic of Korea during the last two decades have changed greatly, being marked by a shift from mineral-exporting to mineral importing, mainly because of increasing consumption of mineral raw materials for industrialization rather than beceuse of decreasing output of domestic mineral commodities in quantity. In terms of trade patterns, the 12 commodities concerned in this study can be classified into the following four groups. The 1st group - ores of lead and tungsten have only been exported without imports. The 2nd group - amorphous graphite, and pyrophyllite have mainly been exported but partly been imported. The 3rd group - kaolin, talc and crystalline graphite have equally been exported and imported, but quantity of imports have rapidly been increased with time. The 4th group - ores of iron, manganese and zinc have shifted from exports to imports during the industrialization, particularly owing to the initiation of iron and steel making by the Pohang Iron and Steel Company in the middle 1970' s and the new establishment of the Onsan Zinc Refinery in the late 1970' s. All of the 12 commodities under considerations were far above 100% in self-sufficiency rate before or in the early 1960' s. Recently, however, most of them have been declined to below 100% except for those of limestone (cement) and pyrophyllite. It is particularly serious to identify that the self-sufficiency rates of the three important metallic minerals, iron, copper and manganese ores in 1982 appeared to be 5.1%, 0.5%, and 0.01%, respectively. The average self-sufficiency rate of the total domestic minerals produced in 1982 was 14.4% (in value) for that year. Mining industry appeared to be extremely high in its intermediate demand rate whereas its intermediate input rate to be quite low indicating that mineral raw materials have been exerted strong forward linkage effects upon the other industries rather than backward linkage effects. In comparing the curves of increasing rates of demand-supply of several major minerals - iron ore, manganese ore, copper ore, limestone (cement), kaolin, and anthracite coal - with those of Gross Domestic Production and Economic Growth Rate drawn on every graph, it is clearly shown that the curves of increasing rates of demand-supply comprise around 6 to 7 periods of cycles which roughly harmonious with those of the curves of GDP and EGR, except for the curve of anthracite coal of which the configuration seems to have resulted from the (artificial) government's mineral policy rather than from economic free market mechanism. The harmonic feature of these curves well suggests that the increasing rates of demand-supply of major minerals have been significantly contributed to the GDP and EGR. In addition, the wider amplitudes of the iron, manganese and copper curves than those of the limestone (cement) and kaolin curves indicate that the contribution of the former, metallic commodities, has been greater than that of the latter, non-metallic commodities.

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