Fujian reports losses due to heavy rains, China

Fujian reports losses due to heavy rains, China
Published: 23 June 2010

Chinese producer, Fujian Cement suffered losses of more than CNY20m due to the heavy rains on June 18, reports Yicai.com, citing a company filing on June 22.

The figure of CNY20m did not include indirect losses caused by the production halt.

The total loss to be incurred by Fujian Cement could not be finalized due to the continuing heavy rains. The company’s three cement factories in Shunchang and Yong’an in Fujian province were affected by the rains.

Fujian Cement predicts that it would take five to 10 days for Lianshi Cement Factory to resume production. A return to normal operations for railway transportation is expected to take between 10 to 15 days.