Cement News tagged under: Anhui Conch
Anhui Conch attributable profit up 86%27 April 2017, Published under Cement NewsAnhui Conch Group’s net profit attributable to equity shareholders increased by 86.41 per cent YoY in the first quarter of this year to CNY2.153bn (US$312m). Operating profit rose by 139.4 per cent in the reporting period and total profits were up by 92.81 per cent. The increases were partly attributed to the YoY rise in sales volumes and selling prices of the group’s products. Revenues rose 28.58 per cent to CNY13.6bn in the first quarter of this year. Non-operating income decreased by... |
China: new economic zone to boost cement companies' shares06 April 2017, Published under Cement NewsWhen the Shanghai stock market opens on Wednesday next week it is expected to see cement company shares rocket on the back of the announcement of a new Chinese economic zone outside Beijing at Xiongan New Area. The special economic zone will be three-times the size of New York with apartments and wetlands in northern Hebei province. The zone will be 100km southwest of Beijing and will cover 2000km 2 and will be similar to the economic ones in Shenzhen and Shanghai. Queues of potentia... |
China: order and growth06 March 2017, Published under Cement NewsFollowing a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a positive note with cement inventories reported to be decreasing. This resilience is supported by improved producer discipline, increased cooperation between top players and robust government investment in infrastructure and housing. By Addison Dai, DBS Vickers, Hong Kong. China’s cement plants, such as Heidelber... |
Anhui Conch19 October 2016, Published under Cement NewsShares in Anhui Conch are being shorted at a level five times higher than that seen earlier in the year, prompting concerns over the future of cement share prices. China’s cement demand is currently being driven primarily by the country’s property market, which some analysts say is starting to cool off after a period of extreme growth. According to figures from the National Bureau of Statistics, however, new construction starts in China rose by 14 per cent in September, marking the fastes... |
China: Anhui Conch most shorted stock amid economic concerns07 October 2016, Published under Cement NewsShares in Anhui Conch have become the most shorted on the Hong Kong stock exchange as doubts grow over the sustainability of China’s property boom, Bloomberg reports. Disagreements over the future path of the Chinese property sector have led to Anhui’s shares being shorted at a level five times higher than was the case earlier in the year. While some investors are betting that a cooling property market will bring down the cement firm’s share price, other analysts think the company’s prosp... |
SDIC new projects in Indonesia08 September 2016, Published under Cement NewsState Development & Investment Corp (SDIC), China’s largest State-owned investment holding company by fund volume, has plans to expand its investment portfolio over the next five years, from cement factories to power plants, nickel ore mines and ports in Indonesia. The company recently began construction of the first phase of a new cement plant in West Papua last week, a 16-month project which represents a US$329m investment and aims to achieve a production capacity of 1.5Mta following co... |
Indonesia: Chinese plant begins production in West Papua30 August 2016, Published under Cement NewsA new cement plant funded by China’s State Development and Investment Corporation (SDIC) has begun operations in the Indonesian state of West Papua, China Daily reports. The 1.5Mta plant was designed by Anhui Conch and forms part of SDIC’s wider investment strategy in Indonesia. The plant was built at a cost of CNY2.2bn (US$329m) over a 16-month period. Li Bing, vice president of SDIC, said: "Restrained by weak industrial and logistics foundations in certain parts of Southeast Asia, ma... |
China: Anhui Conch profits down 29% for 1H201623 August 2016, Published under Cement NewsIn its trading statement for the first six months of 2016, Anhui Conch has reported that its net revenues fell one per cent YoY to CNY24bn (US$3.6bn), while profits slipped further, falling by 28.8 per cent to CNY3.4bn (US$506m). The company noted that while Chinese demand for cement continued to grow in the first half of 2016, intense competition and overcapacity had had a negative effect on profits. However, a 13.7 per cent fall in costs - driven by lower prices for raw material, power,... |
Anhui Conch22 July 2016, Published under Cement NewsAnhui Conch has missed out on the chance to acquire Lafarge India, despite its offer of INR95bn (US$1.4bn) coming in higher than the winning bid. A deal was finally struck with Nirma Ltd at INR94bn, but this remains subject to approval by the Competition Commission of India (CCI). The transaction includes three cement plants and two grinding station with a total capacity of 11Mta. A number of articles have examined why Anhui Conch was unsuccessful with one by Mint dismissing rumours that... |
Conch offer shows price just one factor in Lafarge deal14 July 2016, Published under Cement NewsChina’s Anhui Conch lost out in the race to acquire Lafarge India despite the fact that its offer of INR95bn (US$1.4bn) was higher than the INR94bn bid submitted by Nirma Group, the eventual winners. In an article published today, Mint examines some possibilities behind Anhui’s failure. The paper dismisses suggestions that the Competition Commission of India intervened directly to block its bid but does lend support to the idea that Lafarge was happier to reach agreement with a domestic f... |