Cement News tagged under: Gansu Qilianshan Cement Group
Chinese producers counting profits09 July 2014, Published under Cement NewsCement makers in China saw a resumption in profit growth last year thanks to a combination of improved construction activity, low production costs due to weak coal prices and the government's push to close some inefficient producers. China produced 908.5Mt of cement in the first five months of this year, up 4.1 per cent from a year earlier, official data showed. Wannianqing Cement Co Ltd said it expected its profit to rise by as much as 100 per cent as average prices of its products rose, j... |
Gansu Qilianshan quarterly net loss widens, China25 April 2014, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd saw its net loss widen to CNY84.94m in the first quarter of 2014, compared with a deficit of CNY73.63m in the corresponding period of 2013, according to a statement by the company. The northwest China cement manufacturer attributes the decline to growing operational costs in the first three months of the year. |
Gansu Qilianshan Cement sales up 29%15 March 2013, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd sold 15.25Mt of cement and cement clinker in 2012, representing a YoY increase of 29.16 per cent, sources reported. The company currently has a cement production capacity of 21.3Mta which it aims to raise to 45Mta by the end of 2015. |
Gansu Cement to raise RMB1.68bn via rights issue22 November 2012, Published under Cement NewsGansu Qilianshan Cement Group Co plans to raise up to RMB1.68bn via a rights issue. The company will sell 142m shares to its shareholders at a ratio of three new shares for every 10 held at RMB6.26/share. Proceeds from the issue will be used to repay bank loans and replenish working capital. |
Gansu Qilianshan to build joint venture in Tibet, China21 September 2012, Published under Cement NewsGansu Qilianshan Cement Group Co., Ltd. September 18 announced that the company plans to join forces with a partner to set up a cement 1.2Mta dry-process cement line in Tibet. The company will invest CNY168m, taking 60 per cent interest. |
Gansu Qilianshan hit by declining prices, China10 August 2012, Published under Cement NewsGansu Qilianshan Cement Group Co said that its net profit attributable to shareholders plunged 89 per cent YoY to CNY26.49m (US$4.2m) in the first half of this year due to a sharp fall in selling prices Basic earnings per share for the period were CNY0.06, less than CNY.52 it booked in the corresponding period of last year. According to a statement filed with Shanghai Stock Exchange, the company saw its operation revenue reached CNY1.86bn for the period, reflecting a YoY increase of 10... |
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