Wannianqing Cement sales up 2.22Mt, China

Wannianqing Cement sales up 2.22Mt, China
15 September 2011

Jiangxi Wannianqing Cement said cement sales in the first eight months rose 2.22Mt YoY to 11.02Mt, reports Oriental Morning Post, citing a company filing.

The average selling price of the company’s cement in August rose 41 per cent YoY to CNY331/t.

The company’s sub-affiliate, Jiangxi Nanfang Cement, raised cement prices by CNY20/t from September 10. The listed company currently holds a 1.4 per cent stake in the sub-affiliate’s parent, Nanfang Cement.

During the first half, the listed company obtained dividends of CNY43.99m from Nanfang Cement.
Published under Cement News