Cement News tagged under: Anhui Conch

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Cosco Shipping Bulk signs logistics agreement with Conch

17 June 2019, Published under Cement News

Cosco Shipping Bulk has signed an agreement with Conch Logistics, the logistics business of China-based Anhui Conch Group. The two companies will jointly develop the cement logistics business, reports Splash 247. Anhui Conch ordered four 12,500dwt bulk carriers at Jiandong Shipyard with delivery scheduled in 2020. Cosco Shipping Bulk operates the largest bulker fleet in the world with total capacity of over 33mdwt.

Anhui Conch first to benefit from higher cement prices

03 April 2019, Published under Cement News

Cement supply has dropped in China after the crackdown on polluting industries. This has encouraged price increases and higher profits for cement manufacturers. Anhui Conch reported an 88.1 per cent jump in its net profits in 2018 to CNY29.8bn (US$4.43bn). The company's total revenue of CNY128.4bn increased by 70.5 per cent on its 2017 performance. Anhui Conch's profits equalled 25 per cent of the total profits of the top 10 cement companies in China over the last two years, says Caixin Glo...

Anhui Conch to set up distribution centre in Indonesia

02 October 2018, Published under Cement News

Anhui Conch Cement is seeking project finance for a US$105m cement transport centre in Palembang, Indonesia. The company plans to raise 80 per cent of the total investment via debt from international and Chinese banks.  The plans include a transportation and storage centre, with a berth for vessels of a 3000dwt capacity, which will import and export 400,000tpa of cement. The project is expected to be completed within 18 months.

Anhui Conch reports positive profit expectations

24 July 2018, Published under Cement News

The Board of Anhui Conch has announced it expects to record a YoY increase of CNY5373-6717m (US$788.3-985.4m) in its net profit attributable to equity holders for the six months ended 30 June 2018, prepared in line with PRC accounting standards). In 1H17 the company’s unaudited net profit attributable to equity holders reached CNY6717m while the net profit after extraordinary items attributable to equity shareholders reached CNY5123m. The company attributes the rise mainly to the signifi...

Anhui Tongling Conch temporarily suspends three production lines

13 June 2018, Published under Cement News

Anhui Tongling Conch Cement Co Ltd was required to suspend operations of a cargo pier in late May, according to a notice jointly issued by the Tongling Environmental Protection Bureau and Tongling Port and Shipping (Local Maritime) Bureau, China. Since the pier is an important channel for the shipping of cement and clinker products as well as the delivery of raw coal to the company’s cement plant, its suspension has resulted in a temporary halt at three of Tongling Conch’s clinker lines. Th...

DG Khan victim of fake news social media story

15 December 2017, Published under Cement News

DG Khan Cement Co Ltd asks for an investigation into fake news item that alleged it was selling company shares in a cement plant to Anhui Conch. The Pakistan cement producer informed Pakistan Stock Exchange (PSX) that a letter titled "material information" stating permission of due diligence to Anhui Conch Cement Co Ltd, China for acquiring 40 per cent shares of DG Khan Cement Co Ltd was a fabricated document circulated on social media/WhatsApp.  DG Khan Cement has neither issued any ...

Anhui Conch issues positive profit alert

26 July 2017, Published under Cement News

In its latest profit alert announcement, Anhui Conch Cement expects to have a significant improvement in results and record an increase of about 90-110 per cent in its net profit for the six months ended 30 June 2017 as compared to that for the corresponding period in 2016. Taking into account the holding of about 36.78 per cent equity interest in Conch Cement by Conch Holdings and the level of the Group's profit attributable to Conch Holdings for FY2015 and FY2016, the group is forecast ...

Shengli and Kaifa resign from Anhui Conch

07 July 2017, Published under Cement News

Qi Shengli, supervisor and chairman of the supervisory committee of Anhui Conch, has tendered his resignation from the company, according to a statement released on 30 June. His resignation will become effective upon the appointment of a new supervisor, the Chinese cement producer noted. In addition, Yang Kaifa has resigned as company secretary of Anhui Conch, effective 28 June 2017. Chiu Pak Yue Leo remains a company secretary. A replacement for Mr Yang is to be recruited. In the interim...

Anhui Conch attributable profit up 86%

27 April 2017, Published under Cement News

Anhui 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' shares

06 April 2017, Published under Cement News

When 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...