Cement News tagged under: Anhui Conch Cement

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Big Asian producers in the frame for Holcim Philippines acquisition

28 March 2019, Published under Cement News

China's Anhui Conch Cement Co and Japan's Taiheiyo Cement Corp have been invited to the next round of bidding for LafargeHolcim's Holcim Philippines Inc, along with Eagle Cement Corp. Shares of Holcim Philippines have risen more than 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, says Bloomberg. Holcim Philippines has also attracted interest from China Resources Cement Holdings Ltd and Hongshi Group Co, reports Bloomberg. Meanwhile, Holcim Philippines In...

Anhui Conch orders four bulkers from Jiangdong Shipyard

31 December 2018, Published under Cement News

Anhui Conch Group has placed an order at Sinotrans & CSC affiliated Jiangdong Shipyard for the construction of four 12,500dwt bulk carriers. The vessels are scheduled for dleivery in 2020.

Anhui Conch seeks finance for Ulyanovsk plant

31 January 2018, Published under Cement News

Anhui Conch Cement Company Ltd requires US$500m from financial institutions to bring its plan for a cement in Russia to fruition, according to Xu Yue, Anhui Conch's minister of equipment. Anhui Conch Cement signed an agreement with Ulyanovsk Oblast Development Group to develop the project together on 19 July 2016 and a joint venture was agreed in December 2016. Anhui Conch concluded that Ulyanovsk State's cement project was the best of a number of possible cement projects along the Federal...

The WCA welcomes Anhui Conch Cement as a member

18 January 2018, Published under Cement News

The World Cement Association (WCA) announced today that Anhui Conch Cement Company, also known as Conch Cement, has joined the global organisation as a founding member. The WCA now represents more than 1bnt of cement production capacity with its members from 35 countries. "Conch Cement's efficient operation and pioneering management and its efforts to work towards the sustainable development of the cement industry makes them a valuable partner and we are delighted to welcome them as a fou...

Anhui Conch to resume Indonesian project with US$240m credit

27 November 2017, Published under Cement News

Anhui Conch Cement has issued guarantees for loans likely to include US$90m facility provided by the company’s Indonesian branch, according to Anhui Conch investor relations. This is in addition to the 10-year US$151.5m loan applied for by its subsidiary Pabrik Semen China Conch from the Export-Import Bank of China (EIBC) in support of the planned resumption of the development of Pabrik Semen China Conch in Inobonto, North Sulawesi. The project, which the Chinese cement producer initiated...

S&PGR upgrades Anhui Conch Cement

06 September 2017, Published under Cement News

S&P Global Ratings (S&PGR) today raised its long-term corporate credit rating on Anhui Conch Cement Co. Ltd. (Conch Cement) to 'A' from 'A-'. The outlook is stable.   "We raised the rating on Conch Cement because we expect the company to continue to lower its financial leverage over the next 12-24 months owing to a likely improvement in its operating efficiency and a disciplined approach to investment and expansion," the rating's agency said.   In its base case, S&PGR expect Conch Cement's ...

Anhui Conch Cement Co revenue up 33.1%

22 August 2017, Published under Cement News

Anhui Conch Cement Co Ltd said revenue for the first six months ended 30 June 2017 increased by approximately 33.1 per cent YoY to CNY31,907.92m (US$4794m). Profit attributable to equity shareholders amounted to CNY6.7bn, representing an increase of approximately 100.64 per cent over the corresponding period of last year. The company attributed the boost to a ‘significant’ increase in prices and continued discipline with production and operation costs. During the period the group real...

Conch to begin Ulyanovsk plant construction in 2018

28 June 2017, Published under Cement News

Anhui Conch Cement of China plans to begin construction of a cement plant in Russia's Ulyanovsk region, in spring 2018, local media have reported citing the press office of the region’s Russian Development Corp. "At the moment, a legal entity has been established and the first staff recruited to coordinate all activities carried out under the project. The design work has begun. In spring of the next year, the company plans to start construction,” Sergey Vasin, director of the Ulyanovsk Reg...

Anhui Conch in talks on Uzbekistan plant construction

28 March 2017, Published under Cement News

Representatives of China’s Anhui Conch Cement Co of China have visited Uzbekistan to discuss cooperation with local construction and production company Umar regarding the implementation of a cement plant in Samarkand, Novosti Uzbekistan news agency reported. Zhao Weiqiang, a senior official of Anhui Conch, said the company is looking to establish a footprint in central Asian countries, adding: “We have the intention to build here a cement plant with annual production capacity of 2Mt of cem...

Russia: Anhui Conch signs Ulyanovsk plant agreement

21 July 2016, Published under Cement News

Anhui Conch Cement is planning to build a greenfield cement plant with a capacity of 5000tpd and an investment of US$500m in Ulyanovsk, Russia. The project will see the construction of a cement plant in the Terengulsky district of the Ulyanovsk region. According to Sergey Morozov, interim governor of the Ulyanovsk region, the agreement became a sort of a quality mark of an investment climate of the region. The governor’s press office indicates that the negotiations with the Chinese party...