Cement News tagged under: Anhui Conch Cement
Conch to begin Ulyanovsk plant construction in 201828 June 2017, Published under Cement NewsAnhui 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 construction28 March 2017, Published under Cement NewsRepresentatives 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 agreement21 July 2016, Published under Cement NewsAnhui 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... |
China: West China Cement to agree to Anhui Conch ownership24 May 2016, Published under Cement NewsYesterday, shares in West China Cement rose nearly six per cent on news that a sufficient majority of option-holders had agreed to an acquisition by largest listed Chinese peer, Anhui Conch Cement, reports the Australian Financial Review. The deal should have the government's blessing as further consolidation is needed in the sector. Last week, the State Council reiterated its desire for a more concentrated industry. It wants the top 10 players to control three-fifths of capacity by 2020. ... |
Anhui Conch sees growth in overseas markets01 April 2016, Published under Cement NewsAnhui Conch recently released its FY15 results with an considerable profit fall of 32 per cent. Despite being a leading Chinese cement producer the company has certainly felt the impact of a decline in cement consumption in its domestic heartland. However, the company is already looking overseas in anticipation of better signs from its new outreaches in Indonesia and Myanmar. While there has been a trend for Chinese turnkey suppliers to expand their reach abroad, it has taken longer for t... |
Fitch: West China Cement's weaker operating results outweighed by Anhui Conch's takeover18 March 2016, Published under Cement NewsFitch Ratings believes West China Cement Ltd's weaker operations – as reflected in the 2015 results – is outweighed by its pending takeover by Anhui Conch Cement Company Limited (Conch, A-/Stable). Fitch's Rating Watch Positive on WCC is driven by the potential further integration between Conch and WCC, which will be resolved once the transaction is completed. WCC's performance in 2015 was a reflection of the weak cement market throughout the year. Its EBITDA margin narrowed to 26.6 per c... |
China: Anhui Conch Cement chairman retires07 December 2015, Published under Cement NewsAnhui Conch Cement Co said Friday chairman Guo Wensan is resigning as he has reached the retirement age. The Hong Kong-listed company said Vice Chairman Wang Jianchao will assume the chairman's duties until a new chairman is elected by the board. |
Moody's assigns first-time A3 rating to Anhui Conch Cement12 August 2015, Published under Cement NewsMoody's Investors Service has assigned a first-time A3 issuer rating to Anhui Conch Cement Company Ltd. The rating outlook is stable. "Conch's A3 rating reflects its leadership in the domestic cement industry, as demonstrated by its large production capacity and distribution networks, its strong earnings and ample cash flows, as well as sustained low debt leverage and disciplined capital spending throughout the industry cycle," said Franco Leung, a Moody's VicePresident and Senior Analyst. |
Conch reportedly planning Russian investment11 August 2015, Published under Cement NewsAnhui Conch Cement Co of China is planning to build a 2Mta a cement plant in the Ulyanovsk region of Russia, local press report. The estimated investment in the project is US$300m, according to Esmerk Russian News. |
Conch reduces shareholding in two producers08 July 2015, Published under Cement NewsAnhui Conch Cement has sold its shares in Xinjiang Qingsong Building Materials and Chemicals Group and Tangshan Jidong Cement Co in the April-June 2015 period, according to Reuters. The disposals amounted to a net profit of US$217m, the report added. |