Cement News tagged under: Asia Cement

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Asia Cement 1H profit plunges, China

06 August 2015, Published under Cement News

Asia Cement (China) said its profit attributable to owners for the six months ended 30 June 2015 plunged 97.4 per cent YoY to CNY9.85m, attributable to the decrease in average selling price of the company's products. The revenue was CNY3006m, a decrease of 23.1 per cent from a year earlier. The gross profit margin on revenue dropped to 14 per cent from 24 per cent.

China: Asia Cement gives 1H net profits warning

27 July 2015, Published under Cement News

Asia Cement said it expects to record a substantially lower net profit for the six months ended 30 June 2015 as compared with the same period in 2014. The decrease in net profit in first half of 2015 was primarily attributable to the decrease in average selling price of the company's products compared with that of the corresponding period of the previous year. It is expected the interim results announcement will be issued by the end of August.

Asia Cement issues profit warning, China

28 April 2015, Published under Cement News

Asia Cement (China) said it expects to record a substantially lower  – over 95 per cent – net profit for the first quarter of 2015 compared with the same period of last year. The expected decline is being primarily attributed to the decrease in average selling price of the company's products compared versus that of last year. Its quarterly results announcement will be issued by the end of April.

Asia Cement in renewable energy schools project, Thailand

07 April 2015, Published under Cement News

Asia Cement, part of the Italcementi Group, has initiated the "25 Renewable Energy Schools Project" as part of the Thai cement producers corporate social responsibility, environmental and energy efforts. The project involves the installation of 4kW on-grid solar PV rooftops to be used alongside electricity distributed by the Provincial Electricity Authority (PEA) in 25 small and medium- sized schools. They are situated around three cement plants in Phra Phutthabat district located in Sarabu...

Asia Cement (China) expects 30% rise in nine-month profit

13 October 2014, Published under Cement News

Asia Cement (China) Holdings Corp said Friday its profit for the nine months ending in September is expected to increase 30 per cent YoY. The company said in a statement that the increase is mainly due to a rise in sales volume and price of the company's products when compared with the same period last year. Asia Cement recorded a profit of CNY390.8m (US$63.8m) in the first nine months of 2013.

Asia Cement anticipates pick-up in Thai demand

10 October 2014, Published under Cement News

Thailand-based producer Asia Cement said it expects a pick-up in demand from late this year and into 2015 due to the government’s stimulus package and the launch of infrastructure projects. The Italcementi-group company forecasts Thai consumption for full-year 2014 to be on a par with last year’s figure of 34Mt. A five per cent increase is projected for next year. Managing director of Asia Cement, Roberto Callieri, told the Bangkok Post that while Asia Cement had faced challenging times s...

Asia Cement (China) first-half profit rises

07 August 2014, Published under Cement News

Asia Cement (China) said its profit attributable to owners for the six months ended 30 June 2014 rose 49.7 per cent YoY to CNY383m (US$62m). Revenue increased by 23 per cent YoY to CNY3.91bn. The gross profit margin on revenue rose to 24 per cent from 18 per cent. The growth in net profit was mainly attributable to the increase in sales volume and average selling price of Asia Cement's products versus the comparative period of last year. Cement and clinker sales rose 14 per cent YoY to ...

Asia Cement completes Sichuan Lanfeng acquisition, China

01 August 2014, Published under Cement News

Asia Cement (China) Holdings has completed the acquisition of a 100 per cent holding in Sichuan Lanfeng Cement at a consideration of CNY968m (US$156.7m) on Wednesday. Sichuan Lanfeng becomes an indirect non-wholly-owned subsidiary of the company. The 100 per cent equity is held by Asian Cement unit Sichuan Yadong Cement.

Asia Cement targets increased market share

17 June 2014, Published under Cement News

Asia Cement Corp said it plans to boost its market share in the provinces of Hubei, Jiangxi, Sichuan and Jiangsu, the company disclosed at its annual shareholders’ meeting. Through mergers and acquisitions, it aims to increase market share to above 30 per cent in five major Chinese cities: Wuhan, Nanchang, Jiujiang, Chengdu and Yangzhou. The Taiwanese producer is looking to acquire factories in Wuhan that can produce 568,000tpa of cement and plants in Nanchang with a capacity of 240,000tpa...

Asia Cement (China) reaches Sichuan purchase deal

18 April 2014, Published under Cement News

Asia Cement (China) Holdings Corp, the Chinese unit of Taiwans second-biggest cement maker, has reached a share purchase deal with Sichuan Lanfeng Cement Co. In a filing with the Hong Kong Stock Exchange, Asia Cement (China) said it had acquired 100 per cent of the equity interest in Sichuan Lanfeng for CNY2.005bn (US$322.25m) through its wholly-owned subsidiary Sichuan Yadong Cement Co.Upon the completion of the acquisition, Sichuan Lanfeng will become a wholly owned subsidiary of Sichuan...