Cement News tagged under: Asia Cement

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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...

Asia Cement unit plans to buy Sichuan cement plant, China

04 April 2014, Published under Cement News

Asia Cement (China) said its non-wholly-owned subsidiary Sichuan Yadong Cement entered into a framework agreement with the existing shareholders of Sichuan Lanfeng Cement to acquire their entire equity interest in Sichuan Lanfeng and thus indirectly the entire equity interest in Sichuan Lanfeng's wholly owned subsidiary, Sichuan Lanfeng Building Materials. The target companies principally engage in the business of manufacture and sale of cement, concrete and related products in Sichuan. ...

Asia Cement (China) seeks M&A activity, strategic alliances

17 March 2014, Published under Cement News

Asia Cement’s China subsidiary is seeking mergers and acquisition opportunities, as well as the creation of strategic alliances, to raise production capacity and boost its competitive edge. Asia Cement (China) will target cement producers in China, including small and medium-sized firms in different regions. In early January, Asia Cement and its Chinese subsidiary singed a strategic partnership with Anhui Conch and China Conch Venture Holdings to explore opportunities in sharing green te...

Asia Cement attributable profit surges

14 March 2014, Published under Cement News

Asia Cement (China) said its profit attributable to owners for the year ended 31 December 2013 surged 108 per cent YoY to CNY823m (US$133.8m). Its basic and diluted earnings per share were CNY52.9 cents. The revenue was CNY7.33bn, an increase of 9.7 per cent from a year earlier. Gross profit rose 44.1 per cent YoY to CNY1.62bn, a gross profit margin of 22 per cent, up from 17 per cent in 2012. The increase in gross profit was mainly attributable to the increase of production capacity...

Anhui Conch and Asia Cement sign strategic partnership deal

08 January 2014, Published under Cement News

Anhui Conch and Taiwan producer Asia Cement have signed a strategic partnership to explore overseas markets and share expertise in environmentally-friendly technologies. The two companies are yet to divulge the details of their planned co-operation. However, it is understood they will explore opportunities in sharing green technologies, management expertise, market and product expansion and cost control. They will also tap possibilities for Anhui Conch to enter the Taiwan market and joi...

Korean cement hit by USD19m losses as rail strike ends

31 December 2013, Published under Cement News

The Korean railroad workers union called an end to its 22 day strike on December 30, leaving the domestic cement industry to count its losses. The cement industry relies on railway transportation for more than 30% of its transportation needs. The cement companies estimate that their combined loss for the 22 days of strike would be KRW20bn (USD19m), according to a report in the Korea Economic Daily. This was far worse than the strike in 2009 which lasted just eight days. The Korea Cement As...

Asia Cement nine month profit surges, China

25 October 2013, Published under Cement News

Asia Cement said net profit attributable to shareholders for the first nine months of the year rose by 166 per cent YoY to CNY391m (US$64.25m). Revenue rose by 3.9 per cent from a year earlier to CNY4.92bn. Gross profit increased by 29 per cent to CNY901m with margins of 18 per cent, up by three percentage points on a year earlier. For full-year 2013 the group anticipates a five per cent YoY rise in sales to 26Mt compared to 24.8Mt in 2012. It expects to continue benefitting from a declin...

Asia Cement expects higher nine-month net profit

17 October 2013, Published under Cement News

Asia Cement said it expects a 150 per cent YoY increase in unaudited net profit attributable to shareholder for the first nine months of the year. The company says the advance is due to higher sales volumes and a decrease in coal costs compared to the same period of last year.

Thailand: Asia Cement predicts revenue growth deceleration

30 September 2013, Published under Cement News

Italcementi-owned Asia Cement expects slower revenue growth in 2014 as it forecasts a weaker domestic market and uncertainty over the government’s THB2trn (US$64bn) infrastructure investment, according to the Bangkok Post. Nopadol Ramyarupa, co-managing director of Thailand’s fourth-largest cement maker, said he expects revenue growth to be limited to four per cent. This year’s revenue is estimated at THB10bn, up by 17.6 per cent from last year’s THB8.5bn. "The economic slowdown and re...