Cement News tagged under: China United Cement Group

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China United Cement joins the WCA

04 April 2018, Published under Cement News

The World Cement Association (WCA) has announced that China United Cement Corporation (CUCC) has joined as a Corporate Member. CUCC is a cement company with a production capacity of 80Mta and more than 70 branches and subsidiaries all over China. With the corporation joining the international association, WCA now covers 35 countries.

China United Cement to issue bills

30 March 2012, Published under Cement News

China United Cement Group Co, a unit of China National Building Material Co, plans to issue CNY1bn worth of 365-day unsecured bills on the interbank market today. Coupon rate will be determined in the process of book-building and the bills will be issued at face value. Both value date and payment due date is on 31 March  and the to-be-issued bills tradable on April 1.?? Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1, respectively. Agricultural Bank of Chi...

China United Cement seeks acquisition loan

08 February 2012, Published under Cement News

State-owned China United Cement Group Corp is seeking a CNY798m three-year loan for the acquisition of Daewoo Cement (Shandong) Co Ltd, a subsidiary of Daewoo International Corp, banking sources said. Bloomberg reports that several banks, including Chinese and foreign, are looking at the deal that is said to offer a margin of 110 per cent of the People’s Bank of China rate, Reuters reports.