Cement News tagged under: China
China Shanshui Cement 1H hit by lower prices25 August 2014, Published under Cement NewsChina Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability. During the reporting period, the Group's revenue reached CNY7349m (US$1.19bn) while gross profit was CNY1534m. Profit attributable to equity shareholders amounted to CNY168m with basic earnings per share reaching CNY0.06. During the period under review, cement sales rose six per cent YoY to 24.36Mt and sh... |
Taiwan Cement hikes prices 3.2%22 August 2014, Published under Cement NewsTaiwan Cement announced a rise of cement prices in Guangdong and Guangxi, China, by CNY10 (US$1.63)/t or 3.2 per cent to CNY320/t. The company said that as the China market has entered peak season, cement stocks in the Pearl River Delta have been falling, enabling price rises to go ahead. Taiwan Cement said it would keep a close eye on the market's reaction and does not rule out a further price hike next month. The two provinces account for almost half of the company's Chinese prod... |
West China Cement first-half revenue rises despite flat volumes18 August 2014, Published under Cement NewsWest China Cement reported higher revenue and gross profit margins for the six months to the end of June 2014, boosted by higher average selling prices (ASP) in its core markets in Southern Shaanxi province as overall sales volumes remained flat. Revenue reached CNY1,997.7m an increase of 1.5 per cent from a year earlier. The gross profit margin increased to 19.3 per cent from 17.6 per cent for the same period last year. Profit attributable to owners for the six months ended 30 June 2014 d... |
China: MIIT issues warning on new capacity08 August 2014, Published under Cement NewsChina’s Ministry of Industry and Information Technology (MIIT) has issued an emergency decree ordering regulatory departments across the country to stop the cement sector from adding new capacity. The move is in response to some local governments indiscriminately launching new capacity to spur a slowing economy, ignoring the country's restructuring efforts. Policymakers have tried repeatedly in recent years to eliminate excess capacity in the cement sector as part of efforts to restructure... |
Asia Cement (China) first-half profit rises07 August 2014, Published under Cement NewsAsia 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, China01 August 2014, Published under Cement NewsAsia 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. |
China's first-half output growth slows30 July 2014, Published under Cement NewsCement output rose 3.6 per cent YoY to 1.14bnt in the first half of 2014, slowing 6.1 percentage points from the expansion seen during the same period last year, according to latest data from the National Development and Reform Commission (NDRC) posted on its website. |
Loesche delivers slag mill to Taigang Group23 July 2014, Published under Cement NewsLoesche has delivered the world’s largest slag mill to Taigang Group International Trade Co, Ltd, German equipment specialists have said in a statement. Loesche received the order for a vertical mill type LM 63.3+3 for grinding granulated blastfurnace slag in September 2011. The plant went into operation at the steelworks of TISCO, Shanxi Taigang Stainless Steel Co. Ltd in Taiyuan in March 2014. It attained a new record product rate of 255tph of blastfurnace slag meal after only a short pe... |
China Tianrui Group expects 15% rise in 1H14 net profit22 July 2014, Published under Cement NewsChina Tianrui Group Cement said it expects to record an increase of about 15 per cent in consolidated net profit for the six months to the end of June 2014 compared to the same period of 2013. The growth was mainly attributable to the substantial increase in sales volume compared to the same period of last year. |
Venezuela signs cement plant agreement with China22 July 2014, Published under Cement NewsVenezuela and China signed a framework agreement for the installation of a new cement plant in the state of Lara, Venezuela, which is expected the basis for the installation of a further works. This will increase cement production to 1.2Mta. |