Cement News tagged under: China
China Resources sales exceed guidance27 June 2014, Published under Cement NewsChina Resources Cement said its cement and clinker sales prices have exceeded expectations this year, meaning that first half profit "is expected to be significantly increased as compared with the corresponding period in 2013," the company says. "The strong cement price in off season (2Q14) is suggesting better and demand balance in southern China," says Guotai Junan Securities. "We believe cement price might pick up in 4Q14 and recent sell-off makes CR Cement more attractive." |
Tajik-Chinese talks over new plant project24 June 2014, Published under Cement NewsTalks between Tajiki and Chinese investors are underway over the construction of a cement plant in the south of the central Asian country. The 1Mta cement plant is expected to be constructed in Dangara, unnamed government sources revealed to local press. The estimated cost of the project is reported to be around US$150m. |
Asia Cement targets increased market share17 June 2014, Published under Cement NewsAsia 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... |
China cement exports decline in 4M1430 May 2014, Published under Cement NewsChina's cement exports declined by 9.4 per cent YoY to 2.96Mt in the first four months of 2014, according to data released by the General Administration of Customs. However, the growth rate was 1.5 per cent higher than the level realised in the first quarter of this year. Clinker exports surged 63.09 per cent YoY to 1.31Mt over the Jan-April 2014 period. Imports amounted to 94,600t of cement in the first four months, reflecting a YoY decrease of 9.32 per cent. Clinker imports increa... |
Deutsche Bank lowers China demand forecast27 May 2014, Published under Cement NewsAccording to the latest research report by Deutsche Bank, cement demand forecast was lowered to 4.5 per cent, due to the recent slowdown in the real estate market in China. However, the forecast still exceeds cement supply of 1.9 per cent. The target prices of cement stocks were reduced in accordance with the adjustments on sales volume and average selling prices. |
China: Northern Cement to issue CNY1bn bills27 May 2014, Published under Cement NewsNorthern Cement Co announced Tuesday that it would issue CNY1bn (US$160m) worth of 365-day bills on 4 June 2014. The money raised will be used to repay bank loans and replenish operating capital. |
Eurocement inks US$500m Chinese supply deal21 May 2014, Published under Cement NewsRussian cement major Eurocement Group has signed a package of contracts with Chinese companies for equipment supply, engineering, installation supervision and employee training services, totalling over US$500m. The contracts were signed with units of China’s Sinoma, CNBM, and Sinomach. “The contracts signed 20 May 2014 imply a delivery of a complete set of equipment necessary for the construction of new production lines for the production of cement using the so-called dry method,” a press r... |
China prices expected to rise, exceed market expectations14 May 2014, Published under Cement NewsCement prices in China are likely to continue rising in the second half this year and go beyond market expectations along, according to industry sources. Cement prices in China slightly dropped 0.17 per cent after May Day holiday, but Digital Cement expects the demand for cement would grow significantly in the second half of this year with the rising investment in railways and the speeding up of social housing construction. Although cement prices in Jiangxi and Zhejiang recently fell by... |
China Resources Cement 1Q14 profit rises 69.6%13 May 2014, Published under Cement NewsChina Resources Cement said its profit attributable to owners for the three months ended 31 March 2014 rose 69.6 per cent YoY to HK$768m. Turnover was HK$6797m, an increase of 13.8 per cent from a year earlier. The gross profit grew 55.2 per cent YoY to HK$2162m. The consolidated gross margin for the reporting period was 31.8 per cent, representing an increase of 8.5 percentage points from 23.3 per cent for the corresponding period last year, which was mainly attributable to improved sellin... |
Capital Group buys a 9.25% stake in Anhui Conch07 May 2014, Published under Cement NewsThe Capital Group Co spent HKD159.21m (US$20.53m) to acquire 5.55m shares in Anhui Conch Cement Co Ltd on 30 April, sources reported, citing the Hong Kong Stock Exchange. After the purchase, the USA investor holds a combined 120.20m shares (a 9.25 per cent stake) in the Anhui province-based Chinese cement producer. |