Cement News tagged under: China
China Resources net profit increases 43.6% in 201310 March 2014, Published under Cement NewsChina Resources Cement Holdings Ltd earned a net profit of CNY3.34bn (US$544m) in 2013, a YoY increase of 43.6 per cent, the company announced on Friday. Meanwhile, operating revenue grew 15.8 per cent YoY to CNY29.34bn. The Hong Kong-based cement producer attributes the upward trend in performance to decreasing manufacturing costs and coal prices. |
Henan Tongli profit declines, China05 March 2014, Published under Cement NewsHenan Tongli Cement Co Ltd earned a net profit of CNY66.38m (US$10.83m) in 2013, a YoY decline of 59.58 per cent, China Business Newswire reported. Meanwhile, operating revenue decreased 2.89 per cent YoY to CNY4bn. The company attributed the downward trend in profit to low production capacity and a decrease in product price. |
China expected to announce relief measures to stimulate consolidation20 February 2014, Published under Cement NewsChina's State Council is expected to release specific measures to stimulate cement industry consolidation to address three key areas. A report published by China Perspective, states that HSBC anticipates that the government may strengthen financing support for the shakeup, including bank loans and equity placement or bond issuance from secondary market. Secondly, inefficient approval process may be simplified by the government, especially for cross-region deals. Finally, the governmen... |
China prices seen rising over 2014-1506 February 2014, Published under Cement NewsCement prices in China are expected to increase by 10 and five per cent in 2014 and 2015, respectively, according to research report by HSBC. As a result, higher prices as well as lower coal costs may offset rising costs from environmental protection monitoring, the bank expects. It expects gross profit in 2015 for cement companies to rise by 59 per cent compared to 2012. Over the next two years, the bank predicts the compound earnings growth of the cement sector would reach 35 per cent. C... |
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
Allied Cement wins approval for Bailonggang project04 February 2014, Published under Cement NewsAllied Cement has been given approval for its Bailonggang project by the Development and Reform Commission. The new plant is to be based in Bailonggang, Pudong, Shanghai and is a joint venture between Allied Cement and Shanghai Building Material Group. Following granting of the major approvals from the relevant authorities for the Bailonggang project, the next stage will include land acquisition, finalisation of technical proposals, inviting tenders and commencement of construction. |
Henan Tongli anticipates full-year decline, China28 January 2014, Published under Cement NewsHenan Tongli Cement Co Ltd expects 2013 net profit to decline to between CNY40m and CNY80m (US$6.6m and US$9.9m), a YoY decline of 51.28-75.64 per cent, the company said in a statement. The Shenzhen-listed cement manufacturer attributes the downward trend in performance to decreasing sales price. |
West China Cement completes Phase 1 of waste sludge treatment facility24 January 2014, Published under Cement NewsWest China Cement announced that it has completed Phase 1of its first waste sludge treatment facility at its Lantian plant, as part of on-going energy conservation and environmental protection efforts. The facility has been established under the auspices of the Shaanxi Provincial and Municipal Environmental Protection Administrative Department to co-treat industrial waste produced by the new manufacturing plant of Samsung (China) Semiconductor Corporation (Samsung) in Shaanxi Province. ... |
China prices, inventories stable in January23 January 2014, Published under Cement NewsChina's cement prices and inventories were stable in January due to favourable weather conditions, a Deutsche Bank report has said. Cement supply and demand have been balanced in southern and eastern China, where producers aimed to keep prices steady. Deutsche Bank forecast cement prices to drop less than usual during the upcoming Chinese New Year. China's cement output rose 10.8 per cent YoY to 205.29Mt in December, the National Bureau of Statistics said. For the full year, cement out... |
Huaxin expects strong rise in full-year net profit, China22 January 2014, Published under Cement NewsHuaxin Cement expects net profit to increase by between 105-125 per cent YoY in 2013 compared to a profit of CNY556m in 2012 when it suffered from severe pricing competition. The Hubei Province-based producer, part of the Holcim Group, attributes the profit growth to increasing sales and reduced production costs. |