Cement News tagged under: China
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. |
Jidong sees strong rise in 2013 net profit20 January 2014, Published under Cement NewsTangshan Jidong Cement Co Ltd expects net profit to be between CNY306m and CNY360m (US$50.6m-59.48m) in 2013, a YoY increase of 70 per cent to 100 per cent, the company said. The Hebei Province-based cement manufacturer attributes the profit growth to an improved reduction in production costs and increasing sales volume. |
Conch expects strong rise in 2013 profit15 January 2014, Published under Cement NewsAnhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the company posted a net profit of CNY6.31bn (US$1.043bn) with basic earnings per share of CNY1.19. According to a statement filed with the Shanghai Stock Exchange, the company said the improved performance in 2013 was due to steady growth in consumption and a reduction in new capacity coming onto the market. Over the ... |
CRC profit alert, China15 January 2014, Published under Cement NewsChina Resources Cement said the group's profit attributable to the owners of the company for the year ended 31 December 2013 is expected to be substantially higher compared with last year. The company attributed the performance to the higher sales volume of cement and clinker, and improved gross margin. |
Jiangxi Wannianqing profit forecast, China13 January 2014, Published under Cement NewsJiangxi Wannianqing Cement Co Ltd anticipates net profit to have reached between CNY400-450m (US$66m-74m) in 2013, growing about 110-136 per cent YoY, according to the company's earnings forecast announcement on 9 January. (Source: China Business Newswire) |
Dongwu Cement and Hengtong Group joint venture09 January 2014, Published under Cement NewsDongwu Cement and Hengtong Group are to establish a 50-50 joint venture company with a registered capital of CNY150m (US$24.8m). The scope of business of the joint venture covers primarily highways, urban roads, bridges, tunnels, foundation works, sewage treatment works, and drainage works; and also covers the construction and management of industrial and civil buildings and landscaping projects; engineering technical consultation, project supervision, project bidding agency, property mana... |
Tangshan Jidong to launch restricted shares, China08 January 2014, Published under Cement NewsTangshan Jidong Cement Co Ltd announced that 59,500 of the company's restricted shares (a 0.004 per cent stake) will become tradable from 9 January 2014, China Business Newswire reported. The Hebei Province-based manufacturer mainly sells construction materials. |
Credit Suisse acquires shares in China Shanshui08 January 2014, Published under Cement NewsCredit Suisse Group AG acquired 10.47m shares in China Shanshui Cement Group Ltd for a total of HK$34.93m on 31 December 2013, according to the Hong Kong Stock Exchange. Since the purchase, Credit Suisse holds 141.13m shares (a 5.01 per cent stake) in Shanshui Cement. The Shandong Province-based company is engaged in limestone mining and the manufacture of cement and cement clinker. |