Cement News tagged under: China

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China looks to embrace sustainability

04 May 2012, Published under Cement News

When Li Juan took a look at European quarries last year, she was amazed by what she saw. Li, who has been a researcher at the China Building Materials Academy for more than a decade, describes her tour of the quarries as an eye-opener. Rather than growing back grass and trees, European cement producers rehabilitate their quarries down to the last detail, including bringing back the kinds of birds and insects that used to live there, Li says. The study tour was Li's first visit on biod...

China: cracks begin to appear

04 May 2012, Published under Cement News

With a downturn looming, major cement companies in China are using various strategies to weather the tough times, such as consolidation and a push for greener technologies. Today, cement production capacity per capita in southwest China is one of the highest in the world. Overcapacity in cement production, because of China's sizzling economy and its heavy investments in infrastructure, has spread across the country at a time when the economy has shown strong signals of cooling down. Lei...

China first-quarter output rises 7.3%, prices fall

27 April 2012, Published under Cement News

According to the latest statistics released by China’s National Development and Reform Commission China cement output grew only 7.3% YoY in the first three months of this year slowing from an 18.1% increase in the same period of 2011. The price of cement continued to fall in March. The average ex-factory price at major cement enterprises dropped CNY18.2/t from February or CNY9/t from a year earlier to CNY363.4/t. At the end of last month, the cement inventory of these major cement enterpr...

China Huaxin Cement changes investment plant

25 April 2012, Published under Cement News

Huaxin Cement said it will terminate plans to invest in 10 concrete projects and will use CNY172.56m of the uninvested funds on seven new projects, reports Yicai, citing a company filing yesterday. According to the announcement, the amount spent on the 10 projects totalled CNY9.91m. The land-use rights it already bought will be transferred, while the equipment purchased will be used for the new concrete projects. Huaxin Cement intends to fully acquire five concrete producers, including Ji...

Risk to China cement stocks ‘more on the upside’

25 April 2012, Published under Cement News

UBS said that last week, cement prices in most regions of China remained flat and cement inventory levels fell in many regions due to better sales. The house says it is not expecting cement industry fundamentals to turnaround materially in the short term, but the macro-economic recovery and policy easing should remain the key positive drivers for the sector. UBS reiterates its positive view on the sector, believing the cement industry has returned to an upward trend in 2Q12 and "the risk to...

China 1Q cement output up 7.3% YoY at 398.1bt

24 April 2012, Published under Cement News

China produced 398.1Mt of cement in the first quarter of this year, an increase of 7.3% YoY, according to the latest data released by the National Development and Reform Commission (NDRC).

Anhui Conch net profit falls 43.61%, China

20 April 2012, Published under Cement News

Anhui Conch Cement said yesterday that its net profit dropped 43.64% YoY  to CNY1.25bn in the first quarter of this year, due to falling cement prices and rising production costs. Operating revenue was CNY8.86bn in the first three months, 4.9% less than in the same period of 2011. Cement sales, however, rose 10.3% YoY to 33Mt in the first three months, but its average sales price fell 13.8% YoY (7% QoQ) to CNY268/t. Earlier the company reported a net profit of CNY11.59bn for last year,...

China Shanshui launches US$400m bond, China

19 April 2012, Published under Cement News

China Shanshui Cement Group has launched a US$400m dollar bond to yield 10.5%, a person familiar with the matter told Dow Jones Newswires on Thursday. The planned five-year bond will be callable after three years, the person said. Initial price thoughts had suggested a yield in the "high 10s." Credit Suisse, Deutsche Bank, HSBC and JP Morgan are joint bookrunners and lead managers on the planned Rule 144a/ Reg S senior notes, which are provisionally rated BB-minus by Fitch Ratings and Sta...

Tianshan Cement first-quarter profit forecasts, China

18 April 2012, Published under Cement News

Xinjiang Tianshan Cement, based in Xinjiang Uyghur Autonomous Region, has forecast that its net profit widened to CNY133m (US$ in the first quarter of 2012 from CNY7.41, a year earlier. The company's net profit soared 124 per cent YoY to CNY1.13bn in 2011, China Business Newswire reports.

China Shanshui seeks to price dollar bond, China

17 April 2012, Published under Cement News

China Shanshui Cement Group Ltd is seeking to price a benchmark US dollar bond to yield in the "high 10s," a person familiar with the matter told Dow Jones Newswires on Tuesday. Credit Suisse, Deutsche Bank, HSBC and JP Morgan are joint bookrunners and lead managers on the planned Rule 144a/ Reg S senior notes, which are provisionally rated BB-minus by Fitch Ratings and Standard & Poor's Ratings Services.