Cement News tagged under: China
China Resources Cement to sign coal agreement14 December 2012, Published under Cement NewsChina Resources Power said it agreed to supply coal to China Resources Cement with a term of three years from 1 January 2013 to 31 December 2015. According to local press, the unit price of coal will be negotiated on an "arm's length" basis between the parties with regards to the prevailing market prices of coal and the quantity of coal will be decided according to the demand of CR Cement Group. |
Tianshan Cement to invest in Xinjiang region, China14 December 2012, Published under Cement NewsXinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, announced today that it will invest a CNY985m (US$157.6m) to expand its business in Xinjiang Uyghur Autonomous Region. Tianshan Cement will invest CNY87m to build cement production lines for two subsidiaries in Lop County and Fukang City. Tianshan Cement will invest an additional CNY98.07m to develop a limestone project in Aksu City. (Source: China Business Newswire) |
Cement prices see third week of decline, China12 December 2012, Published under Cement NewsThe average selling price (ASP) of cement in China has continued its downward trend and registered its third consecutive week of decline since mid-November. During the week commencing 3-7 December 2012 the ASP dropped 0.7 per cent compared to the week before, according to data from the industry information provider Digital Cement. Prices have been falling since mid-November following three months of rises. Prices in the central and southern China regions continued their downward trend ... |
Taiwan Cement Corp to sign syndicated loan for expansion10 December 2012, Published under Cement NewsTaiwan Cement Corp is expected to sign the contract for a syndicated loan worth NT$12.5bn (US$416.67m) to expand operations in China and acquire local cement plants. The Chinese banks with branches in Taiwan, Bank of China and Bank of Communications, are said to be among the underwriting banks. Mega International Commerical Bank is the leading undwriter among the other Taiwanese banks including Taiwan Cooperative Bank, Hua Nan Bank, First Commerical Bank and Chinatrust. The five-year l... |
China cement prices see second consecutive weekly decline05 December 2012, Published under Cement NewsThe average price of cement price in China continued to decline in the last week in November, showing a drop of 0.72 per cent on the previous week and marking the second consecutive week drop after three months of increases. A China Securities Journal report on Tuesday quoted data from the Digital Cement as saying that the cement price in Heilongjiang, Jiangsu, Shandong and Hebei provinces registered clear declines in the week. In Hebei, Jiangsu and Shandong, cement price dropped by CNY... |
China Resources Cement secures HK$1bn credit facility05 December 2012, Published under Cement NewsChina Resources Cement Holdings Ltd, the largest cement producer in South China, said that it has secured a three-year credit facility worth up to HK$1bn from a bank. |
China cement prices see mid-November drop28 November 2012, Published under Cement NewsFollowing a three month rise, the average price of cement in China began to show a weekly drop in the 19-23 November period. According to a report by China Securities Journal citing data from the industry information provider Digital Cement, the average cement price in the week from 19-23 November declined 0.2 per cent from the previous week to CNY337.25/t (US$54). This was the first decline following 10 consecutive weeks of rises. The cement price in Anhui, Ningxia, Guangxi and Guangdong... |
China Resources Cement sales seen hitting 70Mt in 201327 November 2012, Published under Cement NewsChina Resources Cement (CR Cement) expects cement sales in 2013 to increase to 70Mt, representing a YoY rise of 5Mt. Production capacity, meanwhile, is likely to rise to 72.7Mt in 2013. The company is set to launch a 5000tpd line in Guangdong Luoding in 4Q12. As such, total clinker capacity will reach 50Mta by end 2012. Citigroup has recently lifted its target price for CRC to HK$3.3 from HK$3, and maintained its "sell" rating. CR Cement had raised cement average selling price (ASP) ... |
Metso strengthens position in China27 November 2012, Published under Cement NewsMetso is strengthening its presence in the fast growing Chinese construction market through two strategic actions: establishing a joint venture with LiuGong Group Corp and acquiring 75 per cent ownership of Shaorui Heavy Industries Ltd. Joint venture with LiuGong Group Corp Metso and LiuGong Group Corp. Ltd (LiuGong) will form a 50:50 joint venture to develop the track-mounted crushing and screening business in China. The joint venture will combine Metso's know-how in track-mounted cru... |
Gansu Cement to raise RMB1.68bn via rights issue22 November 2012, Published under Cement NewsGansu Qilianshan Cement Group Co plans to raise up to RMB1.68bn via a rights issue. The company will sell 142m shares to its shareholders at a ratio of three new shares for every 10 held at RMB6.26/share. Proceeds from the issue will be used to repay bank loans and replenish working capital. |