Cement News tagged under: Fujian Cement

RSS feed

Fauji Cement to set up solar power plant

07 August 2018, Published under Cement News

Fauji Cement Company Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) on 3 August 2018 that its Board of Directors in a special meeting discussed and approved setting up of 12.5MW captive solar power plant at Site in Jhang Bahtar, Attock, Punjab.   According to Brig (Rtd) Riaz Ahmed Gondal, company secretary, the project would be competed in 6-7 months and will help to overcome energy cost.   Earlier, FCCL had commissioned a 12MW waste heat recovery (WHR) plant in 2015.  

Fujian Cement to buy limestone mining rights

04 December 2017, Published under Cement News

China-based Fujian Cement plans to buy mining rights of a 0.2Mta limestone mine and a 0.03Mta cement siliceous material ore mine from Shunchang Lugunshan Limestone Mine and Shunchang Wuli Ting, respectively. The transaction amount is CNY52.9m (US$8m) with an actual payment of CNY32.8m, according to Reuters. The limestone mine is understood to cover an area of 0.3605km2 with rights valid until 2032. The deposit holds 3.645Mt of reserves. The other mine, with reserves of 0.692Mt covers an ar...

Fujian full-year net profit declines

19 March 2014, Published under Cement News

Fujian Cement earned a net profit of CNY19.05m (US$3.074m) in 2013, a YoY decline of 30.38 per cent. Operating revenue rose by 12.4 per cent YoY to CNY1.82bn. The company attributed the downward trend in net profit to plant closures while it carried out technology upgrade projects, as well as a decrease in cement prices.

Fujian Cement raises CNY87.8m from disposal of Industrial Bank shares

03 January 2014, Published under Cement News

Fujian Cement Inc has sold a combined 12m shares in Industrial Bank Co Ltd at CNY10/share between 30-31 December 2013, the company announced in a statement. The Fujian Province-based cement manufacturer will earn CNY87.82m (US$14.5m) in investment income from the deal. Fujian Cement continues to hold 50.4 million shares in the Industrial Bank.

China Resources Cement in talks with Fujian Cement over joint venture

29 May 2013, Published under Cement News

Two leading China-based cement producers, China Resources Cement and Fujian Cement, are reported to be in discussions to set up a joint venture grinding plant as well as a sales and marketing company, according to reports by local press. No agreement has been confirmed yet. China Resources Cement is also in discussions with Fujian Energy Group Company Ltd regarding cooperation with Fujian Building Materials Holdings Company Ltd, a subsidiary of Fujian Energy and the controlling shareholder...

Chinese producers report declines in net profit

19 March 2013, Published under Cement News

Three China-based cement producers have reported declines in net profit and operating revenue for 2012. China Shanshui Cement reported a 31.8 per cent decline in net profit to CNY1.52bn during the year. Operating profit slid 4.2 per cent YoY to CNY16.16bn, with basic earnings per share of CNY0.54. United Cement Group Corp, a centrally government-run cement company, saw a 65 per cent drop in net profit for 2012 to HK$26.83m while operating revenue was down three per cent YoY to HK$705m....

Fujian Cement to inject CNY950m into subsidiary, China

21 May 2012, Published under Cement News

Fujian Cement Inc is to jointly invest with its second-largest shareholder, South Cement Co Ltd, a combined CNY950m (US$150m) into Fujian Cement's fully-owned cement subsidiary. Its subsidiary will mainly use the funds to invest in its cement and related businesses. After the capital injection the two investors will each hold a 50% stake in the target company, which will have a registered capital of CNY1bn. (Source: China Business Newswire).

Fujian Cement reports marked rise in net profit, China

28 March 2012, Published under Cement News

Fujian Cement recorded CNY124m (US$19.66m) in net profit last year, up a staggering 1434 per cent YoY, China Business Newswire citing the company’s annual report released in March 2012. Operating revenue rose 38.3 per cent to CNY1.88bn with basic earnings per share of CNY0.33. The company, which is headquartered in the Fujian province of China, plans to distribute a cash dividend of CNY0.5 (before tax) for every 10 shares held.

Fujian joint-venture announced, China

24 February 2012, Published under Cement News

Chinese cement producer, Fujian Cement plans to set up a joint venture, Fujian Jianfu Southern Cement, with its second-largest shareholder, Southern Cement to consolidate the cement industry in Fujian, a southeast province in China. Both companies will conduct mergers, acquisitions and expand production capacity, reports China Securities Journal, citing a company filing. Each company will hold a 50 per cent interest in the joint-venture will engage in cement-related activities under the ‘...