Cement News tagged under: Gansu Shangfeng Cement

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China: Anhui Conch boosts profits and Gansu Shangfeng Cement invests

22 October 2014, Published under Cement News

Anhui Conch Cement reports that its net profit attributable to equity shareholders for the first nine months of 2014 rose 51.8 per cent YoY to CNY8173m (US$1.3bn). The company’s basic and diluted earnings per share were CNY1.54. The revenue was CNY43,675m, an increase of 18.01 per cent from a year earlier. For the third quarter of 2014, Anhui Conch's net profit rose 1.2 per cent YoY to CNY2352m. Revenue grew 11 per cent to CNY14,890m. In other Chinese news, Gansu Shangfeng Cement ,signed a...

Tongling Shangfeng to enter Kyrgyzstan

13 August 2014, Published under Cement News

Tongling Shangfeng Cement, a subsidiary of Gansu Shangfeng Cement, has signed a letter of intent to acquire an equity stake in Zeth Cement of Kyrgyzstan. The Chinese-based company aims to join forces with investor Zhu Rongjun to develop a cement and clinker line with a capacity of 3000tpd. Tongling Shangfeng will have a 58 per cent stake in Zeth while Zhu will hold the remaining 42 per cent.