Cement News tagged under: Hong Kong

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YTL Cement completes divestment of China subsidiary

05 May 2021, Published under Cement News

YTL Cement (Hong Kong), a subsidiary of YTL Corp Bhd, has finalised the disposal of its 100 per cent equity interest in Zhejiang Hangzhou Dama Cement Co Ltd (Dama Cement), according to local press reports.   Dama Cement owns a cement plant in Lin’an district, Zhejiang Province, China. YTL Cement invested in the company in 2007 and has seen aggregate returns of about CNY1.3bn (US$200.8m), said a statement. The price of the disposal was undisclosed.   “This is an ideal time for us to make an e...

China Resources Cement reports 4% profit increase

16 March 2021, Published under Cement News

China Resources Cement has seen its profit attributable to owners rise four per cent YoY to HKD8.96bn (US$1.15bn) for 2020. The company also posted a turnover of HKD40.09bn in 2020, up 2.9 per cent YoY. Basic earnings per share reached HKD1.283, while a final dividend of HKD0.34 is expected to be distributed.

Aumund completes orders in Hong Kong and Japan

10 September 2020, Published under Cement News

Aumund Asia in Hong Kong is supplying specially designed Samson ® Material Feeders to customers in Thailand and Japan. The machines are equipped with filters and enclosures so that the intake and onward feeding of fuels can be completed cleanly. One of Aumund's biggest Thai customers operates a plant in Saraburi, just north of Bangkok, where industrial and household waste is pre-treated and made into highly calorific alternative fuel. This lightweight material is tipped by trucks directly...

China Resources Cement sees 8% increase in net profit

30 March 2020, Published under Cement News

China Resources Cement Holdings has reported an 8.1 per cent increase in net profit to HKD8.62bn (US$1.11bn) for 2019. Revenue inched up 0.4 per cent YoY to HKD38.96bn. The company attributed the improved profit margins to lower costs for cement sales. Since the company's principal business area is in mainland China, the yuan's weakness against the Hong Kong dollar in 2019 lowered the company's revenue in HKD terms.

Shanshui Cement to work with Conch Venture on waste utilisation projects

03 June 2019, Published under Cement News

China Shanshui Cement Group Ltd has entered into a strategic cooperation agreement with China Conch Venture Holdings Ltd to collaboratively develop projects for the treatment of industrial solid and hazardous waste by cement kilns. According to an announcement, the projects would look to use China Shanshui Cement’s production lines in Shandong and northeast China. Conch Venture is expected to supply technology and management, with both companies integrating resources to form a complete ind...

China Resources Cement plans share sale

12 June 2018, Published under Cement News

China Resources Cement Holdings Ltd has announced that it plans to sell HKD4.19bn (US$533.98m) of new shares to its controlling shareholder, CRH Ltd, to raise capital for business development, repay debt and for working capital. CRH will the buy the new shares following its sale of the same amount of existing shares at the same price to third-party investors. The shareholding of CRH and its associates in China Resources Cement will fall to 68.7 per cent from 73.5 per cent upon completion o...

Shun Shing Group consolidates international trading divisions

20 March 2018, Published under Cement News

Hong Kong's Shun Shing Group has announced the launch of Cemcoa, the new name for its international trading arm. All of the group’s trading divisions have been consolidated under the new name and will operate out of 15 international offices. According to a press release, the company traded 11Mt of cement, cementitious materials and solid fuels in 2017. Alongside this, Cemcoa ships dry bulk cargo to over 90 ports. "We are very excited about this new step for Shun Shing Group. The Cemco...

BBMG expects rise of up to 12% in net profit for 2017

17 January 2018, Published under Cement News

BBMG Corp expects a rise in net profit of 0.5-11.5 per cent YoY for the full-year of 2017, reports Nikkei. This translates to a net profit between CNY2.7bn (US$418.9m) and CNY3bn for the period. The significant increase shown in these preliminary results are the consequence of higher cement sales and better margins in the company’s cement and clinker businesses. After the deduction of non-recurring items, the net profit is expected to be between -11.7 and 4.6 per cent (CNY1.9-2.25bn) when...

HK Stock Exchange may propose delisting China Shanshui Cement

27 October 2017, Published under Cement News

China Shanshui Cement Group Ltd said the Hong Kong stock exchange would seek to delist the firm if it was not able to restore a minimum public float of 25 per cent of its issued share capital by the middle of next year. The cement producer has been embroiled in a bitter boardroom battle involving investors and executives, and has been suspended from trading in the past two-and-a-half years, according to Reuters. The stock exchange had warned the company that it would have until 30 ...

China Resources Jan-Sep net profit declines 35%

21 October 2016, Published under Cement News

China Resources Cement reported a 35 per cent fall in net profit for the first nine months of 2016 as weaker revenues impacted profits of the Hong Kong-listed cement producer. Net profit in Jan-Sep declined to HKD838.3m (US$108m) from HKD1.28bn in 9M15. Revenues saw a 12 per cent drop to HKD17.48bn. For the three months ended September, the company posted a net profit of HKD580.8m, considerably improving on last year’s third-quarter net loss of HKD248m.