Cement News tagged under: Huaxin Cement Co

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Groundbreaking ceremony for new Tajikistan-China joint venture plant

04 April 2014, Published under Cement News

Tajik President Emomali Rahmon attended a groundbreaking ceremony for construction of a greenfield cement plant in Gayur-Sughdcement, in the Bobojonghafourov district, Sughd province. According to the Tajik president’s official website, Tajikistan’s Gayur Ltd Liability Company will build the  1.2Mta cement works in partnership with China’s Huaxin Cement Co. The plant is scheduled for completion in 2016. Another Tajikistan-China joint venture, Huaxin Gayur Cement Co, launched production ...

Huaxin Cement sees net profit down 48.32% in 2012

26 March 2013, Published under Cement News

Huaxin Cement Co Ltd, part of the Holcim Group, said net profit last year fell 48.32 per cent to CNY556m (US$91m). It attributed the reduction to severe price competition and its profit contribution to Holcim declined. Huaxin Cement, which is based in the Hubei province, saw operating revenue for 2012 slid 0.93 per cent YoY to CNY12.52bn (US$2bn).

Holcim to employ more co-processing in China

23 August 2012, Published under Cement News

Holcim will focus on co-processing technology to get ahead in China’s competitive market. The Swiss major views China as a valuable market where its profits improve in future years. "The current market is flat. As the market continues to flatten, the nature of competition will change. The values of sustainability and environmental performance will play a much bigger role for a company's further development," said Ian Thackwray, Holcim's president for Asia-Pacific and South Africa. Holc...

Huaxin Cement expects H1 net profit to drop 50%, China

12 July 2012, Published under Cement News

Huaxin Cement Co Ltd, in which Holcim holds an approximate 42 per cent stake, has become the latest Chinese producer to issue a first-half profit warning.  The Hubei Province-based cement manufacturer said on 9 July that its net profit is expected to fall by at least 50% YoY in the first half of 2012 due to a decline in cement prices. The company booked CNY542m in net profit in the same period of 2012. Last year, Huaxin Cement acquired three plants in the province of Hubei with a capacity...