Cement News tagged under: West China Cement Ltd

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Competition Commission to hold public consultation on Ohorongo Cement sale

10 July 2020, Published under Cement News

The Namibia Competition Commission has advised that members of the public can contribute their views on the proposed sale of Ohorongo to West China Cement. Members of the public will be invited to a conference on the matter as the acquisition is likely to create a monopoly in the cement industry in Namibia, as West China Cement also has a majority stake ion Cheetah Cement which is the sole competitor to Ohorongho Cement. The commissions is also concerned that Namibian employees at Ohorongo...

West China Cement reports 23% increase in profit

13 August 2019, Published under Cement News

West China Cement Ltd has announced a 22.7 per cent increase in profit to CNY793.5m (US$112.3m) for the 1H19, compared with CNY646.7m in the year-ago period. Revenue climbed 27.2 per cent YoY to CNY3.31bn from CNY2.6bn, while EBITDA advanced 5.9 per cent to CNY1.38bn. Total cement and clinker sales volumes rose 5.1 per cent to 8.61Mt from 8.19Mt, with cement sales consisting of 8.45Mt of the final amount. "Sales volumes in Shaanxi Province have remained stable. Sales volumes in Xinjiang a...

West China Cement's merger with Anhui Conch collapses

03 October 2016, Published under Cement News

Shares in struggling West China Cement plunged by as much as 34 per cent after a much-needed merger deal with the country''s largest cement maker collapses. Hong Kong-listed shares of West China Cement dropped as much as 34 per cent to HK$0.71 when it resumed trading Monday morning, compared to the previous close at HK$1.07. It was trading at HK$0.81 at 11:00 am (0300 GMT). Major rival Anhui Conch Cement offered nearly US$600m for a controlling stake in the firm late last year, but China'...

West China cement wins railway supply project

13 June 2012, Published under Cement News

West China Cement Ltd (WCC) has received a contract to supply 120,000t of cement for the construction of the Lanzhou-Chongqing Railway project. WCC will be supplying cement for the section of the railway that passes through Longnan District, Gansu Province. The Lanzhou-Chongqing Railway will stretch from Lanzhou City of Gansu Province to Chongqing City, with a total length of approximately 944.9km, of which a major part of the construction is bridges and tunnels. The project is scheduled...