Macquarie more positive on China cement sector
Research house Macquarie is turning more positive on the cement sector and expects to see more signs of downstream demand recovery in mid-2013 following a recent market visit. ...
China Resources Cement
69 posts · Page 6 of 7
China Resources in loan agreement
China Resources Cement has entered into an agreement relating to a HK$200m (US$25.8m) three-year term loan facility with a bank. Under the agreement, it shall be an event of d...
China Resources Cement profit down by 44.4%
China Resources Cement (CRC) reported a 44.4 per cent loss in net profit attributable to shareholders last year to HK$2.32bn (US$299m). In 2012, the firm's turnover rose 9.1 p...
China Resources in proposed joint-venture agreement, China
China Resources Cement has entered into a two-year framework agreement with Zhihai Group Co Ltd to establish a joint venture. The new venture intends to acquire clinker prod...
Nomura cuts China Resources Cement to "reduce"
Investment bank Nomura has downgraded China Resources Cement (CRC) from "buy" to "reduce" and cut its target price to HK$4 from HK$8.30. The research house sees a further down...
UBS lifts China Resources Cement
UBS lifted its target price for China Resources Cement (01313) to HK$5.5 from HK$5.05, but downgraded the stock to "neutral" from "buy". It said CR Cement's share price has ri...
China Resources Cement in grinding acquisition, China
China Resources Cement (CRC) has agreed to acquire a 100 per cent equity interest in Hainan Wuzhishan Dajiangnan Cement Ltd. Hainan Wuzhishan Dajiangnan Cement operates a 0....
China Resources Cement to sign coal agreement
China Resources Power said it agreed to supply coal to China Resources Cement with a term of three years from 1 January 2013 to 31 December 2015. According to local press, t...
China Resources Cement secures HK$1bn credit facility
China Resources Cement Holdings Ltd, the largest cement producer in South China, said that it has secured a three-year credit facility worth up to HK$1bn from a bank.
China Resources Cement sales seen hitting 70Mt in 2013
China Resources Cement (CR Cement) expects cement sales in 2013 to increase to 70Mt, representing a YoY rise of 5Mt. Production capacity, meanwhile, is likely to rise to 72.7Mt...