Taiwan Cement to operate as TCC Group Holdings
Taiwan Cement Corporation (TCC) held its shareholders' meeting on 21 May 2024 officially announcing the transformation of the 78-year-old company into a group holding company...
China
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Cementir's 1Q24 regional market update
Cementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous yea...
Huaxin Cement sees revenue advance 7% YoY
Huaxin Cement has posted revenue of CNY7.08bn (US$977m) in the first quarter of 2024, ended 31 March, up 6.9 per cent on the same period a year earlier. Net income over the s...
Ultra-fine low-carbon cementitious material developed
Researchers at Anhui Southern Cement Co, China, have developed an ultra-fine low-carbon cementitious material that can be used to improve the properties of concrete and cemen...
Anhui Conch revenue up 7% YoY in 2023
Anhui Conch Cement has beaten analyst expectations by posting revenue of CNY141bn (US$19.5bn). This marks a 6.8 per cent increase on the previous year. Net income in 2023 came ...
Tianrui stock crash linked to margin call
The 99 per cent drop in the stock of China Tianrui Group Cement Co last week triggered a margin call for a major shareholder and wiped out nearly all of its market value. Abo...
West China Cement welcomes new CEO
West China Cement has announced the resignation of Mr Wang Fayin as an executive director of the company, effective from 16 April 2024. It has also named Ms Wang Rui as t...
China Tianrui Group Cement shares drop 99%
China Tianrui Group Cement Co Ltd shares fell 99 per cent to around HKD0.05 (US$0.006) on 9 April, pushing its market capitalisation to HKD141m. About 281m, a third of the comp...
China starts public consultation on emissions accounting and verification guidelines
China is carrying out a public consultation on drafting guidelines regarding emissions accounting and verification for the country’s cement sector until 15 April 2024. This wou...
CNBM reports 10% YoY revenue drop
CNBM has reported revenue of CNY210.2bn (US$29.1bn) in 2023, down 10.1 per cent on the previous year. This was primarily attributed to a fall in the group’s basic building ma...