Fitch downgrades West China Cement
Fitch Ratings has downgraded West China Cement Ltd ’s (WCC) long-term issuer default rating (IDR) and its senior unsecured debt rating from BB to BB- due to the cement produce...
China
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Anhui Conch in 2Q23 totals CNY6.8bn
Anhui Conch Cement ’s first-half net profit of CNY6.8bn (US$932m) is lower than expected, falling 32 per cent YoY. The decline is due to lower average selling prices and wea...
A new chapter for China
After implementing continuous COVID-19 response measures over the past three years, China re-opened its doors to the world in December 2022. Having been impacted by pandemic-re...
Cementir reports 36% rise in 1H net profit
Cementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in rev...
China Shanshui issues profit warning
China Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 ...
China starts CCUS focus
This week China announced the launch of its largest carbon capture, utilisation and storage (CCUS) project for the cement sector to date. The China United Qingzhou Co Ltd's 200...
China United Qingzhou Co launches China's largest CCUS project
On 28 June 2023, the China United Qingzhou Co Ltd’s 200,000tpa Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project was successfully launched...
China Resources Cement Holdings issues profit warning
China Resources Cement Holdings Ltd has issued a profit warning for the six months ended 30 June 2023. According to the company, it expects to report a 63-38 per cent contracti...
Samson win Chinese EcoHopper order
One SAMSON Eco Hopper type EH60 has been successfully tested and put into operation for bulk material loading and unloading in China. Thanks to the environmentally friendly ...
Cemento Panam installs new MVR mill in Dominican Republic
Cemento Panam , part of the Estrella Group, is to install a state-of-the-art MVR vertical mill from Gebr Pfeiffer at its plant in the Dominican Republic. This marks the first ...