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 compa...
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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 woul...
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 mater...
Huaxin Cement net income picks up in 2023
China-based Huaxin Cement posted revenues of CNY33.8bn (US$4.671bn) in 2023, up 11 per cent when compared with the previous year. Net income edged up by 2.3 per cent YoY to CNY2...
Anhui Conch sees profit decline in 2023
Anhui Conch Cement has reported turnover of CNY140,999m (US$19,588m) in 2023. This compares to CNY132,021m in the previous year. Gross profit declined from CNY27,190m in 2022 to...
West China Cement Ltd announces a 65% drop in net profit
West China Cement Ltd has reported a 65.3 per cent decrease in its net income from CNY1214.8m (US$168.7m) in 2022 to CNY421.3m in 2023. This came as sales revenue rose slightly ...
Arabian Cement to penalise CNBM on Rabigh project
Arabian Cement Co has confirmed that it will impose a delay damage penalty of five per cent on CNBM International Engineering Co for the Saudi cement producer’s new mills at its...
China Cement Association and GCCA sign low-carbon future agreement
The two leading representative bodies of the global cement industry have signed a milestone agreement to help accelerate decarbonisation of the sector across the world. China Ce...
Sinoma wins Eastern Province Cement contract
Saudi Arabia-based Eastern Province Cement Co has awarded the contract for a new cement production line to China’s Sinoma CDI. The new line, which is costing US$270m, will have ...
Sika opens new technology centre in China
Sika has significantly expanded its research and development capacities in the Asia/Pacific region and opened a new, state-of-the-art technology centre in Suzhou, China. Accordi...