CNBM issues 9M23 profit warning
China National Building Material (CNBM) has issued a profit warning for the opening nine months of 2023. According to Reuters, the company expects to report a 70 per cent YoY co...
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Malaysian cement demand set to flourish, says report
Cement demand in Malaysia will continue to flourish in the medium-to-long term, supported by major infrastructure projects across the country, reports RHB Investment Bank Resear...
Taiwan Cement plant has 107MWh battery commissioned
Nhoa Energy, a unit of Nhoa SA, formerly Engie EPS, has announced the commissioning of a 107.3MWh energy storage project at a Chinese plant of Taiwan Cement Group (TCC Group). A...
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 producer'...
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 weak ce...
A new chapter for China Premium
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-rel...
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 reve...
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 pe...
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....