China Shanshui Cement preliminary profit down 73%
China Shanshui Cement has posted a preliminary profit for the full year of CNY748.7m, down 73.0 per cent YoY on the back of falling sales, according to Reuters. The company’s o...
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Oman Investment Authority starts sale of Oman Cement Co to Huaxin
The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownershi...
Cementir reports significant revenue increases in Europe in 2022
Cementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cem...
Taiheiyo’s Jiangnan-Onoda suspends cement business in Nanjing, China
Taiheiyo Cement Corp announced that its consolidated subsidiary Jiangnan-Onoda Cement Co Ltd has decided to suspend the cement manufacturing and sales business in Nanjing Cit...
West China Cement Ltd: new appointments
Dr Ma Weiping has resigned as executive director and chief executive officer of West China Cement Ltd , effective from 2 February 2023. According to the company, Dr Ma has cho...
Asia Cement forecasts 75% fall in profit
Asia Cement (China) Holdings Corp has issued a profit warning stating that its unaudited profit attributable to equity holders for 2022 is expected to decline by approximately...
China Shanshui Cement issues profit warning for 2022
China Shanshui Cement has issued a profit warning, saying that it expects to report a fall in profit of at least 70 per cent in 2022. According to the company, attributable pr...
China Resources Cement issues profit warning for 2022
China Resources Cement Holdings Ltd has issued a profit warning saying that it expects its profit attributable to owners of the company to contract by 74-78 per cent YoY in 2...
BBMG warns of 59% profit fall in 2022
China-based cement producer BBMG Corp has announced that it expects to report a 52-59 per cent YoY decline in net profit attributable to shareholders in 2022. Net profit for th...
CR Cement opens new 10Mta aggregates line
Production has begun at the new aggregates line of China Resources Cement ’s (CR Cement) subsidiary Guangxi Runhan New Materials in Guangxi Province, China. It marks the third...