BBMG Corp posts 17% fall in revenue in 2022
China’s BBMG Corp has posted a 16.8 per cent YoY decline in revenue in 2022 to CNY102,822.2m (US$14,938m). Net profit over the same period fell 66.6 per cent to CNY1739.9m, whil...
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CNBM reports 17% drop in sales in 2022
China National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Net i...
Gebr Pfeiffer and CBMI Construction Co Ltd form calcined clay alliance
Gebr Pfeiffer and CBMI Construction Co have entered into a cooperation agreement to supply efficient plants for combined grinding and calcination of clay. Calcined clay offers a...
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 op...
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 ownership...
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. Cementir...
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 City, ...
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 chose...
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 7...
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 prof...