China’s cement industry expected to lead economic recovery
An accelerated recovery in the Chinese construction industry is driving the country’s cement sector to resume operations. With a positive outlook this year, analysts said the s...
China
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Chinese infrastructure construction sees boost
Chinese infrastructure construction has reportedly been stepped up across the country as the government increases funding in the sector, states Xinhua News Agency. The produc...
China Tianrui Group Cement Co reports 50% rise in FY profit
China Tianrui Group Cement Co has posted for 2019 an attributable profit of CNY1.819bn (US$256m), up 50 per cent when compared with 2018. The company’s full-year revenues incr...
China Resources Cement sees 8% increase in net profit
China Resources Cement Holdings has reported an 8.1 per cent increase in net profit to HKD8.62bn (US$1.11bn) for 2019. Revenue inched up 0.4 per cent YoY to HKD38.96bn. The ...
Chinese cement prices recover as work restarts
Cement prices in China have shown signs of recovery as works in the country resume, according to Xinhua-run Shanghai Securities News. Cement producers in the northwest announce...
Dongwu Cement sees 11% increase in revenue for 2019
China’s Dongwu Cement has seen a 10.7 per cent increase in revenue to CNY571.15m (US$80.5m) in 2019, rising from CNY516.04m in the previous year. Profit declined 32.3 per cent ...
China Shanshui Cement records 20% revenue increase
China Shanshui Cement Group has announced a 20.2 per cent YoY rise in operating revenue to CNY21.48bn (US$3.02bn) for 2019, against CNY17.87bn in 2018. Net profit also increase...
China: outward bound
China’s Belt and Road Initiative (BRI) is now an integral part of the country’s overseas expansion policy. Since its inception in 2013, the BRI has been one of the essential ve...
Anhui Conch Cement posts 13% increase in net profit for 2019
China’s Anhui Conch Cement has announced a 13 per cent increase in net profit to CNY33.59bn (US$4.73bn) for 2019, compared with CNY29.81bn in the previous year. EBITDA advanced...
Conch: window on 2025
The dramatic expansion of the Chinese cement market over the past three decades has been nothing short of an economic miracle. ICR speaks with Dengbang Gao, chairman of the Con...