China's 2020 demand growth forecast increases
Nomura has increased its 2020 demand growth forecast for China from three per cent to five per cent following expectations that Beijing will continue to support its property and...
China
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Huaxin Cement plans share buy-back scheme
China’s Huaxin Cement has announced its intention to buy back company shares worth around CNY100-125m (US$14.21-17.76m) within the next 12 months. The company also stated its pl...
Dongwu Cement to sell stake in wastewater treatment company
China’s Dongwu Cement has announced that its subsidiary, Xinhua Shanghai Investment Management Co, plans to divest its entire 62.26 per cent stake in Shanghai Biofit Environment...
China sees strong cement demand at the end of 2019
A financial data provider has reported that average prices of cement in big Chinese cities have picked up 15 per cent since September, ending eight months of decline. The centra...
Cemex subsidiary to enter Chinese market
Cemex's venture capital unit has announced that it will be entering the Chinese market through a partnership with Glodon, a local provider of digital platform services for the i...
Renewed interest in CIMAIKO
A Chinese company is reported to be interested in relaunching the CIMAIKO cement plant near Kisangani, in the Democratic Republic of Congo. A delegation consisting of Justine Mb...
China sees 7% increase in cement output during the 9M19
China's cement output stood at 1.69bnt in the first nine months of 2019, up 6.9 per cent YoY, according to the Ministry of Industry and Information Technology (MIIT). During the...
Gansu Qilianshan Cement increase building materials stake to 80%
Gansu Qilianshan Cement Group Co Ltd has agreed to buy an additional stake in Gansu Zhangye Julong Building Materials Co Ltd. Following the acquisition, Gansu Qilianshan Cement ...
FLSmidth China joins WCA as associate member
FLSmidth China, a wholly-owned subsidiary of FLSmidth A/S, has joined the World Cement Association (WCA) as an associate member. "As a leading contributor to cement production a...
Asia Cement (China) Holdings Corp posts 40% 9M profit rise
Asia Cement (China) Holdings Corp has reported a 16.3 per cent advance in revenues to CNY9.18bn (US$1.299bn) in the 9M19 when compared with CNY7.89bn in the 9M18, according to R...