China Resources Cement 9M profit up 216%
China Resources Cement reported a 215.9 per cent rise in profit attributable to owners for the 9M17 to HKD2648.6m (US$ 339.4m) . Turnover increased 16.4 per cent to HKD20,...
China
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Xinjiang cement industry returns to profit
The cement industry in Xinjiang province is faced with higher rates of overcapacity than any other part of China, making losses in three consecutive years. However, sector refo...
China will impose new environmental tax from 1 January 2018
Businesses in China are being urged to prepare themselves for a new environmental tax for the start of next year. China will abandon its current system under which polluters ar...
Anhui Conch
Anhui Conch saw its shares rise by five per cent earlier this month on the back of analyst predictions of a rise in cement prices. Limited supplies and an uptick in constructio...
CNBM & Sinoma merger could complete by year-end
China National Building Material Group Co (CNBM) said that it will complete merging with China National Materials Group Corp (Sinoma) by December or early next year. The anno...
S&PGR upgrades Anhui Conch Cement
S&P Global Ratings (S&PGR) today raised its long-term corporate credit rating on Anhui Conch Cement Co. Ltd. (Conch Cement) to 'A' from 'A-'. The outlook is stable. "We rais...
China Tianrui attributable profit surges
China Tianrui Group Cement Co said its profit attributable to owners for the six months ended 30 June 2017 surged 175 per cent YoY to CNY489m (US$74m). Revenue amounted to C...
Anhui Conch Cement Co revenue up 33.1%
Anhui Conch Cement Co Ltd said revenue for the first six months ended 30 June 2017 increased by approximately 33.1 per cent YoY to CNY31,907.92m (US$4794m). Profit attributab...
West China Cement sees improved operating environment
West China Cement Ltd and its subsidiaries reported on an improving operating environment in the first half of 2017 with sales volumes in the Shaanxi province remaining stable ...
Cement imports surge in Costa Rica
The import of cement into Costa Rica has skyrocketed in the past two years, according to El Financiero Costa Rica. In 2014 the Latin American country imported 10,418t of cem...