Shanshui Cement expects first-half loss to narrow
China-based Shanshui Cement expects that the group will continue to record a net loss for the six months ended 30 June 2017. However, the loss is expected to narrow compared wi...
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China Resources Cement sees substantial rise in 1H attributable profit
China Resources Cement said its profit attributable to owners for the six months ended 30 June 2017 surged to HKD1639.8m, translating into an increase of over 500 per cent from...
Nepal-China JV due to start operations in 2018
Hongshi-Shivam Cement Private Ltd, a Nepal-China joint venture company, is aiming to start cement production in March 2018, according to a senior company official. Shiva Ratn...
BBMG Corp expects increase in 2Q net profit
BBMG Corp said it expects to record a net profit attributable to shareholders of between CNY1825m (US$269m) and CNY1900m for the six months ended 30 June 2017, as compared to t...
Zambia’s president unveils plans for US$528m cement plant
President Edgar Lungu of Zambia announced the construction of a US$528m cement plant at Ndola Lime Co in the country’s Copperbelt as the country aims to diversify its economy. ...
Shengli and Kaifa resign from Anhui Conch
Qi Shengli, supervisor and chairman of the supervisory committee of Anhui Conch, has tendered his resignation from the company, according to a statement released on 30 June. Hi...
Sinoma anticipates substantial rise in interim net profit
China National Materials Company (Sinoma) said it expects the net profit attributable to the shareholders of the parent company for the six months ended 30 June 2017 to record ...
Major shareholder offers to sell stake in China Shanshui Cement
China Shanshui Cement Group Ltd said on Thursday that a major shareholder had offered to divest its 25 per cent stake in the company for around US$600m. China Shanshui Investme...
Shanshui Cement shareholder plans to sell shares
Shanshui Cement announced that it received a letter from China Shanshui Investment Co Ltd, which holds a 25.09 per cent of shares, stating that it has invited Asia Cement, CNBM...
China Tianrui Group Cement appoints executive director
China Tianrui Group Cement Co Ltd announced that Ding Jifeng has been appointed as an executive director of the company, effective 15 May 2017.