China: Gansu Qilianshan Cement 9M16 net profit up 223%
Gansu Qilianshan Cement Group Co Ltd, a subsidiary of Sinoma, reported a net profit hike of 223.3 per cent YoY to CNY204m for the first nine months of 2016.
China
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China Resources Jan-Sep net profit declines 35%
China Resources Cement reported a 35 per cent fall in net profit for the first nine months of 2016 as weaker revenues impacted profits of the Hong Kong-listed cement producer. ...
China: FLSmidth install HOTDISC® at China Resources' Hongshuihe plant
FLSmidth partners with China Resources Cement (CRC) and Sino Environment Engineering Development Co Ltd (SEPETC) to process uraban and industrial waste and burn alternative fue...
Anhui Conch
Shares in Anhui Conch are being shorted at a level five times higher than that seen earlier in the year, prompting concerns over the future of cement share prices. China’s ceme...
China: Taiwan Cement plans price increase
Taiwan Cement announced that it will be increasing its prices of cement products in China by as much as seven per cent by the end of the year as a response to recovering demand...
China: consolidation on production capacity by 2020
The China Cement Association (CCA) has advised that the merger of leading cement companies will likely concentrate the industry’s capacity, informing that government that by ye...
China: Anhui Conch most shorted stock amid economic concerns
Shares in Anhui Conch have become the most shorted on the Hong Kong stock exchange as doubts grow over the sustainability of China’s property boom, Bloomberg reports. Disagr...
China: Shanshui Cement to raise HK$456m from placing
Shanshui Cement announced that it has entered into a placement agreement, proposing the placing of 910-950m new shares at a price not less than HK$0.5/share. This placing price...
China Cement Association urges consolidation
The China Cement Association has petitioned policymakers to speed up consolidation in the cement sector, which currently has 3500 producers. The consolidation aims to concentra...
China: cement prices to remain strong in 2H16
Chinese cement prices are predicted to rebound strongly in the remaining three months of the year, say analysts, thanks to rising domestic home prices, which have also boosted ...