China: CNBM Group can begin acquisition of Sinoma
China National Building Materials Group Corp (CNBM) has begun preparations to acquire China National Materials Corp (Sinoma), after an agreement between the two companies was a...
China
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China: Anhui Conch profits down 29% for 1H2016
In its trading statement for the first six months of 2016, Anhui Conch has reported that its net revenues fell one per cent YoY to CNY24bn (US$3.6bn), while profits slipped fur...
China: Taiwan Cement expects 2H16 pick up in demand
Cement sales in China will pick up in the second half of the year, on the back of a recovering demand from infrastructure projects and residential building in the country, acco...
India: reason for optimism?
The first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon...
Sino-Uzbek JV brings Karakalpakstan plant online
Uzbek-Chinese joint venture, Titan Cement, recently brought its new plant in Karakalpakstan, Uzbekistan, into operation. The total cost of the project exceeded US$25m and resul...
Pakistan: CPEC to generate 3Mta demand
Pakistan’s cement industry will experience growth thanks to the commencement of construction projects under the China-Pakistan Economic Corridor (CPEC). Experts have sugges...
LafargeHolcim announce further Chinese sales
LafargeHolcim has, for the second time in a week, announced that it is to sell some of its Chinese assets. Reuters reports that the company is to sell 13 integrated plants and ...
Pakistan: Gharibwal Cement industrial park
Gharibwal Cement Group and China International Trust and Investment Corporation (CITC) have signed a deal to set up an industrial park in Chunian Industrial Estate, Punjab. Chi...
Nigeria: Ashaka Cement signs NGN11bn coal power agreement
Ashaka Cement plc has signed a NGN11bn (US$35m) contract with China-based RUNH Power Corp Ltd for the construction of a 16MW lignite-fired coal power plant at its cement plant ...
China: Jinyuan Cement to raise CNY1.36bn in private share placement
Jinyuan Cement plans to raise up to CNY1.36bn (US$204m) in private placement of shares to fund a company acquisition, projects and repay bank loans. In June Jinyuan Cement b...