Sri Lanka: Holcim exit causes tension with China and India
The possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India...
China
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China: BBMG sells stakes to Jidong Cement
Chinese building materials supplier, BBMG Corp has plans to sell its stakes in 31 cement-related companies to Jidong Cement. The stakes on offer are valued at CNY15.5bn (US$2.3...
China National Building Materials (CNBM)
China National Building Materials (CNBM) plans to become a shareholder in Eurocement Group, Russia’s leading producer of construction materials. The deal, which was signed i...
China Shanshui’s Liaocheng unit ‘illegally occupied’
In a fresh twist in the ongoing troubles of China Shanshui Cement Group, the company has announced that a unit of its subsidiary, Liaocheng Shanshui Cement, has been ‘illegally...
Ghana: Dangote appeals for ban on Chinese imports
Dangote has called on the government of Ghana to ban imports of Chinese cement, warning that the measure is necessary to save local producers from collapse, Ghanaweb reports. ...
China: West China Cement to agree to Anhui Conch ownership
Yesterday, shares in West China Cement rose nearly six per cent on news that a sufficient majority of option-holders had agreed to an acquisition by largest listed Chinese peer...
China: Asia Cement and CNBM halt Shanshui offer
Following nine months of consideration, Asia Cement and CNBM have said they will not proceed with plans to buy the shares they do not already own in Shanshui Cement. In a st...
China: BBMG can be optimistic for 2016
Beijing Building Materials Group (BBMG) is looking favourably to the rest of the year as an upturn in its Chinese cement sales and higher prices are forecast. However, expansio...
Morgan Stanley: cement consumption to grow 4% YoY to 2020
New research from Morgan Stanley predicts that worldwide cement demand excluding China has turned a corner and will grow at an annualised rate of four per cent between 2016 and...
China Resources Cement sees profits fall by 99%
China Resources Cement (CRC) has seen profits attributable to owners fall by 99 per cent to HKD6.6m (US$850,000) for the first three months of 2016 as compared to the same peri...