S&P: West China Cement stays on CreditWatch Positive
Standard & Poor's (S&P) Ratings Services said that it continues to keep the ratings on West China Cement on CreditWatch with positive implications while the company awaits regu...
China
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China Tianrui Group Cement expects 30% drop in 2015 profit
Chinese cement manufacturer China Tianrui Group Cement Co said Thursday it expects its 2015 net profit to drop more than 30 per cent from a year earlier. The decline is attribu...
Shanshui Cement unit defaults on third onshore bond, China
Shanshui Cement's key operating subsidiary Shandong Shanshui Cement Group defaulted on its third onshore bond. According to a statement posted on Shanghai clearing house on ...
China: CNBM warns of 70% drop in 2015 profit
CNBM has issued a profit warning, predicting that the net profit for 2015 will be 70 per cent down YoY, mainly attributable to the slowdown in cement demand growth and severe o...
China: Huaxin issues profit warning
Huaxin Cement, LafargeHolcim’s subsidiary in China, has warned that it expects 2015 net profit to fall 90-95 per cent YoY due to weak domestic demand, intense competition and a...
China Shanshui unit takeover
China Shanshui Cement Group said it has taken over the headquarters of its main operating unit, Shandong Shanshui Cement Group Ltd, following a management dispute. The Chinese...
Anhui Conch
With cement demand shrinking in its home market, Anhui Conch is ramping up its business overseas. In January-September 2015, China reported a five per cent YoY fall in cement p...
China Shanshui Cement defaults on CNY1.8bn bond
China Shanshui has defaulted on a CNY1.8bn three-year bond carrying an annual interest rate of 5.4 per cent that matured on Thursday, the South China Morning Post reports. The...
China: BBMG Corp expects lower profit on weaker cement demand and pricing
China-based BBMG Corp said it expects to record a 10-22 per cent decrease in net profit attributable to shareholders for the year ended 31 December 2015 compared to a year earl...
China Resources warns of significant decrease in full-year attributable profit
China Resources Cement said it expects profit attributable to the owners for the year ended 31 December 2015 to significantly decrease as compared with that of the previous yea...