China Shanshui Cement top shareholder to fund bond redemption
China Shanshui Cement's top shareholder, Tianrui Group, said it will provide funds to the cash-strapped firm to redeem a US$500m global bond, Reuters reports. "Tianrui Group sha...
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Coal prices set to fall further
Cement producers can expect to look forward to lower coal prices as world demand for the commodity is expected to fall and over-investment in mines is causing a production hike.
Producers in north China to trial winter peak shifts
China’s Ministry of Industry and Information Technology (MIIT) has unveiled a document to ask cement enterprises in northern China to carry out peak-shifting production on a tri...
Loesche wins new Saudi cement grinding order
Arabian Cement Co (ACC) has placed an order with CNBM (China) for a cement grinding plant including two Loesche vertical roller grinding mills. ACC is planning to build a new br...
Anhui Conch Cement reports decline in operating profit
Operating profit at Anhui Conch Cement fell 31 per cent YoY to CNY7.05bn (US$1.1bn) in the nine months through September on the back of weaker demand and pricing competition. Re...
Anhui Conch
China's cement producers, including Anhui Conch, will be watching closely to see if recent economic measures by the country's government result in the desired calming of the eco...
China Resources Cement nine-month net profit drops 61%
China Resources Cement said its profit attributable to owners for the nine months ended 30 September 2015 dropped 60.6 per cent YoY to HKD1282.2m.
CNBM issues 9M15 profit warning
China National Building Materials (CNBM) warned investors that its nine-month profit will likely plunge 80 per cent from a year earlier, implying that 3Q15 slipped into losses. ...
Two China Shanshui Cement shareholders make deposit for proposed acquisition
Two shareholders of China Shanshui Cement Group Ltd have made a deposit for their proposed acquisition, Bloomberg reports. China National Building Material Co. and Taiwan’s Asia...
Shareholders of China Shanshui Cement Group vote to keep chairman
Shareholders of China Shanshui Cement Group Ltd have voted to keep Chairman Zhang Bin at a meeting in Hong Kong Tuesday, Bloomberg reports. The Shandong-based group held an extr...