Anhui Conch
Anhui Conch has reportedly signed an agreement to construct a 2Mta cement plant in Ulyanovsk, Russia. Located on the Volga River in the west of the country, Ulyanovsk lies 893k...
China
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China: Huaxin first-half profit plunges 82%
Huaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holci...
Egypt: South Valley signs contract with Sinoma CDI
Egypt-based South Valley Cement Company (SVCE) has signed a contract with Chinese firm Sinoma CDI, to carry out a new grinding line, vice chairman Hussien Shbakshy said Wednesd...
Chinese company signs MoU for Pakistan plant
A memorandum of understanding (MoU) has been signed between the Punjab government and Chinese cement company Yantai Baoqiao Jinhong for the establishment of a cement plant, acc...
West China Cement first-half profit plummets
West China Cement Ltd’s net profit slumped 99 per cent in the first half as China's economic slowdown took a toll on cement consumption. The company said first-half net profi...
Shanshui Cement issues first-half profit warning, China
Shanshui Cement on Friday said it expects to record a loss in net profit for the six months ended 30 June 2015 compared to the net profit of the same corresponding period in 20...
Moody's assigns first-time A3 rating to Anhui Conch Cement
Moody's Investors Service has assigned a first-time A3 issuer rating to Anhui Conch Cement Company Ltd. The rating outlook is stable. "Conch's A3 rating reflects its leadershi...
China: Guangdong Tapai Group 1H affected by pricing pressures
Guangdong Tapai Group saw net profit fall to CNY186m (US$29m) for the first half of 2015, down 47.81 per cent from the same period a year ago. Operating revenue fell was down 7...
Conch reportedly planning Russian investment
Anhui Conch Cement Co of China is planning to build a 2Mta a cement plant in the Ulyanovsk region of Russia, local press report. The estimated investment in the project is US$3...
Chinese demand seen improving - Citi
Cement demand in China is likely to improve sequentially in the coming six months with the speeding up of infrastructure construction and more policy support, says Citi. Ceme...