Fitch Downgrades Shanshui to 'B-'; Outlook Negative
Fitch Ratings has downgraded China Shanshui Cement Group Ltd's (Shanshui) Long-Term Issuer Default Rating (IDR) and senior unsecured ratings to 'B-' from 'B+'. The agency has al...
China
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Moody's: Conch Cement's 1H15 results are in line with its A3 rating
Moody's Investors Service, (Moody's) says that Anhui Conch Cement Co Ltd's 1H15 results are in line with its A3 issuer rating and stable outlook.
CNBM reports 56% drop in first-half profit, China
China National Building Materials (CNBM) reported a 56 per cent decline in net profit for the first half of 2015, in line with the recent profit warning. JP Morgan's Asia Metals...
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 893km...
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 Holcim gr...
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 Wednesda...
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, acco...
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 profit f...
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 201...
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 leadership ...