Chinese firm signs MoU for Masvingo plant, Zimbabwe
Masvingo Rural District Council has signed a Memorandum of Understanding with Xhing Xhong Cement Co of China for the establishment of a new cement plant in Zimbabwe. “I can co...
China
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China Tianrui Group Cement Co to issue CNY500m unsecured short term bills
China Tianrui Group Cement Co, a leading clinker and cement producer in Henan and Liaoning provinces, has announced that it will issue CNY500m (US$80.7m) unsecured short-term b...
Shandong Shanshui Cement to issue CNY900m 366-day bills
Shandong Shanshui Cement Group Ltd, the subsidiary of China Shanshui Cement Group Ltd, has announced that it will issue CNY900m 9US$145.1m) unsecured short term bills with a ma...
China Tianrui increases stake in China Shanshui Cement
China Tianrui Group Cement last month increased its stake in China Shanshui Cement to 28.16 per cent, more than Shanshui founder Zhang Caikui. Fitch Ratings deemed the move a...
China's building materials output falls in 1Q15
Output of China's building materials sector fell in the first quarter of 2015 as the property market remained weak, the country's top economic planner indicated on Wednesday....
Cementtech 2015 underway in Beijing, China
The China International Cement Conference opened yesterday at the Hotel Nikko New Century Hotel in the Chinese capital Beijing, with sustainable development and over capacity r...
Conch's 1Q15 earnings fall 31%
Anhui Conch reported 1Q15 net profit of CNY1.7bn (US$274m), down 31 per cent YoY. Sales declined 11 per cent YoY driven by almost a 20 per cent decline in average selling price...
Asia Cement issues profit warning, China
Asia Cement (China) said it expects to record a substantially lower – over 95 per cent – net profit for the first quarter of 2015 compared with the same period of last year. ...
China Resources Cement 1Q15 attributable profit drops 14% YoY
China Resources Cement said its profit attributable to owners for the three months ended 31 March 2015 dropped 14 per cent YoY to HK$660m (US$85m). Basic earnings per share wer...
Fitch downgrades Shanshui to 'BB-'; on Negative Watch
Fitch Ratings has downgraded China Shanshui Cement Group Ltd's Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BB-' from 'BB'. The ratings have also been ...