Allied Cement issues profit warning, China
China-based Allied Cement said it expects to record a significant decline in net profit by about 40 per cent for the year ended 31 December 2014 as compared to the audited net ...
China
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Anhui Conch Cement Co
As China’s cement producers brace themselves for a sharp deceleration in demand in 2015, Anhui Conch will be keeping a close eye on its developments in Indonesia. Volumes in Ch...
Dongwu raises US$6.70m in private placement
Dongwu Cement International Ltd has completed a private placement of 40m shares at a price of HKD1.30 ($0.16) per share for gross proceeds of HKD52m (US$6.70m). The company ha...
MIT unveils project transfer plan, China
China's Ministry of Industry and Information Technology (MIIT) released a plan to transfer the production capacity of six cement projects under construction in the southwestern...
China National Building Material Co Ltd (CNBM)
Shanshui Cement, in which CNBM has a 16.67 per cent stake, has been revised from ‘negative’ to ‘stable’ by Fitch Ratings. The revised rating is reportedly due to the company’s ...
Anhui Conch Cement Co
Shares in Anhui Conch Cement soared late last month following the announcement of a restructuring plan. Under the plan, the 51 per cent equity in Conch Holdings currently held ...
South Cement Co to issue 270-day bills
South Cement Co, Ltd, a subsidiary of Hong Kong-listed China Building Materials Co, has announced it will issue CNY1.5bn (US$240m) unsecured super short-term bills with a matur...
BBMG Corp issues profit warning, China
Chinese cement producer and property developer BBMG Corp said its 2014 net profit is expected to fall by up to 25 per cent from the year earlier, on weaker sales in the prope...
Stronger markets in 2015?
What does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative re...
Fitch Ratings revises China Shanshui Cement Outlook
Fitch Ratings has revised China Shanshui Cement Group Ltd's Outlook to Negative from Stable. Meanwhile, Shanshui's Long-Term Issuer Default Rating (IDR) and senior unsecured ra...