China demand nears 'turning point' - UBS
China's cement sector has entered the "new normal" of stagnant demand, according to UBS. "The turning point in China cement demand growth is near, in our view, amid limited p...
China
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Taiwan Cement Corp subsidiary in Chinese acquisition
Taiwan Cement Corp announce that it plans to spend CNY676m (US$1117m) to acquire Sichuan Railway Group Cement via a subsidiary as part of its plans to increase its presence in ...
CNBM to acquire stake in Shanshui Cement
China National Building Material Co (CNBM) is set to acquire a 20 per cent stake in Shanshui Cement Group for HK$1.56bn (US$201m). Shanshui Cement will sell 563.2M new shares ...
China: three cement firms fined for price fixing
Jilin Yatai Group Cement Sales Co Ltd (Yatai), North Cement Co Ltd and (North) and Jidong Cement Jilin LLC (Jidong) were handed out fines for price fixing after China's Nationa...
China’s August cement production stable at 224Mt
China’s cement output remained largely stable in September 2014 at 224.15Mt when compared against August 2014, when the world’s largest cement maker produced 224.8Mt. YoY outpu...
China: Anhui Conch boosts profits and Gansu Shangfeng Cement invests
Anhui Conch Cement reports that its net profit attributable to equity shareholders for the first nine months of 2014 rose 51.8 per cent YoY to CNY8173m (US$1.3bn). The company’...
Barclays raises target price for CRC, maintains rating
Barclays Research raised its target price for China Resources Cement to HK$5.91 (US$0.76) from HK$5.79 and maintained its "equal weight" rating. Despite the strong cement pri...
Asia Cement (China) expects 30% rise in nine-month profit
Asia Cement (China) Holdings Corp said Friday its profit for the nine months ending in September is expected to increase 30 per cent YoY. The company said in a statement that ...
Two Conch subsidiaries hit September highs
Anhui Conch Cement Co Ltd reported that output and sales of its major subsidiaries hit record highs in September. The company's Foshan subsidiary in south China's Guangdong ...
Taiwan Cement further hikes price in China
Taiwan Cement announced a further rise in cement prices in China’s Guandong province due to the increasing demand in the domestic market. The price hike follows an earlier inc...