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 property...
China
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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 recover...
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 rat...
South Cement Co to issue 270-day bills
South Cement Co has announced that it will issue CNY750m (US$120.7m) unsecured super short-term bills with a maturity of 270 days on the interbank market on 6 January.
China: BBMG acquires 60% stake in Hebei line
BBMG announced that the company held 60 per cent equity of Xingtai Yong Ning Cement through transference at a consideration of CNY245m (US$39.46m). Xingtai Yong Ning Cement owne...
Conch Group unveils restructuring plan, China
State-owned Conch Group of China has unveiled a plan to streamline shareholdings within the company.
Devnya wins “Building of the Year 2014” award
Italcementi’s modernisation of the Devyna Cement plant, undertaken by CBMI Construction Co of China, has been awarded Bulgaria’s "Building of the Year 2014" award under the Indu...
Indonesia: PT Conch South Kalimantan cement plant on-stream
PT Conch’s greenfield cement plant has come on-stream in South Kalimantan, Indonesia, with an installed capacity of 1.5Mta. Construction of the factory began in 2012 and has inv...
China to halt output from three northeast provinces
China is to halt cement production in three northeast provinces to reduce winter emissions. The world’s largest cement producer will suspend 103 cement production lines from tod...
China: joint venture formed to restructure Zhongxia Cement
Gezhouba Group Cement Co Ltd and Hubei Zhongxia Cement Company Ltd have signed an agreement to form a joint venture to restructure the assets and businesses of Zhongxia Cement.