China: Zhongxia Cement joint venture established
China Gezhouba Group reports that its wholly-owned subsidiary Gezhouba Group Cement signed an agreement with Hubei Zhongxia Cement on 26 November, for a joint venture company th...
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China: Chongqing Conch commissions new line
Chongqing Conch Cement commissioned its third clinker line on 16 November. The new 4500tpd clinker line at Zhongxian was partially contracted by the Housing Engineering Technolo...
Tangshan Jidong Cement Co to issue CNY1bn bills
Tangshan Jidong Cement Co, Ltd has announced that it will issue CNY1bn (US$16.3m) unsecured short-term bills with a maturity of 365 days on the interbank market on 21 November 2...
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 pote...
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 C...
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 at...
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 National...
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 output...
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’s...
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.