China’s watchdog fines three producers for price fixing
China’s price regulator has fined three domestic cement makers CNY114m (US$18.58m) for price fixing, the National Development and Reform Commission (NDRC) said in a statement o...
China
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Taiheiyo dissolves Xinjiang joint venture
Taiheiyo Cement has ended a Chinese joint venture with a Xinjiang-based company in response to government efforts to cut excess capacity in the cement sector. Following calls...
WCC raises US$400m in bond offering, China
West China Cement (WCC) has raised US$400m in a five-year bond deal with proceeds intended to refinance the same amount of debt. With an order book of US$4bn from 260 institu...
China Shanshui Cement 1H hit by lower prices
China Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent prof...
Taiwan Cement hikes prices 3.2%
Taiwan Cement announced a rise of cement prices in Guangdong and Guangxi, China, by CNY10 (US$1.63)/t or 3.2 per cent to CNY320/t. The company said that as the China market ...
West China Cement first-half revenue rises despite flat volumes
West China Cement reported higher revenue and gross profit margins for the six months to the end of June 2014, boosted by higher average selling prices (ASP) in its core market...
China: MIIT issues warning on new capacity
China’s Ministry of Industry and Information Technology (MIIT) has issued an emergency decree ordering regulatory departments across the country to stop the cement sector from ...
Asia Cement (China) first-half profit rises
Asia Cement (China) said its profit attributable to owners for the six months ended 30 June 2014 rose 49.7 per cent YoY to CNY383m (US$62m). Revenue increased by 23 per cent Y...
Asia Cement completes Sichuan Lanfeng acquisition, China
Asia Cement (China) Holdings has completed the acquisition of a 100 per cent holding in Sichuan Lanfeng Cement at a consideration of CNY968m (US$156.7m) on Wednesday. Sichuan ...
China's first-half output growth slows
Cement output rose 3.6 per cent YoY to 1.14bnt in the first half of 2014, slowing 6.1 percentage points from the expansion seen during the same period last year, according to l...