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 th...
China
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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.
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 incre...
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 on...
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 by...
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.
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 profi...
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.
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 markets...
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 a...