China: Northern Cement to issue CNY1bn bills
Northern Cement Co announced Tuesday that it would issue CNY1bn (US$160m) worth of 365-day bills on 4 June 2014. The money raised will be used to repay bank loans and replenish...
China
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Eurocement inks US$500m Chinese supply deal
Russian cement major Eurocement Group has signed a package of contracts with Chinese companies for equipment supply, engineering, installation supervision and employee training...
China prices expected to rise, exceed market expectations
Cement prices in China are likely to continue rising in the second half this year and go beyond market expectations along, according to industry sources. Cement prices in Chi...
China Resources Cement 1Q14 profit rises 69.6%
China Resources Cement said its profit attributable to owners for the three months ended 31 March 2014 rose 69.6 per cent YoY to HK$768m. Turnover was HK$6797m, an increase of...
Capital Group buys a 9.25% stake in Anhui Conch
The Capital Group Co spent HKD159.21m (US$20.53m) to acquire 5.55m shares in Anhui Conch Cement Co Ltd on 30 April, sources reported, citing the Hong Kong Stock Exchange. Afte...
Myanmar Jidong Cement Co to build 5000tpd plant
Myanmar Jidong Cement Company, a subsidiary of China's Tangshan Jidong, has countered claims that local communities in Hpa-an, Karen state, Myanmar, are opposed to the construc...
Asia Cement expects rise in shipments following Sichuan acquisition
Asia Cement Corp expects a strong rise in shipments from its Chinese unit during the second quarter of 2014 compared to the same period a year ago, as it is set to benefit from...
Catic wins waste heat recovery project from Goltas Goller Bolgesi Cimento, Tukey
Turkish cement maker Goltas Goller Bolgesi Cimento Sanayi ve Ticaret said it has contracted Chinese company Catic Beijing Co Ltd to set up a waste heat recovery power plant at ...
Xinjiang Tianshan floats CNY500m bills in April
Xinjiang Tianshan Cement Co Ltd issued CNY500m (US$80m) worth of financial bills on 29 April 2014 with a maturity of 365 days and a coupon rate of 5.97 per cent, according to a...
Chinese sector set for turbulent ride – MS
The Chinese cement industry is in for a turbulent ride, according to analysts at Morgan Stanley, as falling construction starts and infrastructure investment affect demand. "...