Asia Cement targets increased market share
Asia Cement Corp said it plans to boost its market share in the provinces of Hubei, Jiangxi, Sichuan and Jiangsu, the company disclosed at its annual shareholders’ meeting. Thro...
China
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China cement exports decline in 4M14
China's cement exports declined by 9.4 per cent YoY to 2.96Mt in the first four months of 2014, according to data released by the General Administration of Customs. However, the...
Deutsche Bank lowers China demand forecast
According to the latest research report by Deutsche Bank, cement demand forecast was lowered to 4.5 per cent, due to the recent slowdown in the real estate market in China. Howe...
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 ...
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.
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 1...
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
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 construct...
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 ...