China's changing dynamics
The dynamics between small and large players in the Chinese cement industry could all change next year on the back of a number of new policies led by a change in tax rebate pol...
China
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Sichuan Shuangma to acquire stake in Dujiangyan Lafarge
Sichuan Shuangma Cement Co says it plans to acquire a 25 per cent stake in Dujiangyan Lafarge Cement from Lafarge China Offshore Holding Company for about CNY832m (US$136.5m). ...
Guangdong to launch carbon permits market
Guangdong, a heavily industrialised province in China, plans to launch a carbon emission trading scheme next month, which will be the world's second largest after the EU. The...
TCC International receives buyout bid
TCC International Holdings said it received a buyout offer from its parent company Taiwan Cement Corp. Taiwan Cement currently holds a 56.5 per cent stake in TCC Internationa...
China: Qingsong Building Materials acquires Xinjiang cement business
Xinjiang Qingsong Building Materials & Chemicals (Group) Co Ltd has acquired a 31.64 per cent stake in Yili Nangang Building Materials (Group) Co Ltd for CNY169m (US$27.7m), th...
Anhui Conch Jan-Sept net profit rises 36.82%
Anhui Conch Cement Co 's net profit in the first nine months rose 36.82 per cent YoY to CNY5.36bn (US$878.6m), the company said in its third-quarter report. Basic earnings per...
Asia Cement nine month profit surges, China
Asia Cement said net profit attributable to shareholders for the first nine months of the year rose by 166 per cent YoY to CNY391m (US$64.25m). Revenue rose by 3.9 per cent f...
JP Morgan lifts stake in Anhui Conch
JPMorgan Chase & Co purchased 2.05 million shares (a 0.16 per cent stake) in Anhui Conch Cement Co Ltd on 17 October, increasing the stake to 12.12 per cent, according to the H...
Daiwa raises CRC target price, China
Daiwa Research raised its target price for China Resources Cement (CRC) to HK$6.6 from HK$5.95, and retained its "buy" rating. The research house cited management noting tha...
China: new measures to curb overcapacity
China has announced new plans to curtail overcapacity that is persisting in a number of sectors and is offering fiscal incentives to encourage the removal of obsolete capacity....