Conch Group to issue short-term bills, China
The Anhui Conch Group said it plans to issue CNY1.5bn (US$241m) in unsecured bills with a maturity of 365 days on the inter-bank market next week.
China
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Dongwu Cement's net profit slumps, China
Dongwu Cement International Ltd saw its net profit slump 98.81 per cent YoY to CNY1.04m (US$ 167,722) . Operating revenue, meanwhile, dropped 30.8 per cent YoY to CNY321m in 201...
China output climbs 10.8 per cent YoY
Cement production in China reached 237.29Mt in the first two months of 2013, an increase by 10.8 per cent from the same period of last year, according to latest data from the Na...
MacGregor wins order for cement handling systems in China
MacGregor, part of Cargotec, has secured an order with Shanhaiguan New Shipbuilding Industry in China for advanced bulk-handling systems for a pair of 20,000dwt cement carriers ...
Deutsche Bank: Conch to gain greater pricing power, China
In light of slowing demand growth and severe overcapacity in East China, the operating landscape has changed in favour of Conch partly through superior production costs and grea...
Anhui Conch net profit hit by weaker prices, China
Anhui Conch reported a 45.6 per cent in net profit for 2012 due to weaker average selling prices. The company reported net profit of CNY6.31bn (US$1bn) last year as average pric...
Asia Cement (China) net profit falls 70%
Asia Cement (China, a subsidiary of Taiwan-based Asia Cement, has reported a drop in annual net profit and revenue due to declining prices.
Credit Suisse lowers China Shanshui Cement target price
Credit Suisse lowered its target price for China Shanshui Cement to HK$4.2 from HK$5.5, and maintained its "neutral" call. The house expects unit gross profit to soften in 2013 ...
Moody’s: West China Cement investment slowdown ‘positive sign’
West China Cement’s (WCC) slowdown in investments is also a positive, according to Moody's analyst, Jiming Zou, lead analyst for WCC.
Chinese producers report declines in net profit
Three China-based cement producers have reported declines in net profit and operating revenue for 2012.