Xinjian Tianshan Cement expects 75 per cent net profit drop, China
Xinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, estimated 25 January that net profit for 2012 to be about CNY305m (US$49m), a a YoY decline of 75 per cent.
China
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Huaxin to acquire stakes in two Hubei-based companies, China
Huaxin Cement is continuing its acquisitions policy by announcing it plans to acquire stakes in two companies based in Hubei province. The Chinese producer is set to buy a 7...
Taiwan Cement Corp secures syndicated loan, Taiwan
Taiwan Cement Corp (TCC) has secured a five-year oversubscribed syndicated loan of TWD14bn (US$48.29m) from 12 banks, including two Chinese lenders, the company said in a press...
Moody's withdraws Tianrui Cement's rating, China
Moody's has withdrawn its rating for Tianrui Cement’s, the largest cement producer in China's Henan and Liaoning provinces, for its own business reasons. China Tianrui Cement...
Nomura cautious on China demand growth and average prices
Investment bank Nomura is bearish on China cement but is less positive than the market on 2Q13 and 2013 demand growth and potential average selling prices (ASP). The house h...
BBMG Corp sees fall in net profit on lower prices, China
BBMG Corporation said its preliminary net profit attributable to shareholders dropped 26.48 per cent YoY to CNY2.52bn (US$405) in 2012 mainly due to a decline in selling prices...
Jiangxi Wannianqing expects 60-70% profit fall, China
Jiangxi Wannianqing Cement Co Ltd estimates that its net profit decreased 60-70 per cent YoY in 2012, compared with a net profit of CNY506m (US$81.4m) in 2011. The company Shen...
UBS lifts China Resources Cement
UBS lifted its target price for China Resources Cement (01313) to HK$5.5 from HK$5.05, but downgraded the stock to "neutral" from "buy". It said CR Cement's share price has ri...
SINOMA accelerates southwest expansion with Taiwan Cement
China National Materials Group Corporation Ltd (SINOMA) and Taiwan Cement Corporation recently inked agreement in Hong Kong for strategic cooperation. Both sides will exchange...
China Tianrui Cement 'B+' rating affirmed; outlook stable
Standard & Poor's Ratings Services said it had affirmed its 'B+' long-term corporate credit rating and 'cnBB' long-term Greater China regional scale rating on cement producer C...