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 rise...
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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 i...
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 Ch...
China Resources Cement in grinding acquisition, China
China Resources Cement (CRC) has agreed to acquire a 100 per cent equity interest in Hainan Wuzhishan Dajiangnan Cement Ltd. Hainan Wuzhishan Dajiangnan Cement operates a 0.6Mta...
SOCAM to exit Lafarge joint venture by 2015, China
SOCAM DEV announced that the shareholders of Lafarge Shui On Cement Ltd, in which it has a 45 per cent interest, have agreed on a plan to facilitate the exist of the group from ...
China Resources Cement to sign coal agreement
China Resources Power said it agreed to supply coal to China Resources Cement with a term of three years from 1 January 2013 to 31 December 2015. According to local press, the u...
Tianshan Cement to invest in Xinjiang region, China
Xinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, announced today that it will invest a CNY985m (US$157.6m) to expand its business in Xinjiang Uyghur Autonomou...
Cement prices see third week of decline, China
The average selling price (ASP) of cement in China has continued its downward trend and registered its third consecutive week of decline since mid-November.
Taiwan Cement Corp to sign syndicated loan for expansion
Taiwan Cement Corp is expected to sign the contract for a syndicated loan worth NT$12.5bn (US$416.67m) to expand operations in China and acquire local cement plants. The Chinese...
China cement prices see second consecutive weekly decline
The average price of cement price in China continued to decline in the last week in November, showing a drop of 0.72 per cent on the previous week and marking the second consecu...