Metso strengthens position in China
Metso is strengthening its presence in the fast growing Chinese construction market through two strategic actions: establishing a joint venture with LiuGong Group Corp and acqu...
China
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Gansu Cement to raise RMB1.68bn via rights issue
Gansu Qilianshan Cement Group Co plans to raise up to RMB1.68bn via a rights issue. The company will sell 142m shares to its shareholders at a ratio of three new shares for ...
Dangote orders 500 heavy-duty trucks from Beiqi Foton
Nigerian cement producer Dangote Cement has awarded the contract for 500 Foton-Daimler heavy-duty trucks to Beiqi Foton, one of China’s largest commercial vehicle manufacturers.
Huaxin Cement to see restricted shares become tradable
China-based cement producer Huaxin Cement Co Ltd said on 8 November that 77.01 million of its restricted shares will become tradable on the market on November 14th.
Deutsche Bank sees modest China earnings recovery in 2013
Deutsche Bank has turned more positive on China's average selling pricing recovery in the next 12 months. For 2013, it expects a revival of property starts and captive supply ...
Cementir's ready-mixed concrete volumes weaken
Cementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest...
Taiwan Cement sees higher demand and prices lifting fourth quarter
Taiwan Cement Co expects profits to rise in the fourth quarter of on the back of increasing demand and rebounding cement prices in China. TCC’s net profits in the first thre...
South Cement Co to issue short-term bills, China
South Cement Co, owned by China National Building Materials Co, has announced it plans to issue CNY1.5bn (US$240m) in short-term bills with a maturity of 365 days in the interb...
China cement sees Jan-Sept slowdown
China's cement sector witnessed a sharp slowdown in the first nine months of this year, according to the latest data from the National Development and Reform Commission (NDRC) ...
Moody's assigns definitive Aa1 to China Resources Cement bonds
Moody's Investors Service has assigned a definitive Aa1 rating to the 5-year bonds issued by China Resources Cement Holdings Ltd. Moody's has removed the rating from provisiona...