Taiwan producers invest further in China
Despite recording a decline in first-half net profits Taiwain-based cement producers Taiwan Cement and Asia Cement, have underlined their confidence in the Chinese market by pl...
China
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Sichuan Shuangma Cement 1H net profit slumps, China
Shenzhen-listed producer, Sichuan Shuangma Cement Co, reported a 112.95 per cent loss in net profit for the first half of 2012 to CNY11.64m (US$1.8m) China Business Newswire re...
Iberian impairments push Cimpor into a loss
Cimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. ...
Taiwan Cement to invest in strengthening position in China
Taiwan Cement Co (TCC) is to invest TWD9bn (US$300m) annually over three years in China to achieve a production capacity of 100Mta by 2016, according to the company’s head. ...
Tangshan Jidong Cement majority shareholder increases stake, China
Tangshan Jidong Cement announced that its controlling shareholder, Jidong Development Group Co Ltd, has acquired a combined 14.01m shares, ore a 1.04 per cent stake in the comp...
JP Morgan lowers BBMG Corp target price, China
JP Morgan has lowered its target price for BBMG Corp to HK$5.5 from HK$6.3 and maintained its ‘neutral’ rating. The research house says the weakness in the cement business w...
China quarry blast death toll rises
The death toll from a quarry blast at a south China cement factory earlier this week has risen to 10 while 18 other have been confirmed injured, local authorites have said. ...
China cement plant explosion kills nine
An explosion at the quarry of a cement plant in southern China killed nine people and left one person missing, the official Xinhua News Agency reported, citing local authoritie...
China Shanshui Cement first-half net profit falls 41 per cent
China Shanshui Cement has reported a net profit of CNY728m (US$114m) for the first half of 2012, representing a decline of 41 per cent YoY on the back of a slowing demand. In t...
Jidong Cement's 1H12 profit down 85 per cent
Tangshan Jidong Cement Co Ltd, a construction materials manufacturer and distributor based in Tangshan, Hebei province, has announced its net profit attributable to shareholder...