Huaxin sees 82.3 per cent slide in 1H12 net profit, China
Huaxin Cement said net profit for the first half of 2012 fell 82.3 per cent YoY to CNY95.92m (US$15m). Operating revenue slid 1.53 per cent YoY to CNY5.49bn with basic earnings ...
China
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Yu Shiliang announced as new Sinoma chairman, Chairman
Following the sudden death of Sinoma chairman Tan Zhongming on Sunday, the company has announced that vice chairman Yu Shiliang will succeed him as chair. Tan, who was in his la...
S&P lowers West China Cement corporate rating, China
Standard & Poor's Ratings Services lowered its long-term corporate credit rating on West China Cement Ltd. (WCC) to 'B+' from 'BB-'. The outlook is negative. The research house ...
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 pla...
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 rep...
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 compa...
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 was o...
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.