Gansu Qilianshan hit by declining prices, China
Gansu Qilianshan Cement Group Co said that its net profit attributable to shareholders plunged 89 per cent YoY to CNY26.49m (US$4.2m) in the first half of this year due to a sh...
China
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West China Cement denies fraud claim
Shares in mainland cement maker West China Cement were suspended from trading at the company's request yesterday, following the release of an analyst's report alleging the comp...
Jidong Cement set to sell debt financing instruments
Tangshan Jidong Cement Co plans to issue not more than CNY3bn (US$471m) debt financing instruments maturing in not more than three years in a non-public offering. Financing wil...
China cement demand to recover by end-Aug - UBS
Chinese cement makers are higher on hopes that Premier Wen Jiabao's remarks on ensuring growth may boost demand for the sector given its wide use in infrastructure and construc...
Tongli Cement reports 8.61% increase in 1H12 net profit
Henan Tongli Cement Co said that its net profit rose 8.61% YoY to CNY97m (US$15.2m) in the first half of 2012, with basic earnings per share of CNY0.3. Meanwhile the compan...
FLSmidth falls on weaker China outlook
FLSmidth & Co fell the most in eight weeks in Copenhagen on the outlook for slowing demand for its products as China’s expansion cools, according to Bloomberg reports. The s...
China Tianrui Group considers bond sale
China Tianrui Group Cement Co is considering selling a three-year offshore yuan bond, known as a dim sum bond, a source disclosed to Dow Jones. The cement producer, which op...
BBMG Corp expects 1Q net profit drop, China
BBMG Corp expects its net profit to fall 12.75 per cent in the first half of 2012 to CNY1.43bn (US$223.9m) due to declining cement prices amid weak demand. The company’s ope...
Xinjiang Tianshan Cement to issue CNY400m of bills
Xinjiang Tianshan Cement Co Ltd said it plans to issue CNY400m (US$62.7m) worth of unsecured short-term bills with a maturity of 365 days on July 24th. Shanghai Pudong Develop...
Daiwa cuts Shanshui Cement, China
Daiwa Research has lowered its price target for China Shanshui Cement to HK$4.2 from HK$8.7 and downgraded its stock from ‘outperform’ to ‘buy.’ Shanshui has revised down it...