Italcementi: June '12
A reduction in the use of clinker, which has fallen back to a level last seen in the early 1970s, has led Italcementi to eliminate three of its Italian cement works. The Ponta...
China
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Anhui Conch to issue corporate bonds, China
Anhui Conch Cement said on Wednesday that its board of directors has approved its plan to issue up to CNY6bn worth of corporate bonds with a maturity of no more than 10 years. ...
Brazil competition authority approves Camargo purchase of Cimpor
Brazil’s competition authority CADE has approved Camargo Correa’s purchase of a controlling stake in Portuguese cement producer Cimpor, subject to several conditions. The ma...
China Tianrui sees 1H net profit down 30%
China Tianrui Group Cement said it expects net profit to be down around 30 per cent for the first half of 2012 compared to the same period of last year. The company said tha...
Sichuan Shuangma Cement in private placement, China
Sichuan Shuangma Cement Co Ltd, a Shenzhen-listed producer and distributor of cement, said on 2 July 2012 that it plans to issue no more than 121 million shares to 10 designate...
Gansu Qilianshan Cement issues profit warning
Gansu Qilianshan Cement Group expected its first-half net profit to fall at least 50 per cent YoY and follows warnings from other industry peers. According to reports in Chi...
CNBM to inject capital into North Cement, China
China National Building Material (CNBM) said it has entered into a capital contribution agreement with Jingang Group and Shanghai Zhentong with a view to contributing capital t...
Qilianshan Cement's net profit to drop by 50% in 1H
Gansu Qilianshan Cement Group Co Ltd, a Shanghai-listed cement producer, forecasted on June 27th that its net profit will decrease at least 50% on-year in the first half of 2012.
China Resources Cement's 1H profit likely to fall 21%
China Resources Cement has warned of a sharp drop in gross profit margin in 1H12 to 21 per cent from the 33 per cent last year as selling prices for cement products have falle...
China output growth rate slows
In the first five months of 2012, China’s cement production increased five per cent to 793.98Mt, the National Development and Research Commission (NDRC) said. However, the g...