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
998 posts · Page 91 of 100
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 fallen....
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 growt...
Conch acquires stake in Xingjian Qingsong, China
Anhui Conch Cement Co has completed the acquisition of a 19.99 per cent stake in Xinjiang Qingsong Building Materials and Chemicals (Group). The company said in a statement file...
Asia Cement to build plant in Northern China
Asia Cement has announced plans to build a new plant 10Mta plant in Handan, Hebei province, marking the Taiwan-based producer’s first foray into the North China Market.
Taiwan Cement: cautiously optimistic on second-half prospects
The implementation of various infrastructure projects in Taiwan is expected to help improved market conditions in the second half of this year, the head of the country's leading...
Tangshan Jidong Cement acquires majority stake in Wubao Jidong, China
Tangshan Jidong Cement announced it has acquired a 51 per cent stake in Wubao Jidong Special Cement for CNY173m, reports Securities Times, citing a company filing yesterday. At ...
China prices continue to fall
The average price of cement across China last week fell 0.83% to CNY336.25/t compared to the previous week. Cement prices have been falling since the end of April registering pr...
Signs of recovery for China’s cement sector
Analysts at brokerage Daiwa have noted "green shoots of recovery" for China's cement sector.
West China Cement profit warning
West China Cement (WCC) warned that its net profit in the first half of this year is expected to plunge more than 50% on-year due to a drop in cement price.