Huaxin sales increase 30 per cent since Holcim investment, China
Holcim has said that its Holcim said that its joint venture Hubei Huaxin Cement has seen annual sales growth of 30 per cent since it invested in the company.??Holcim entered t...
China
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Brighter outlook for global markets?
A recent report by Morgan Stanley sees the global supply-demand balance turning positive, leading to improved pricing power which it expects will return globally next year. The...
Anhui Conch issues profit warning, China
Anhui Conch warned on Thursday that it expects net profit for the six months ending June to decrease "considerably" YoY because of weaker demand for cement. The company estim...
Deutsche Bank buys 20.54 mln shares in Shanshui Cement, China
Deutsche Bank AG acquired 20.54 million shares in China Shanshui Cement Group Ltd at HK$ 5.47/share and for a total of HK$112m on May 28th, sources reported, citing information...
Conch Cement to buy in Xinjiang Qingsong non-public issuance
Xinjiang Qingsong Building Materials and Chemicals (Group) Co announced that it has signed a framework agreement with Anhui Conch Cement Company that the latter would buy 150 m...
Cemex to supply large Qingdao urban complex, China
Cemex announced today that it is supplying nearly 60,000m3 of ready-mix concrete for the first stage construction of what is expected to be the largest urban complex in the Chi...
Southern Province Cements signs contract with Sinoma for Line No 3
Southern Province Cement (SPC) and Chinese engineering company Sinoma have signed a SAR707m (US$188m) contract for the installation of a third new line at SPC’s plant in Tuhama...
China consumption far from peaking – comment
Daiwa investment bank says China's cement demand is "still far from peaking," as it expects policy loosening to accelerate construction activity, resulting in an uptrend in cem...
Daiwa reduces Anhui Conch price target, China
Daiwa Research reduced its target price for Anhui Conch to HK$23 from HK$29.5, and downgraded the stock to "hold" from "outperform". The house said cement demand and selling ...
Anhui Conch outlook
HSBC has upgraded China-based Anhui Conch Cement to Overweight from Neutral, with an unchanged target price of HK$27.20. It tips "value emerging" for China cement sector, as r...