China to fast track infrastructure investment to spur growth
China will fast track approvals for infrastructure investment to combat a slowdown in the economy, state-backed China Securities Journal reports. The government had asked ...
China
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Fujian Cement to inject CNY950m into subsidiary, China
Fujian Cement Inc is to jointly invest with its second-largest shareholder, South Cement Co Ltd, a combined CNY950m (US$150m) into Fujian Cement's fully-owned cement subsidiary...
Deutsche Bank sells 86.58m shares in Shanshui
Deutsche Bank AG sold 86.58m shares, or a 3.08% stake, in China Shanshui Cement Group Ltd at HK$5.79/share and for a total of HK$502m on 10 May, according to a filing on the Ho...
Citi cuts CNBM, Conch target price, China
Citi Group has cut the target price of Chinese players CNBM to Sell and Anhui Conch to Neutral and outlines the latter's latest moves in terms of suspended and new capacity. ...
West China acquisition of Fuping Cement positive – Moody’s
Moody's commented that West China Cement's (WCC) acquisition of Fuping Cement is credit positive for WCC (Ba3, negative). Fuping Cement owns a 2Mt cement production plant in ...
CRH to begin conciliatory talks, plans to increase China stake
Irish Cement, a subsidiary of CRH, will begin talks today with representatives of 100 workers who have been on strike for almost five weeks, the Irish Times reports. Staff at ...
Jiangxi Wannianqing gets private placement approval
Jiangxi Wannianqing Cement Co Ltd, a Jiangxi Province-based producer of cement and clinker, announced on May 7th that it was approved by China Securities Regulatory Commission ...
Huaxin Cement to issue CNY2bn bonds, China
China's Huaxin Cement Co is planning to sell CNY2bn (US$317m) of bonds to fund the expansion of its business, a source familiar with the deal said Wednesday. The source said t...
China Resources Cement prices weaken in1Q2012
China Resources Cement Holdings Ltd, the largest cement producer in South China, saw its average sales price decline 6% or RMB20/t Y-on-Y to RMB340/t in the first quarter of th...
Italcementi to become strategic partner of West China Cement
Italian cement maker Italcementi said it has agreed to acquire a stake in West China Cement (WCC) as the group moves to strengthen its position in the world's largest building ...