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 the...
China
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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 thi...
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 m...
China looks to embrace sustainability
When Li Juan took a look at European quarries last year, she was amazed by what she saw. Li, who has been a researcher at the China Building Materials Academy for more than a de...
China: cracks begin to appear
With a downturn looming, major cement companies in China are using various strategies to weather the tough times, such as consolidation and a push for greener technologies.
China first-quarter output rises 7.3%, prices fall
According to the latest statistics released by China’s National Development and Reform Commission China cement output grew only 7.3% YoY in the first three months of this year s...
China Huaxin Cement changes investment plant
Huaxin Cement said it will terminate plans to invest in 10 concrete projects and will use CNY172.56m of the uninvested funds on seven new projects, reports Yicai, citing a compa...
Risk to China cement stocks ‘more on the upside’
UBS said that last week, cement prices in most regions of China remained flat and cement inventory levels fell in many regions due to better sales. The house says it is not expe...
China 1Q cement output up 7.3% YoY at 398.1bt
China produced 398.1Mt of cement in the first quarter of this year, an increase of 7.3% YoY, according to the latest data released by the National Development and Reform Commiss...
Anhui Conch net profit falls 43.61%, China
Anhui Conch Cement said yesterday that its net profit dropped 43.64% YoY to CNY1.25bn in the first quarter of this year, due to falling cement prices and rising production costs...