Taiwan Cement ‘cautiously optimistic’
Taiwan Cement Corp (TCC), which is fast-expanding in the China cement market, expects demand to pick up gradually this year in its two main markets, after it reported a 20 per ...
China
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Allied Cement net profit drops, China
Allied Cement Holdings Ltd, based in Shandong Province and Shanghai, said net profit declined 54.8 per cent YoY in 2011 to HK$ 76.16m. However, sales increased 60.7% YoY to HK...
Jiangxi Wannianqing Cement net profit rises, China
Jiangxi Wannianqing Cement Co Ltd reported a 230 per cent YoY rise in net profit year due to an increase in sales volumes and higher selling prices. China Business Newswire re...
China: broad recovery in demand anticipated
Analysts said Thursday that Chinese cement and building-material firms are seeing a broad recovery in demand and have forecast cement prices to rise throughout the year, as war...
Deutsche Bank raises stake in Shanshui Cement, China
Deutsche Bank acquired 33.09 million shares in China Shanshui Cement Group Ltd at HK$ 5.55 apiece and for a total of HK$ 184m last Friday, China Business Newswire reported, cit...
China to tighten restrictions on capacity expansion
China is to tighten restrictions on increases in new capacity in 2012 to manage surplus capacity, according to Liu Ming, an official of the National Development Reform Commissi...
Credit Suisse lowers BBMG Corp target price
Credit Suisse lowered its target price for BBMG Corporation to HK$9.6 from HK$11.9, and maintained its "outperform" rating. The research house said the China-based producer ...
China United Cement to issue bills
China United Cement Group Co, a unit of China National Building Material Co, plans to issue CNY1bn worth of 365-day unsecured bills on the interbank market today. Coupon rat...
Fujian Cement reports marked rise in net profit, China
Fujian Cement recorded CNY124m (US$19.66m) in net profit last year, up a staggering 1434 per cent YoY, China Business Newswire citing the company’s annual report released in Ma...
Anhui Conch net profit up 87.8%, China
Anhui Conch announced an 87.8% rise in net profit YoY to CNY11.59bn (US$1.8bn) on the back of higher prices and sales. This figure was in line with the company’s guidance rele...