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 rate wi...
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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 Mar...
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.
TCC International reports 38% rise in revenues
TCC International Holdings Limited together with its subsidiaries reported a 38.6 per cent rise in revenues on the back of exceptionally strong demand during the low season in t...
China Shanshui revenues rise 42%, China
China Shanshui Cement Group which operates mainly in the Shandong and Liaoning Provinces in China, said sales growth of 42.2% to CNY16,862m for the 12 months ended 31 December 2...
China: ready for a new era?
The 13th China International Cement Industry Exhibition and Cement Conference 2012, which takes place between 28-30 March, is an opportunity for a full gathering of Chinese gove...
Morgan Stanley bearish on China Building Materials Sector
Morgan Stanley believes second quarter pricing for China’s building materials will still be lower than the first quarter as it expects 2Q demand seasonal recovery to be weaker t...
Asia Cement 2011 net profit rises, China
Asia Cement (China) Holding Corp said its net profit rose by 162 per cent YoY in 2011 to CNY1.34bn (US$212.6m). Meanwhile, basic earnings per share stood at CNY0.86. Citigroup h...
China cement output rises 4.8%
Cement production from China rose by 4.8 per cent in the first two months of 2012 to reach 216Mt. However, growth slowed by 4.3 percentage points from the same period last year,...
West China Cement buys stake in Shifeng Cement
West China Cement has agreed to acquire a 55% interest in Shaanxi Shifeng Cement at CNY401.5m. The company has been granted an option to acquire a 10 per cent interest in Shifen...