Credit Suisse: earnings downside risk in China cement sector
Credit Suisse says that data points in the past two weeks further weakened in the Yangtze Delta (YZD) while southern/central sough demands remains stagnant, as continued weak de...
China
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South Cement to issue CNY1.5bn in bills, China
South Cement Co controlled by state-owned China National Building Materials Co, has announced plans to sisue CNY1.5bn worth of 365-day unsecured bills on the internet bank marke...
FLSmidth to tap market for air pollution control equipment in China
FLSmidth has achieved authority approval of its first acquisition in China. Together with a minority shareholder, FLSmidth has started a company to market and sell air pollution...
Henan Tongli Cement net profit surges, China
Henan Tongli Cement, a cement producer based in the Henan Province of China, announced a net profit of CNY240.74m (US$38.1m) for 2011 which represents an 87.35 per cent YoY incr...
Big coolers, big challenges Premium
With an annual cement consumption of about 1.85bnt, China is by far the world´s largest cement market. This has created a demand for high-capacity clinker lines similar to those...
Conch sees China demand rising, Indonesian plans proceeding ‘smoothly’
Chairman of Anhui Conch, Guo Wensan, has said that Chinese cement demand growing despite curbs on the housing market. Speaking to Dow Jones Chinese Financial Wire on the sidelin...
China Resources 2011 sales rise, expansion plans
China Resources Cement Holdings, reported a rise in revenues for 2011 and outlined plans for further capacity expansion.
Investments in China cement sector drops
Investment in China’s cement sector declined 8.3 per cent YoY to CNY143.9bn (US$22.85) in 2011, the country’s Ministry of Industry and Information Technology (MIIT) reported.
CNBM sees 2011 annual net profit doubling, China
China National Building Materials said it expects 2011 annual net profit to double on increased prices and higher cement sales and, according to some analysts, the company shoul...
Fujian joint-venture announced, China
Chinese cement producer, Fujian Cement plans to set up a joint venture, Fujian Jianfu Southern Cement, with its second-largest shareholder, Southern Cement to consolidate the ce...