Macquarie keeps China demand growth at six per cent
Macquarie has kept its six per cent demand growth forecast for China's cement industry but has reduced its net supply growth forecast from four per cent to 1.4 per cent. "We rem...
China
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Jidong Cement to buy controlling holder's assets, China
Tangshan Jidong Cement announced it would buy the use right of part of land, ownership of houses and supporting facilities rented by it currently from its controlling shareholde...
Shanghai Allied Cement joint venture, China
Allied Cement said Shanghai Allied Cement (SAC) agreed to set up a 50-50 joint venture with Shanghai Building Material (Group) General Company aiming at commencing construction ...
Deutsche Bank revises China outlook
Following discussions with the China Cement Association, Deutsche Bank now expect capacity growth of 7.5% and 3.4% in 2012 and 2013 versus its previous expectations of 4.1% and ...
China United Cement seeks acquisition loan
State-owned China United Cement Group Corp is seeking a CNY798m three-year loan for the acquisition of Daewoo Cement (Shandong) Co Ltd, a subsidiary of Daewoo International Corp...
China considers tougher emission rules for cement producers
China's environment ministry is considering launching stricter rules regarding NOx emissions from cement plants, which, if implemented, could sharply affect the net profits of l...
Tianshan Cement to issue new shares, China
Xinjian Tianshan Cement, based in Northwestern China’s Xinjiang Uygur Autonomous Region, announced that 100 million of its new shares will be tradable on 3 February, China Busin...
Tebodin opens new China office
Consultant and engineering company, Tebodin, has set up its third office in China, this time in Nanjing, in Eastern China, 300km from Shanghai. Tebodin (Nanjing) Engineering & D...
Jidong Cement completes private bond placement, China
Tangshan Jidong Cement announced today that it has finished a CNY1.91bn (US$302.8m) private placement to a Hong Kong-based investment company, China Business Newswire reports. T...
Jiangxi unit receives tax rebates, China
Jiangxi Wannianqing Cement announced on Tuesday that one of its units recently received CNY23.9m of tax rebates. The money will be counted into the unit's earnings in the first ...