LafargeHolcim announce further Chinese sales
LafargeHolcim has, for the second time in a week, announced that it is to sell some of its Chinese assets. Reuters reports that the company is to sell 13 integrated plants and ...
Huaxin Cement
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China: Huaxin issues profit warning
Huaxin Cement, LafargeHolcim’s subsidiary in China, has warned that it expects 2015 net profit to fall 90-95 per cent YoY due to weak domestic demand, intense competition and a...
Nepal approves Chinese US$140m cement plant
Nepal has endorsed a foreign direct investment (FDI) proposal by China’s Huaxin Cement Co to establish a cement plant in Nepal. The US$140m cement works project is in partnersh...
Huaxin plans Kazakhstan plant investment
Chinese cement producer Huaxin Cement plans to invest US$150m in the construction of a cement plant in Aktobe region of Kazakhstan. Construction of the dry-process cement work...
China: Huaxin first-half profit plunges 82%
Huaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holci...
China: Hubei ETS compliance deadline postponed
Chinese cement firms under Hubei's carbon market will be forced to spend millions of yuan to meet targets as authorities rejected pleas for leniency, but they now have more tim...
China: Hubei producers may default on carbon obligations
Cement producers participating in the carbon market in China's Hubei province have told the local government they cannot afford the millions of yuan required to buy permits to ...
Tajikistan ratifies agreement on new plants
Tajikistan's lower chamber of parliament on Wednesday ratified an investment agreement signed between Tajikistan and Chinese cement producer Huaxin for the construction of two ...
Sinoma Energy Conservation signs Tajikistan contract
Sinoma Energy Conservation announces that it signed a contract to build a 25MW self-generation power plant for 3000tpd clinker production line in Khudzhand, Tajikistan for Hua...
Huaxin expects strong rise in full-year net profit, China
Huaxin Cement expects net profit to increase by between 105-125 per cent YoY in 2013 compared to a profit of CNY556m in 2012 when it suffered from severe pricing competition. ...