Jidong Cement to acquire 49% stake in Beijing BBMG Mangrove
China’s BBMG Corp is set to sell its entire 49 per cent stake in Beijing BBMG Mangrove to Jidong Cement for CNY1.72bn (US$241m). Jidong Cement is expected to fund the acquisitio...
Jidong Cement
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BBMG to sell 7 cement companies to Jidong Cement
BBMG Corp has announced that it will sell the entire equity interests in seven cement companies to China’s Jidong Cement for a total consideration of CNY1.54bn (US$227.06m). BBM...
Jidong renews coal contract with Mechel
Jidong Cement has renewed its coal contract with Mechel, according to the Russian metals and mining company. Mechel will supply Jidong Cement with up to 2Mt of thermal coal mine...
Jidong Cement awards Mechel coal contract
Chinese cement producer Jidong Cement has awarded a 3Mt coal supply contract to Russian mining company Mechel.
China: order and growth Premium
Following a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a p...
China: BBMG sells stakes to Jidong Cement
Chinese building materials supplier, BBMG Corp has plans to sell its stakes in 31 cement-related companies to Jidong Cement. The stakes on offer are valued at CNY15.5bn (US$2.3bn).
Mechel signs memorandum with Jidong Cement
Russian mining and metals company Mechel ОАО signed a coal supply memorandum with Chinese cement producer Jidong Cement. According to the signed memorandum, Mechel is due to sup...
China: three cement firms fined for price fixing
Jilin Yatai Group Cement Sales Co Ltd (Yatai), North Cement Co Ltd and (North) and Jidong Cement Jilin LLC (Jidong) were handed out fines for price fixing after China's National...
Jidong sees strong rise in 2013 net profit
Tangshan Jidong Cement Co Ltd expects net profit to be between CNY306m and CNY360m (US$50.6m-59.48m) in 2013, a YoY increase of 70 per cent to 100 per cent, the company said. Th...
South Africa: Chinese investment for Mamba Cement in place
The Mamba Cement project, jointly funded by China's Jidong Development Group, the China-Africa Development Fund and a South African cement company, signed the financing agreemen...