BBMG Corp posts 17% fall in revenue in 2022
China’s BBMG Corp has posted a 16.8 per cent YoY decline in revenue in 2022 to CNY102,822.2m (US$14,938m). Net profit over the same period fell 66.6 per cent to CNY1739.9m, whi...
North Asia
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CNBM reports 17% drop in sales in 2022
China National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Ne...
Luks Group (Vietnam Holdings) hit by construction standstill in 2H22
Luks Group (Vietnam Holdings) Co Ltd has reported revenue of HKD492.88m (US$62.8m) in 2022, down from HKD513.23m in the previous year. Profit for 2022 came in at HKD48.5m, co...
China Shanshui Cement preliminary profit down 73%
China Shanshui Cement has posted a preliminary profit for the full year of CNY748.7m, down 73.0 per cent YoY on the back of falling sales, according to Reuters. The company’s o...
Oman Investment Authority starts sale of Oman Cement Co to Huaxin
The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownershi...
Taiheiyo Cement secures Japan's first transition-linked loan
Taiheiyo Cement Corp has raised capital from the Development Bank of Japan Inc through a transition-linked loan, marking the first time transition finance has been secured by...
Taiheiyo’s Jiangnan-Onoda suspends cement business in Nanjing, China
Taiheiyo Cement Corp announced that its consolidated subsidiary Jiangnan-Onoda Cement Co Ltd has decided to suspend the cement manufacturing and sales business in Nanjing Cit...
Taiwan Cement fined for price fixing
Taiwan Cement Corp (TCC) is one of 18 firms fined a combined TWD213m (US$7m) for forming a ready-mixed concrete (RMC) price-fixing cartel, accord to Taipei Times. Since 2018 ...
West China Cement Ltd: new appointments
Dr Ma Weiping has resigned as executive director and chief executive officer of West China Cement Ltd , effective from 2 February 2023. According to the company, Dr Ma has cho...
Asia Cement forecasts 75% fall in profit
Asia Cement (China) Holdings Corp has issued a profit warning stating that its unaudited profit attributable to equity holders for 2022 is expected to decline by approximately...