China Shanshui Cement Group Ltd has issued a profit warning for the opening six months of 2023. The company has said that it expects to report a YoY fall in profit of 145-150 per cent compared to the same period a year earlier. According to the company, the contraction is due to the lower price of its cement products over the six-month period.
Moldovan plant is shut down due to energy shortage
The 1.2Mta Rybnitsa cement plant in Moldova has been stranded without gas and electricity, due t...