Cement News tagged under: Anhui Conch Cement
Conch reduces shareholding in two producers08 July 2015, Published under Cement NewsAnhui Conch Cement has sold its shares in Xinjiang Qingsong Building Materials and Chemicals Group and Tangshan Jidong Cement Co in the April-June 2015 period, according to Reuters. The disposals amounted to a net profit of US$217m, the report added. |
Anhui Conch Cement Co03 February 2015, Published under Cement NewsShares in Anhui Conch Cement soared late last month following the announcement of a restructuring plan. Under the plan, the 51 per cent equity in Conch Holdings currently held by Anhui Investment will be directly transferred to Conch Cement and Conch Profiles, thereby simplifying the organisational structure. The remainder of the asset will reportedly be combined into China Conch Venture through its wholly owned subsidiary. Anhui Conch has also placed an order with Claudius Peters from an... |
Indonesia: PT Conch South Kalimantan cement plant on-stream05 December 2014, Published under Cement NewsPT Conch’s greenfield cement plant has come on-stream in South Kalimantan, Indonesia, with an installed capacity of 1.5Mta. Construction of the factory began in 2012 and has involved an investment of US$202m. It has the capacity to produce 3200tpd. The project is parent company Anhui Conch Cement's first cement plant in Indonesia. The facility was built with a 36MW steam powered electric plant in a strategic location near the South Kalimantan-East Kalimantan highway, only 30km from Tanju... |
Anhui Conch to invest in Myanmar24 November 2014, Published under Cement NewsThe Myint Investment Group Co Ltd has joined Anhui Conch Cement Co Ltd from China to upgrade Kyaukse cement factory, Myanmar, to a 5000tpd plant through a build-operate-transfer (BOT) system, according to the Myanmar Ministry of Industry. The joint venture, Myanmar Conch Cement Co Ltd, received clearance from the Directorate of Investment and Company Administration on 11 November . Zaw Hein, managing director of No.3 Heavy Industry, signed the BOT contract with his counterpart, Nan Lin Li... |
China: Anhui Conch boosts profits and Gansu Shangfeng Cement invests22 October 2014, Published under Cement NewsAnhui Conch Cement reports that its net profit attributable to equity shareholders for the first nine months of 2014 rose 51.8 per cent YoY to CNY8173m (US$1.3bn). The company’s basic and diluted earnings per share were CNY1.54. The revenue was CNY43,675m, an increase of 18.01 per cent from a year earlier. For the third quarter of 2014, Anhui Conch's net profit rose 1.2 per cent YoY to CNY2352m. Revenue grew 11 per cent to CNY14,890m. In other Chinese news, Gansu Shangfeng Cement ,signed a... |
Chinese producers counting profits09 July 2014, Published under Cement NewsCement makers in China saw a resumption in profit growth last year thanks to a combination of improved construction activity, low production costs due to weak coal prices and the government's push to close some inefficient producers. China produced 908.5Mt of cement in the first five months of this year, up 4.1 per cent from a year earlier, official data showed. Wannianqing Cement Co Ltd said it expected its profit to rise by as much as 100 per cent as average prices of its products rose, j... |
Credit Suisse sells holdings in Anhui Conch Cement04 July 2014, Published under Cement NewsCredit Suisse Group AG sold 805,174 shares in Anhui Conch Cement Co Ltd worth HK$ 21.95m (US$2.8m) on 23 June 2014, sources reported, citing information from the Hong Kong Stock Exchange. After the sale, the Switzerland financial institution still holds 103.10m shares in the Anhui Province-based cement producer, accounting for a 7.93 per cent stake. Earlier this week, Anhui Conch issued a positive profit alert saying it expects first-half net profit up about 90 per cent YoY compared to CN... |
JP Morgan Chase & Co acquires shares in Anhui Conch Cement20 June 2014, Published under Cement NewsJP Morgan Chase & Co bought 257,000 shares in Anhui Conch Cement Co Ltd worth HK$ 7.03m on 13 June 2014, sources reported, citing the Hong Kong Stock Exchange. After the purchase, the USA financial institution holds a combined 143.16m shares in the cement manufacturer, accounting for an 11.01 per cent stake. |
Capital Group buys a 9.25% stake in Anhui Conch07 May 2014, Published under Cement NewsThe Capital Group Co spent HKD159.21m (US$20.53m) to acquire 5.55m shares in Anhui Conch Cement Co Ltd on 30 April, sources reported, citing the Hong Kong Stock Exchange. After the purchase, the USA investor holds a combined 120.20m shares (a 9.25 per cent stake) in the Anhui province-based Chinese cement producer. |
Anhui Conch Jan-Sept net profit rises 36.82%04 November 2013, Published under Cement NewsAnhui Conch Cement Co 's net profit in the first nine months rose 36.82 per cent YoY to CNY5.36bn (US$878.6m), the company said in its third-quarter report. Basic earnings per share were CNY1.02 during the period. Operating revenue rose 14.76 per cent YoY to CNY37.01bn in the first nine months, boosted by an increase in the sales volume and price of cement and clinker. At the end of September the company's net assets had increased 6.29 per cent from the end of last year to CNY51.98... |