Cement News tagged under: Asia Cement China
China: Asia Cement reports 1H16 loss09 August 2016, Published under Cement NewsAsia Cement (China) has released trading figures for the half of 2016, which reveal that the company made a loss of CNY64.6m (US$9.7m) for the period, ET Net reports. In the same six months in 2015, the company had made a profit of CNY9.85m (US$1.5m). The loss comes on the back of revenues that were down seven per cent YoY to CNY2.8bn (US$420m). The fall in profitability was attributed to lower prices and increased costs in servicing US dollar-denominated debts. |
China: Shanshui Cement turn down share disposal offer30 July 2015, Published under Cement NewsShanshui Cement's chairman and general manager, Zhang Bin, has told the press that in response to the possible acquisition of company shares from CNBM and Asia Cement China, company shareholders have decided to decline the proposed disposal of shares. China Tianrui became the substantial shareholder of Shanshui Cement in April and proposed a change in the number of members in the board of directors. Afterwards, Asia Cement China and CNBM sent a letter and proposed for the entire acquisiti... |
Asia Cement expects rise in shipments following Sichuan acquisition02 May 2014, Published under Cement NewsAsia Cement Corp expects a strong rise in shipments from its Chinese unit during the second quarter of 2014 compared to the same period a year ago, as it is set to benefit from the acquisition of two production lines in Sichuan province. Deliveries are expected to increase to 8Mt this quarter, compared with 5.29Mt a quarter ago, following the recent acquisition by subsidiary Asia Cement (China) of Sichuan Lanfeng Cement Co, the company said. Earlier this week Asia Cement (China) reported a... |
Asia Cement (China) reaches Sichuan purchase deal18 April 2014, Published under Cement NewsAsia Cement (China) Holdings Corp, the Chinese unit of Taiwans second-biggest cement maker, has reached a share purchase deal with Sichuan Lanfeng Cement Co. In a filing with the Hong Kong Stock Exchange, Asia Cement (China) said it had acquired 100 per cent of the equity interest in Sichuan Lanfeng for CNY2.005bn (US$322.25m) through its wholly-owned subsidiary Sichuan Yadong Cement Co.Upon the completion of the acquisition, Sichuan Lanfeng will become a wholly owned subsidiary of Sichuan... |
Asia Cement (China) net profit falls 70%25 March 2013, Published under Cement NewsAsia Cement (China, a subsidiary of Taiwan-based Asia Cement, has reported a drop in annual net profit and revenue due to declining prices. The company posted net profit of CNY395m (US$63.71m) in 2012, down 70.53 per cent YoY while revenues were down 18.55 per cent from a year earlier, reflecting a fall in prices. Cement production totaled 2.85Mt while cement sales reached 22.71Mt, the company said. The company sold 3.8 Mt of cement in the Nanchang-Jiujiang district of Jiangxi Province... |
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