Cement News tagged under: China
Sunnsy Group joins World Cement Association12 September 2019, Published under Cement NewsThe World Cement Association has been joined by Sunnsy Group, the largest cement group in the northern area of China's Yangtze River region. With a total cement production capacity of over 100Mta, Sunnsy Group is one of the 12 largest cement groups being specially supported by China's central government. Sunnsy Group is ranked in the top 500 Chinese enterprises and its 'Sunnsy' brand cement has been awarded a National Certified Quality Credit AAA Gold Medal. "Sunnsy Group has an impres... |
Zhejiang Shangfeng to acquire majority stake in cement producer02 September 2019, Published under Cement NewsChina’s Zhejiang Shangfeng Building Materials Co is set to acquire a 65 per cent stake in Ningxia Mingfeng Mengcheng Building Materials Co, a producer of general Portland cement, clinker and special cement. The total value of the deal is CNY196.65m (US$27.76m). After completion, Ningxia Mingfeng is expected to become a holding subsidiary of Zhejiang Shangfeng. The acquisition will reportedly allow Zhejiang Shangfeng to increase the scale of the industry, enrich the product structure and enh... |
China's cement output rises by 6% in 1H1929 August 2019, Published under Cement NewsChina's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the policies of 'staggering peak construction' and environmentally restrictive production'. National demand for cement saw a YoY increase of more than five per cent with the northern region showing the fastest growth. The pricing and supply-demand balance in northern China, particularly in Beijing, Tianjin and He... |
Anhui Conch28 August 2019, Published under Cement NewsIn the six months ending 30 June 2019, Anhui Conch reported revenue of CNY71.64bn (US$10.01bn), up 56.6 per cent YoY. Profit attributable to equity shareholders came in at CNY15.28bn over the same period, an increase of 17.8 per cent YoY. The increase is being partly attributed to bulk procurement of raw materials and fuel, in the face of rising prices, and optimised resource allocation, leading not only to improved results but also better operational quality. Over the same period, the co... |
China National Building Materials (CNBM)28 August 2019, Published under Cement NewsIn the first half of 2019, CNBM’s subsidiary Sinoma International reported a 12.38 per cent YoY jump in operating income to CNY11.33bn (US$1.58bn). Net profit over the same period advanced by 16.1 per cent to CNY752m. Meanwhile, CNBM’s Beijing New Building Materials (BNBM) subsidiary saw an 0.8 per cent YoY increase in operating income to CNY6.04bn over the same six-month period, while its net profit fell from a profit of CNY1.29m in the 1H18 to a loss of CNY691.4m a year later. According... |
Dongwu Cement reports 12% rise in 1H profit28 August 2019, Published under Cement NewsDongwu Cement reported a turnover of CNY251.739m for the first six months of 2019, representing an increase of 14.7 per cent YoY, according to a company to the Hong Kong Stock Exchange. The company’s cement business posted a gross profit margin decreased to 20.7 per cent from 22.8 per cent in the 1H18. The profit attributable to Dongwu Cement’s owners increased to CNY32.219m in the first half of 2019, a 12.4 per cent advance on the CNY28.671m reported in the year-ago period. The company ... |
CNBM expects demand to increase in the 2H1927 August 2019, Published under Cement NewsChina’s CNBM is expecting domestic cement demand in the 2H19 to increase from the first half, alongside pricing improvements compared to the previous year, due to the traditional peak construction season being in the second half, according to Cao Jianglin, chairman. When asked about the potential impact of trade wars on the company business, Mr Jianglin noted that he foresaw a limited impact on the export business due to its internationalisation and factories located in the US, reports AA ... |
West China Cement reports 23% increase in profit13 August 2019, Published under Cement NewsWest China Cement Ltd has announced a 22.7 per cent increase in profit to CNY793.5m (US$112.3m) for the 1H19, compared with CNY646.7m in the year-ago period. Revenue climbed 27.2 per cent YoY to CNY3.31bn from CNY2.6bn, while EBITDA advanced 5.9 per cent to CNY1.38bn. Total cement and clinker sales volumes rose 5.1 per cent to 8.61Mt from 8.19Mt, with cement sales consisting of 8.45Mt of the final amount. "Sales volumes in Shaanxi Province have remained stable. Sales volumes in Xinjiang a... |
China Resources Cement sees 7% fall in net profit in 1H1912 August 2019, Published under Cement NewsChina Resources Cement has reported a 6.5 per cent YoY drop in net profit to HKD3.77bn (US$480.8m) for the first six months of 2019, against HKD4.03bn in the corresponding period of last year. The company has attributed the results to falling sales of cement, clinker and concrete amid a slowing Chinese economy. Revenue declined six per cent to HKD17.41bn in the 1H19. The company has noted that it will continue to seek partnerships with domestic and overseas companies, according to a state... |
China Shanshui Cement records 75% increase in net profit12 August 2019, Published under Cement NewsChina Shanshui Cement has seen a 75 per cent YoY rise in net profit to CNY1.19bn (US$168.5m) for the first half of 2019, which it has attributed to higher cement sales. Revenue in the 1H19 increased 39.6 per cent to CNY9.44bn, compared with CNY6.76bn in the year-ago period. However, the company expects cement demand to slow in the second half as real estate development sees a slowdown in the country. |