Cement News tagged under: China
Shanshui Cement expects first-half loss to narrow09 August 2017, Published under Cement NewsChina-based Shanshui Cement expects that the group will continue to record a net loss for the six months ended 30 June 2017. However, the loss is expected to narrow compared with the corresponding period of 2016 mainly due to the increase in average selling prices. In addition, the Jinan government is assisting the company to restructure the board of directors and senior management of Shandong Shanshui and to resolve the illegal occupation of the properties of Shandong Shanshui by its form... |
China Resources Cement sees substantial rise in 1H attributable profit07 August 2017, Published under Cement NewsChina Resources Cement said its profit attributable to owners for the six months ended 30 June 2017 surged to HKD1639.8m, translating into an increase of over 500 per cent from the comparative period of the previous year. JPMorgan, in its report, considered that the substantial rise was mainly attributed to higher product prices and exchange gain. Turnover amounted to HKD13,188.4m, an increase of 16.6 per cent from a year earlier. Gross profit grew 44.4 per cent YoY to HK$3895.6m. ... |
Nepal-China JV due to start operations in 201802 August 2017, Published under Cement NewsHongshi-Shivam Cement Private Ltd, a Nepal-China joint venture company, is aiming to start cement production in March 2018, according to a senior company official. Shiva Ratna Sharada, director of the joint venture company, told Xinhua News that construction work on the 6000tpd plant is in full swing. The factory is being constructed at Nepal's southwestern district of Nawalparasi and its mine site is located in neighbouring Palpa district. The new volumes will primarily serve the domes... |
BBMG Corp expects increase in 2Q net profit14 July 2017, Published under Cement NewsBBMG Corp said it expects to record a net profit attributable to shareholders of between CNY1825m (US$269m) and CNY1900m for the six months ended 30 June 2017, as compared to the net profit of about CNY1821m for the same period last year. With the significant increase in the unit prices for cement and clinker in the first half of 2017 compared with the same period of last year, the profit for the cement segment increased significantly YoY, the company said. |
Zambia’s president unveils plans for US$528m cement plant10 July 2017, Published under Cement NewsPresident Edgar Lungu of Zambia announced the construction of a US$528m cement plant at Ndola Lime Co in the country’s Copperbelt as the country aims to diversify its economy. The investment is a joint venture between Zambia Consolidated Copper Mines Investment Holdings and China’s Sinoconst. The 5000tpd plant will have two 20MW coal-fired power plants to provide electricity to the facility. Copperbelt Permanent secretary, Elias Kamanga, said the cement plant will create about 4000 jo... |
Shengli and Kaifa resign from Anhui Conch07 July 2017, Published under Cement NewsQi Shengli, supervisor and chairman of the supervisory committee of Anhui Conch, has tendered his resignation from the company, according to a statement released on 30 June. His resignation will become effective upon the appointment of a new supervisor, the Chinese cement producer noted. In addition, Yang Kaifa has resigned as company secretary of Anhui Conch, effective 28 June 2017. Chiu Pak Yue Leo remains a company secretary. A replacement for Mr Yang is to be recruited. In the interim... |
Sinoma anticipates substantial rise in interim net profit05 July 2017, Published under Cement NewsChina National Materials Company (Sinoma) said it expects the net profit attributable to the shareholders of the parent company for the six months ended 30 June 2017 to record a substantial increase as compared to the same period of last year. Such expected growth is mainly attributable to the increase in the prices and sales volume of cement. Its interim results announcement is expected to be published before the end of August, ET News reports. |
Major shareholder offers to sell stake in China Shanshui Cement02 June 2017, Published under Cement NewsChina Shanshui Cement Group Ltd said on Thursday that a major shareholder had offered to divest its 25 per cent stake in the company for around US$600m. China Shanshui Investment (CSI) has invited three other big shareholders to buy its holding for HKD5.50 (US$0.71)/share, the Hong Kong-listed cement maker said in a filing, although it added that there was no certainty that a deal would be done. CSI made its offer to sell to Taiwan's Asia Cement Corporation, China National Building Materi... |
Shanshui Cement shareholder plans to sell shares01 June 2017, Published under Cement NewsShanshui Cement announced that it received a letter from China Shanshui Investment Co Ltd, which holds a 25.09 per cent of shares, stating that it has invited Asia Cement, CNBM and Tianrui (International) to make an offer to acquire all its shareholdings in the company at US$5.50/share. If any of them makes the offer, it is expected that such party will be subject to the requirements under the Hong Kong Code on Takeovers and Mergers. Further announcement will be made by the company as and ... |
China Tianrui Group Cement appoints executive director17 May 2017, Published under Cement NewsChina Tianrui Group Cement Co Ltd announced that Ding Jifeng has been appointed as an executive director of the company, effective 15 May 2017. |