Cement News tagged under: China
Cementtech 2014 officially underway, China28 April 2014, Published under Cement NewsThe 2014 China International Cement Industry Exhibition and Conference started proceedings on Sunday 27th April at the Hotel Nikko New Century, Beijing, China, with delegates gathering to discuss industry developments under the theme of 'Market, environment and energy efficiency.' Market, environment and energy efficiency form the central themes of Cementtech 2014 proceedings Technical proceedings officially began with an opening speech by Mr Qiao Longde, conference chairman and... |
Gansu Qilianshan quarterly net loss widens, China25 April 2014, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd saw its net loss widen to CNY84.94m in the first quarter of 2014, compared with a deficit of CNY73.63m in the corresponding period of 2013, according to a statement by the company. The northwest China cement manufacturer attributes the decline to growing operational costs in the first three months of the year. |
Guangdong Tapai to expand capacity, China23 April 2014, Published under Cement NewsGuangdong Tapai Group Co, Ltd plans to invest about CNY3.56bn in building a new 10,000tpd dry-process line, including a 20MW pure low-temperature waste heat power generation system, in Jiaoling County, Meizhou City, Guangdong Province. The company posted operating revenue of CNY 883m for the first quarter of 2014, up 12.46 per cent YoY. Net profit attributable to shareholders jumped 224.47 per cent to CNY159m. Basic earnings per share was CNY 0.1782. The cement producer has forecast a ne... |
Henan Tongli plans share issuance, China22 April 2014, Published under Cement NewsHenan Tongli Cement Co Ltd plans to issue 48m shares to China United Cement Group Corp at CNY6.32 per share via a private placement, according to company announcement yesterday. The central China-based producer intends to spend CNY303m worth of proceeds from the issuance to repay bank loans and replenish working capital. The placement is pending approval by the China Securities Regulatory Commission. |
Guangdong Tapai Group Co net profit jumps on higher prices22 April 2014, Published under Cement NewsGuangdong Tapai Group Co Ltd saw net profit reach CNY159m (US$25.5m) in the first three months of the year, rising 224 per cent YoY, the south China-based cement producer said on Monday. Operating revenue rose 12 per cent YoY to CNY880m. The company attributes the profit jump to a 23.22 per cent increase in the average selling prices over the first quarter of 2014. |
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... |
China Resources Cement sees strong growth in attributable profit15 April 2014, Published under Cement NewsChina Resources Cement (CRC) has said it expects profit attributable to shareholders for the quarter ending 31 March 2014 to be significantly higher compared to the corresponding period of 2013. The improvement is mainly attributed to higher average selling prices (ASP) of cement and clinker as well as reduced coal costs compared to 1Q13. The company’s quarterly results announcement will be issued at the end of April. Macquarie Research has slightly lifted its target price for the compa... |
West China Cement repurchases 2m shares09 April 2014, Published under Cement NewsWest China Cement Ltd bought back 2m shares for HK$1.9m on 8 April 2014, media reported, citing Hong Kong Stock Exchange documents. Between 1 January and 8 April, the Xi'an City-based cement manufacturer repurchased a total of 2m shares, occupying an 0.04 per cent stake. |
Asia Cement unit plans to buy Sichuan cement plant, China04 April 2014, Published under Cement NewsAsia Cement (China) said its non-wholly-owned subsidiary Sichuan Yadong Cement entered into a framework agreement with the existing shareholders of Sichuan Lanfeng Cement to acquire their entire equity interest in Sichuan Lanfeng and thus indirectly the entire equity interest in Sichuan Lanfeng's wholly owned subsidiary, Sichuan Lanfeng Building Materials. The target companies principally engage in the business of manufacture and sale of cement, concrete and related products in Sichuan. ... |
Groundbreaking ceremony for new Tajikistan-China joint venture plant04 April 2014, Published under Cement NewsTajik President Emomali Rahmon attended a groundbreaking ceremony for construction of a greenfield cement plant in Gayur-Sughdcement, in the Bobojonghafourov district, Sughd province. According to the Tajik president’s official website, Tajikistan’s Gayur Ltd Liability Company will build the 1.2Mta cement works in partnership with China’s Huaxin Cement Co. The plant is scheduled for completion in 2016. Another Tajikistan-China joint venture, Huaxin Gayur Cement Co, launched production ... |