Cement News tagged under: China
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
Allied Cement wins approval for Bailonggang project04 February 2014, Published under Cement NewsAllied Cement has been given approval for its Bailonggang project by the Development and Reform Commission. The new plant is to be based in Bailonggang, Pudong, Shanghai and is a joint venture between Allied Cement and Shanghai Building Material Group. Following granting of the major approvals from the relevant authorities for the Bailonggang project, the next stage will include land acquisition, finalisation of technical proposals, inviting tenders and commencement of construction. |
Henan Tongli anticipates full-year decline, China28 January 2014, Published under Cement NewsHenan Tongli Cement Co Ltd expects 2013 net profit to decline to between CNY40m and CNY80m (US$6.6m and US$9.9m), a YoY decline of 51.28-75.64 per cent, the company said in a statement. The Shenzhen-listed cement manufacturer attributes the downward trend in performance to decreasing sales price. |
West China Cement completes Phase 1 of waste sludge treatment facility24 January 2014, Published under Cement NewsWest China Cement announced that it has completed Phase 1of its first waste sludge treatment facility at its Lantian plant, as part of on-going energy conservation and environmental protection efforts. The facility has been established under the auspices of the Shaanxi Provincial and Municipal Environmental Protection Administrative Department to co-treat industrial waste produced by the new manufacturing plant of Samsung (China) Semiconductor Corporation (Samsung) in Shaanxi Province. ... |
China prices, inventories stable in January23 January 2014, Published under Cement NewsChina's cement prices and inventories were stable in January due to favourable weather conditions, a Deutsche Bank report has said. Cement supply and demand have been balanced in southern and eastern China, where producers aimed to keep prices steady. Deutsche Bank forecast cement prices to drop less than usual during the upcoming Chinese New Year. China's cement output rose 10.8 per cent YoY to 205.29Mt in December, the National Bureau of Statistics said. For the full year, cement out... |
Huaxin expects strong rise in full-year net profit, China22 January 2014, Published under Cement NewsHuaxin Cement expects net profit to increase by between 105-125 per cent YoY in 2013 compared to a profit of CNY556m in 2012 when it suffered from severe pricing competition. The Hubei Province-based producer, part of the Holcim Group, attributes the profit growth to increasing sales and reduced production costs. |
Jidong sees strong rise in 2013 net profit20 January 2014, Published under Cement NewsTangshan Jidong Cement Co Ltd expects net profit to be between CNY306m and CNY360m (US$50.6m-59.48m) in 2013, a YoY increase of 70 per cent to 100 per cent, the company said. The Hebei Province-based cement manufacturer attributes the profit growth to an improved reduction in production costs and increasing sales volume. |
Conch expects strong rise in 2013 profit15 January 2014, Published under Cement NewsAnhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the company posted a net profit of CNY6.31bn (US$1.043bn) with basic earnings per share of CNY1.19. According to a statement filed with the Shanghai Stock Exchange, the company said the improved performance in 2013 was due to steady growth in consumption and a reduction in new capacity coming onto the market. Over the ... |
CRC profit alert, China15 January 2014, Published under Cement NewsChina Resources Cement said the group's profit attributable to the owners of the company for the year ended 31 December 2013 is expected to be substantially higher compared with last year. The company attributed the performance to the higher sales volume of cement and clinker, and improved gross margin. |
Jiangxi Wannianqing profit forecast, China13 January 2014, Published under Cement NewsJiangxi Wannianqing Cement Co Ltd anticipates net profit to have reached between CNY400-450m (US$66m-74m) in 2013, growing about 110-136 per cent YoY, according to the company's earnings forecast announcement on 9 January. (Source: China Business Newswire) |