Cement News tagged under: Huaxin Cement
China: Hubei producers may default on carbon obligations12 June 2015, Published under Cement NewsCement producers participating in the carbon market in China's Hubei province have told the local government they cannot afford the millions of yuan required to buy permits to cover mitigation obligations for 2014 and may default, according to a document seen by Reuters. The 138 companies covered by the Hubei exchange have to hand over carbon permits this month to settle their obligations for last year. Around a quarter are cement firms, who complain they were not allocated enough credits,... |
Tajikistan ratifies agreement on new plants12 February 2015, Published under Cement NewsTajikistan's lower chamber of parliament on Wednesday ratified an investment agreement signed between Tajikistan and Chinese cement producer Huaxin for the construction of two greenfield plants. With a combined production capacity of 2.2Mta, the two plants will be built in Bobojon Ghafurov district and Danghara Free Economic Zone, said Lochin Fayzulloev, first deputy chairman of the State Committee on Investment and State-owned Property Management, at the parliamentary session. The agre... |
Sinoma Energy Conservation signs Tajikistan contract17 November 2014, Published under Cement NewsSinoma Energy Conservation announces that it signed a contract to build a 25MW self-generation power plant for 3000tpd clinker production line in Khudzhand, Tajikistan for Huaxin Cement. |
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. |
Huaxin subsidiary to buy 20% of Shide Golden Eagle Cement, China08 July 2013, Published under Cement NewsHuaxin Cement announced that its wholly-owned subsidiary Huaxin (Hong Kong) International Holdings, has signed an agreement with Starry Cosmos Group Ltd to acquire a 20 per cent equity in the latter’s Shide Golden Eagle Cement (Hong Kong) Co. Shide Golden Eagle Cement (Hong Kong) owns 99.8 per cent equity in Enping Shide Golden Eagle Building Material Co. Enping Shide is constructing a 4000tpd new dry-process cement clinker production line. Huaxin Hong Kong will hold 65 per cent of Shide... |
Huaxin Cement subsidiary buys stake in Success Eagle Cement05 July 2013, Published under Cement NewsHuaxin Cement Ltd's wholly-owned Hong Kong subsidiary recently signed an equity transfer agreement with Starry Cosmos Group Ltd to acquire a 20 per cent stake in Success Eagle Cement (Hong Kong) Ltd for HKD75m (US$9.7m), the company announced on 3 July After the deal, Huaxin Cement's Hong Kong subsidiary will hold a 65 per cent stake in Success Eagle Cement. |
Huaxin to acquire stakes in two Hubei-based companies, China24 January 2013, Published under Cement NewsHuaxin Cement is continuing its acquisitions policy by announcing it plans to acquire stakes in two companies based in Hubei province. The Chinese producer is set to buy a 70 per cent share in two separate companies for a combined price of CNY519m (US$83.4m). Huaxin Cement said that the acquisition will increase its competitiveness in the local cement market. Huaxin Cement is 41.6 per cent controlled by Swiss cement major Holcim. |
Huaxin Cement to see restricted shares become tradable12 November 2012, Published under Cement NewsChina-based cement producer Huaxin Cement Co Ltd said on 8 November that 77.01 million of its restricted shares will become tradable on the market on November 14th. |
Huaxin Cement’s largest shareholder buys 18.61m B-shares21 September 2012, Published under Cement NewsChina-based cement producer Huaxin Cement said that its largest shareholder bought a combined 18.61m B-shares (or a 1.98 per cent stake in the company) between December 23rd, 2011 and 17 September 2012. After the purchases, its largest shareholder indirectly holds 391 million shares (201 million A-shares and 190m B-shares), or a 41.87 per cent stake in Huaxin Cement. (Source: China Business Newswire). |
Huaxin sees 82.3 per cent slide in 1H12 net profit, China06 September 2012, Published under Cement NewsHuaxin Cement said net profit for the first half of 2012 fell 82.3 per cent YoY to CNY95.92m (US$15m). Operating revenue slid 1.53 per cent YoY to CNY5.49bn with basic earnings per share of CNY0.1. Huaxin Cement is 41.6 per cent controlled by Holcim. Last year, the Chinese producer continued its acquisition policy and purchased three works in the Hubei province with a combined capacity of 5Mta, giving Huaxin Cement a capacity of 58.5Mta which has increased further since year end. |