Cement News tagged under: Huaxin Cement
Holcim: July '1203 August 2012, Published under Cement NewsThe Holcim associate Huaxin Cement has announced that it expects profits to fall by at least 50 per cent in the year 2012, largely because of the reduction seen in cement prices. The Holcim associate Siam City Cement has increased its estimate for growth in its cement consumption this year to six per cent as a result of the new government flood protection measures on top of the already good economic growth. The company's 1H growth should be between 6-8 per cent. Holcim (Azerbaycan), t... |
Huaxin sales increase 30 per cent since Holcim investment, China11 June 2012, Published under Cement NewsHolcim has said that its Holcim said that its joint venture Hubei Huaxin Cement has seen annual sales growth of 30 per cent since it invested in the company.??Holcim entered the Chinese market in 1995, a report by China Daily states. In 1999, the company made a strategic investment in Huaxin Cement, in Hubei province, and became the company's largest shareholder in 2008. Currently, Holcim holds about 42 per cent of Huaxin's shares. Last year Huaxin Cement benefited from government inv... |
Huaxin Cement to issue CNY2bn bonds, China09 May 2012, Published under Cement NewsChina's Huaxin Cement Co is planning to sell CNY2bn (US$317m) of bonds to fund the expansion of its business, a source familiar with the deal said Wednesday. The source said the bonds, which have maturities of five and seven years, will be sold through the Shanghai Stock Exchange next week. Citic Securities Co. will be the lead underwriter of the deal, said the person. (Dow Jones International News) |
China Huaxin Cement changes investment plant25 April 2012, Published under Cement NewsHuaxin Cement said it will terminate plans to invest in 10 concrete projects and will use CNY172.56m of the uninvested funds on seven new projects, reports Yicai, citing a company filing yesterday. According to the announcement, the amount spent on the 10 projects totalled CNY9.91m. The land-use rights it already bought will be transferred, while the equipment purchased will be used for the new concrete projects. Huaxin Cement intends to fully acquire five concrete producers, including Ji... |