Cement News tagged under: Jidong Development Group
China: consolidation on production capacity by 202010 October 2016, Published under Cement NewsThe China Cement Association (CCA) has advised that the merger of leading cement companies will likely concentrate the industry’s capacity, informing that government that by year end 2020 more than 60 per cent of production capacity would be controlled by the top 10 companies. President of the CCA, Qiao Longde, said, “there are too many cement enterprises, which makes it very hard to utilise resources effectively." The industry is experiencing low efficiency and fragmentation as most plan... |
Mamba Cement to build new South Africa plant14 May 2014, Published under Cement NewsNedbank Capital and the Bank of China Johannesburg have jointly announced the raising of debt capital to fund a new entrant into the South African cement industry. The project is being undertaken by the Mamba Cement Company, a special purpose vehicle established to construct and operate the cement production facility and mine the limestone. The equity required for the project was provided by the Jidong Development Group (majority shareholder in the project), the China-Africa Development... |
South Africa: Chinese investment for Mamba Cement in place21 November 2013, Published under Cement NewsThe Mamba Cement project, jointly funded by China's Jidong Development Group, the China-Africa Development Fund and a South African cement company, signed the financing agreement in Johannesburg for work to begin on the project. The greenfield plant will cost US$220m to build and will be situated in Limpopo Province, South Africa. The capital fund of the project is US$100m, 51 per cent of which is held by Chinese shareholders. Unlike traditional overseas investment financing, Mamba receiv... |
Jidong Cement shares acquired, China13 July 2012, Published under Cement NewsJidong Development Group bought additional 698,300 shares in Jidong Cement on the secondary market, accounting for 0.05% of the total outstanding shares in the listed arm. The controlling shareholder plans to continue holding expansion in the next six months due to the current market situation. Essence Securities Co expects Jidong Cement to achieve a net profit of CNY324m and sales are expected to reach 34Mt. |
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