Cement News tagged under: Xinjiang Tianshan Cement
Xinjiang Tianshan set to acquire six CNBM subsidiaries28 July 2020, Published under Cement NewsXinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to a filing to the Shenzhen Stock Exchange. To complete the deal, Tianshan suspended trading of its shares on the Shenzhen Stock Exchange Monday for a period of no more than 10 days. CNBM with a cement capacity of more than 500Mta has been the largest indirect shareholder of Xinjiang Tianshan Cement Co since 2018, when... |
Xinjiang Tianshan Cement set to issue bonds28 May 2020, Published under Cement NewsThe board of China's Xinjiang Tianshan Cement has reviewed and approved a proposal to apply to the China Interbank Market Dealers’ Association for the registration of ultra-short-term financing bonds, with a total size of no more than CNY1bn (US$139.75m). The plans have been put in place to reduce financing costs, expand financing channels and meet the company's development needs for capital, according to an announcement. |
Xinjiang Tianshan floats CNY500m bills in April01 May 2014, Published under Cement NewsXinjiang Tianshan Cement Co Ltd issued CNY500m (US$80m) worth of financial bills on 29 April 2014 with a maturity of 365 days and a coupon rate of 5.97 per cent, according to a recent company announcement. The northwest China-based cement manufacturer intends to spend CNY200m worth of proceeds from the issuance to repay bank loans and use the remaining CNY300m to replenish working capital. |
Xinjiang Tianshan net profit declines13 March 2014, Published under Cement NewsXinjiang Tianshan Cement Co Ltd reported a net profit of CNY280m (US$45.62m) in 2013, a YoY fall of 12.08 per cent, the company announced on 12 March. Meanwhile, operating revenue grew 2.75 per cent YoY to CNY7.91bn. |
Xinjian Tianshan Cement expects 75 per cent net profit drop, China28 January 2013, Published under Cement NewsXinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, estimated 25 January that net profit for 2012 to be about CNY305m (US$49m), a a YoY decline of 75 per cent. |
Tianshan Cement to invest in Xinjiang region, China14 December 2012, Published under Cement NewsXinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, announced today that it will invest a CNY985m (US$157.6m) to expand its business in Xinjiang Uyghur Autonomous Region. Tianshan Cement will invest CNY87m to build cement production lines for two subsidiaries in Lop County and Fukang City. Tianshan Cement will invest an additional CNY98.07m to develop a limestone project in Aksu City. (Source: China Business Newswire) |
Xinjiang Tianshan Cement to issue CNY400m of bills20 July 2012, Published under Cement NewsXinjiang Tianshan Cement Co Ltd said it plans to issue CNY400m (US$62.7m) worth of unsecured short-term bills with a maturity of 365 days on July 24th. Shanghai Pudong Development Bank Co Ltd is the lead underwriter for the issuance. Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA and A-1 respectively. The company stated that CNY110m of the proceeds from the issuance will be used to replenish working capital and the remainder will be used to ... |
Tianshan Cement forecasts 60-80% drop in 1H profits10 July 2012, Published under Cement NewsXinjiang Tianshan Cement Co Ltd said last Friday that its net profit fell 60-80 per cent to CNY120m (US$18.8m) in the first half of this year. The company, which is based in the Xinjiang Uyghur Autonomous Region, stated that the decline in its half-year net profit is largely due to lower cement selling prices and rising financial expenditure, according to reports by China Business Newswire. |
Tianshan Cement first-quarter profit forecasts, China18 April 2012, Published under Cement NewsXinjiang Tianshan Cement, based in Xinjiang Uyghur Autonomous Region, has forecast that its net profit widened to CNY133m (US$ in the first quarter of 2012 from CNY7.41, a year earlier. The company's net profit soared 124 per cent YoY to CNY1.13bn in 2011, China Business Newswire reports. |
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