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Huaxin Cement profits up 58% in 2008 11 March 2009 last year, on sales of 6,34 billion yuan, up 33% from a year earlier, the company said in its earnings report on Wednesday, China Daily wrote. The Shanghai-listed company sold 27,88 million tons of cement in 2008, up 20% from a year earlier. Huaxin aims... Type: Article Category: Financial Holcim Indonesia books record 2008 profit 11 March 2009 cement producers is above 90%. "They cannot afford to lose their market share to cement imports, including those from China," Syaiful said to The Jakarta Globe. But despite last yearÔÇÖs rosy results, Syaiful said he believed that cement producers like... Type: Article Category: Financial Anhui Conch pushes west with $175MM investment 11 March 2009 Anhui Conch Cement plans to invest over CNY 1,2 billion ($175 million) into 4.500 tpd production lines in western China's Chongqing, Sichuan and Gansu regions. Demand in these areas is expected to surge in the next three to five years on infrastructure... Type: Article Category: Plant Expansions Anhui Conch to spend $2,9BN on expansion 08 March 2009 Anhui Conch Cement of China is looking to invest at least 20 billion yuan ($2,9 billion) over five years to expand by 10 million tons of capacity each year. (CW Group) Anhui Conch company will focus on building plants in ChinaÔÇÖs southwestern... Type: Article Category: Plant Expansions Sinoma gets $138MM Congo project 06 March 2009 to the contract, the two companies will construct for a 3.300 tpd cement line EPC project in the Lukala area of Congo, China Knowledge said. The construction phase will last 30 months and include engineering design, equipment supply, civil construction,... Type: Article Category: Plant Expansions China National Building Mat'l to set up $146MM JV 06 March 2009 China National Building Material said on Friday that it will create a joint venture firm with 1 billion yuan ($146,2 million) in capital to build a cement business in northern China. (CW Group) The locally listed cement and building materials producer... Type: Article Category: Mergers & Acquisitions Taiwan cement co's to benefit from China stimulus 05 March 2009 Asia Cement Corporation stand to benefit from 11 trillion renminbi ($1,41 trillion) in expected infrastructure projects in China in the next two to three years. (CW Group) Huang Chien-chiang, vice president of Taiwan Cement, estimates the construction... Type: Article Category: Markets & Competition Bangladesh prices level, despite lower clinker costs 03 March 2009 market which they say have fallen 35 to 45%, The New Nation wrote. Clinker in the country is generally imported from China, Thailand or Indonesia and C&F value of clinker rose up to $72 to 75 per ton. The price has now┬á declined to $42 to 45 per ton... Type: Article Category: Volume & Pricing China cement industry profits to climb steadily in '09 02 March 2009 will reach about 5% to 6%, but the total output will not exceed 100 million tons, SinoCast said. Consumption of cement in China in the first of half this year is likely to grow 1%, while the growth in the second half of the year will be 10% to 11%, he... Type: Article Category: Mergers & Acquisitions China's cement demand to grow 6,3% in 2009 02 March 2009 China cement demand is forecast to rise 6,3% from 2008 levels to 1,54 billion tons. The growth will in part be fueled by a large investment in transportation infrastructure and logistics, a researcher with the country's economic planning agency said.... Type: Article Category: Markets & Competition Shuangji Cement to relocate to new 1 mtpy plant 27 February 2009 China Shuangji Cement announced on Friday that it has stopped production at its main 500.000 ton plant in Zhaoyuan City and will begin relocating its equipment and operations to a new 1.000.000 ton cement plant in the nearby Zhaoyuan industrial park.... Type: Article Category: Plant Expansions FLSmidth drops dividend to save for acquisitions 26 February 2009 crowns ($496 million) from 2,1 billion in 2007. The company sees the global demand for new cement kiln capacity, excluding China, falling to 25-50 million tons this year, down from 123 million tons in 2008. The long-term sustainable average demand is... Type: Article Category: Mergers & Acquisitions Holcim beneficiary of $300MM Swiss-China trade deal 26 February 2009 Trade deals between China and Europe worth more than $300 million were signed on Thursday. Holcim was one of the beneficiaries of the agreements with an expansion of its partnership activities in China. (CW Group) Holcim expanded its partnership with... Type: Article Category: Markets & Competition 2009 cement production to fall in Russia and CIS 25 February 2009 the world." The 90 cement plants operating in the region cut output in 2008 on slowing demand and the increased imports from China and Turkey. "This trend is expected to continue in 2009," said Mr Obetkon. "Despite the fact that several new cement... Type: Article Category: Markets & Competition China: 82MM tons produced in Jan 25 February 2009 China cement production reached 82 million tons in January, flat year-on-year, while sales fell in some key cement-producing provinces. (CW Group) The average price of cement in Zhejiang, Shandong, Hebei and Jiangsu and other major cement-producing... Type: Article Category: Volume & Pricing Shui On Group borrows RMB 13BN from ABC 19 February 2009 China's Shui On has obtained a three-year, RMB 13 billion ($1,9 billion) loan from Agricultural Bank of China (ABC), sources reported. (CW Group) As per the agreement signed by the group and the bank, RMB 8 billion will be used in real estate... Type: Article Category: Financial CNBM gets $1,6BN credit line 14 February 2009 China National Building Material obtained a 10,8 billion yuan ($1,6 billion) credit line from the China Construction Bank, according to a statement on Friday. (CW Group) The facility will be available until 2013. CNBM said earlier this month that it... Type: Article Category: Financial Anhui Conch to reduce capex by 30% in 2009 10 February 2009 China's largest cement maker, Anhui Conch Cement Co, said that it will cut planned capex spending in 2009 by 30% to 7 billion yuan ($1,03 billion) as some projects are behind schedule. (CW Group) Anhui Conch invested 5 billion yuan in capex in 2008, or... Type: Article Category: Financial China National Building may sell assets to lower debt 10 February 2009 China National Building Material (CNBM), China's second largest cement manufacturer, is considering selling assets to help lower its record amount of debt, said President Cao Jianglin. (CW Group) CNBM "is investigating" divesting equipment and leasing... Type: Article Category: Financial China Nat'l Building Material Co raising $300MM equity 07 February 2009 China National Building Material Co said on Friday that it is raising HK$2,34 billion ($300 million) of capital through an issuance of H shares to independent investors, raising capital to "repay debt and for acquisitions and investments." (CW Group)... 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