Cement firms build on growing demand

Cement prices are expected to jump 13 per cent by 2015, giving the sector a surge of 60 to 80 per cent in earnings. Photo: AFP

Demand for cement on the mainland will increase amid tightening supply this year, benefiting the earnings of listed producers of the building material, say industry players.

Wednesday, 13 March, 2013, 5:41am

Police probe Sinoma's missing steel documents

Steel contract paperwork and supplies are missing. Photo: Bloomberg

Sinoma International Engineering, the world's biggest producer of cement equipment, has called in mainland police to investigate the disappearance of bank documents relating to 100 million yuan (HK$123 million) in steel contracts, the firm said yesterday.

The Shanghai-listed company supplies cement plants in more than 30 countries.

21 Dec 2012 - 4:38am

Mainland stocks attractive after fall to 2009 low

Mainland stocks attractive after fall to 2009 low

Mainland stocks are attractive compared with the past and their regional peers, and investors should buy more "deep cyclical" sectors tied to the country's recovering economy, HSBC Global Asset Management said.

4 Dec 2012 - 3:10am

Billionaire Wu Qiang looks for a safe base abroad to protect his business

Wu Qiang

As one of the relatively young billionaires to have emerged during the mainland's rapid economic boom over the past decade, Wu Qiang, 37, tried his hand at several businesses before striking gold in the cement industry, which has flourished in recent years as China has tried to maintain growth through massive infrastructure projects.

8 May 2015 - 9:46am 1 comment

Approvals send investors on the high road again

Hong Kong investors bought up infrastructure and cement stocks on news of mainland construction approvals. Photo:Reuters

Infrastructure and cement stocks rose yesterday on news that the central government has approved the construction of 2,018 kilometres of highway projects, as well as new ports, water plants, waterways, and rail projects.

8 Sep 2012 - 2:27am

Concrete facts of man under a cloud

Zhang Jimin, chairman of West China Cement, is caught in a war of words with US short seller Glaucus Research Group that threatens to upset the Chinese company's deal with Italy-listed firm Italcementi Group.

15 Aug 2012 - 11:29pm

West China Cement denies fraud

West China Cement's stock went on a roller-coaster ride yesterday, after the mainland cement producer denied allegations of fraud by US short seller Glaucus Research Group.

15 Aug 2012 - 11:20pm

West China Cement hit by fraud claim

Shares in mainland cement maker West China Cement were suspended from trading at the company's request yesterday, following the release of an analyst's report alleging the company was guilty of 'blatant fraud'.

15 Aug 2012 - 11:15pm

Designer who traded cement for fabrics builds her brand from Hong Kong

The move from architecture to fashion went smoothly for Tse Yuen-man, who founded her own brand two years ago because she wanted a change. The edgy digital prints and structured silhouettes that characterise her brand, Magnan & Tse, have been well received.

1 Jun 2012 - 12:00am

Ways to avoid bad hair days

You know what it's like: you've washed your hair and styled it nicely before you head out. But an hour later you see yourself in a mirror or shop window and is horrified when a dishevelled person stares back at you. You look like someone who has just been dragged through a hedge.

So what can you do to prevent this scenario from occurring again and again?

20 Apr 2012 - 12:00am

Use of slag in public flats to cut carbon emissions

Hong Kong's annual carbon emissions will be cut by 3,700 tonnes, thanks to an environmentally friendly initiative of the Housing Authority.

The authority says it will save money and reduce its use of cement by mixing it with slag, a cheap by-product of steelmaking, in its annual construction of 15,000 flats.

10 Apr 2012 - 12:00am

Cement makers face drop in profit

Despite stellar growth in profits last year, analysts expect the profitability of the mainland's leading cement producers to weaken this year due to slowing demand and falling prices.

28 Mar 2012 - 12:00am

China Resources to expand capacity

China Resources Cement Holdings will spend 8 billion yuan (HK$9.8 billion) expanding production capacity over the next three years, including 5 billion yuan this year, said Robert Lau Chung Kwok, chief financial officer of the Chinese state-owned cement producer.

6 Mar 2012 - 12:00am

HK$165m IPO helps cement firm repay debt

Allied Cement faces slowing demand growth for its product because of an economic slowdown and a credit squeeze on the mainland, said the firm's managing director yesterday at its listing ceremony.

19 Jan 2012 - 12:00am

Cement giants aim for global ranking

The central government's 12th five-year plan for 2011 to 2015 covering building materials envisages much slower growth but aims to have one or two companies big enough to enter the Fortune Global 500 list.

30 Nov 2011 - 12:00am