Published by
Joseph Green,
Editor
World Cement,
Reuters are reporting that a Jinyuan Cement unit is set to buy assets in three cement firms for 160 million yuan.
The company has announced that the cement unit plans to buy main assets in three Qinghai-based cement firms.
Edited from source by Joseph Green. Source: Reuters
Profits took a nosedive in the final quarter of FY14/15 ending 31 March, but in spite of this the firm managed an increase in stand alone net profit for the full year of almost 3%.
According to reports, the state government has cancelled a memorandum of understanding with Jaiprakash Associates that would have seen a 2 million tpa cement plant being built in the state.
Production, revenue, pricing and environmental news from the cement industry in China.
Ministry of Environmental Protection plans to almost halve NOx limits for existing plants.