China: Huaxin Cement’s sales revenue increased by 17% year-on-year to US$2.28bn in the first half of 2021 from US$1.95bn in the same period in 2020. Net profit rose by 8.3% to US$378m from US$349m. Cement and clinker sales grew by 14% to 37Mt and concrete sales volumes more than doubled to 3.36Mm3. The cement producer reported that demand for cement decreased in May and June 2021 due to bad weather and price rises of raw materials leading to reduced construction activity.
Huaxin Cement reports strong start to 2021 but warns of slow demand in second quarter
Written by Global Cement staff
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