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News West China Cement's sales rise in 2022

West China Cement's sales rise in 2022

Written by Global Cement staff 28 March 2023
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China: West China Cement recorded US$1.23bn in sales in 2022, up by 6% year-on-year from US$1.16bn in 2021. The producer's profit dropped by 23% to US$176m from US$230m.

Looking to the 2023 full year, West China Cement said that it expects demand in Guizhou and Xinjiang Provinces to 'remain subdued.' It noted upcoming infrastructure projects in Shaanxi Province as a source of substantial demand, but overall does not expect significant demand growth there. Meanwhile in Mozambique, the group expects its performance to remain unchanged.

Last modified on 29 March 2023
Published in Global Cement News
Tagged under
  • China
  • West China Cement
  • Results
  • demand
  • market
  • Outlook
  • Mozambique
  • GCW601

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