China: China Resources has reported that its net profit rose by 80.4% year-on-year to US$148m for the first half of 2013. The major Chinese cement producer's revenue rose by 16.5% to US$1.66bn. Gross profit rose by 29% to US$383m.
China Resources expects that its cement production capacity will reach 76.5Mt/yr by the end of 2013. Clinker production capacity is expected to reach 51.8Mt/yr.