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News Chinese cement company profits double in 2018 due to price rises

Chinese cement company profits double in 2018 due to price rises

Written by Global Cement staff 07 February 2019
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China: Data from the National Development and Reform Commission reports that the profits of local cement companies more than doubled to US$64bn in 2018 compared to 2017. Cement output grew by 3% year-on-year to 2.18Bnt, according to the Xinhua News Agency. Cement sector growth has been attributed to rising cement prices. In December 2018 the average price of cement was 10.6% higher than at the same time in 2017.

Last modified on 12 February 2019
Published in Global Cement News
Tagged under
  • China
  • National Development and Reform Commission
  • Results
  • Production
  • Prices
  • GCW391

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