Jidong Cement receives US$30m in government subsidies in first half of 2019

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China: Jidong Cement and its subsidies have received US$30m in subsidies from the Chinese government in the first half of 2019. It said that the subsidies were related to its daily activities, according to Reuters. The cement producer said that its estimated profit nearly doubled to US$134m in the reporting period following restructuring the company. Its cement and clinker sales volumes by 15% year-on-year to 45.76Mt.

URL: https://www.globalcement.com/news/item/9533-jidong-cement-receives-us-30m-in-government-subsidies-in-first-half-of-2019

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