Displaying items by tag: Tangshan Jidong Cement Company

China: Tangshan Jidong Cement’s consolidated net income was US$779m in the first quarter of 2022, down by 2.5% year-on-year from US$799m in the first quarter of 2021. The decline contributed to a widening in the group’s net loss to US$36.6m, more than four times its 2021 first-quarter loss of US$8.07m.

China: Tangshan Jidong Cement says that it expects its consolidated net profit to drop by up to 3.5% year-on-year to US$441m in 2021 from US$457m in 2021. Its full-year cement and clinker sales were 99.7Mt in 2021, down by 7% year-on-year.

China: Tangshan Jidong Cement has received the approval of the China Securities Regulatory Commission (CSRC) to incorporate its subsidiary BBMG East Cement. Tangshan Jidong Cement is a joint venture formed by BBMG and Jidong Cement in early 2019.