China: BBMG’s net profit for the first quarter of 2017 expected to at least double to US$55m from US$21m in the same quarter in 2016. The cement producer says the jump in profit is due to bookings for its property development business, although it added that an increase in cement and clinker prices had also contributed. The company’s shares bounced in early April 2017 following the announcement of the Xiongan New Area special economic development zone.
BBMG profit set to double following Xiongan development announcement
Register for the 1st Global CemProcess Conference & Exhibition
24 - 25 April 2017, London, UK
Process optimisation in cement manufacture
The first-ever Global CemProcess Conference on process optimisation in the cement industry will take place in London in 24 - 25 April 2017 at the Hallam Conference Centre in the heart of London, and will Include a confirmed visit to Hanson Cement's Ketton cement plant on 26 April to see industry-best-practice case studies in action.