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News Tangshan Jidong Cement records 42% year-on-year profit growth in 2019

Tangshan Jidong Cement records 42% year-on-year profit growth in 2019

Written by Global Cement staff 19 March 2020
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China: Hebei province-based Tangshan Jidong Cement’s net 2019 profit was US$298m, up by 42% year-on-year from US$210m in 2018. Cement and clinker sales remained flat. Tangshan Jidong Cement attributed the growth to increased prices due to a 9.9% year-on-year increase in infrastructure spending to US$1.86tn. Throughout the year, the company said, it completed energy-saving optimisation and upgrades to improve efficiency, implemented strategic marketing and reduced the cost of material procurement.

Last modified on 25 March 2020
Published in Global Cement News
Tagged under
  • China
  • Tangshan Jidong
  • Results
  • Profit
  • Clinker
  • Sales
  • growth
  • Price
  • Infrastructure
  • Public
  • construction
  • Energy Saving
  • Upgrade
  • efficiency
  • marketing
  • Raw Materials
  • costs
  • GCW448
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