China: Asia Cement China has estimated a 40% - 45% year-on-year decline in profit in 2020 due to lower sales volumes and selling prices. Dow Jones Newswires has reported that this is due to the impacts of the coronavirus outbreak on cement demand outside of China. The company is active in several countries including Thailand, Taiwan and South Korea.
Asia Cement China revises 2020 financial projection
URL: https://globalcement.com/news/item/11103-asia-cement-china-revises-2020-financial-projection
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