2012年(464)
分类: Delphi
2012-08-16 16:55:54
Recently, cement production share in some eastern countries is rising. Some
giants are planning to increase investment, as well as some river bridge
project. The Asian Development Bank (ADB) has approved a US$ 26 million
technical assistance (TA) grant, financed by the Australian Government, to
support the Central Mekong Delta Region Connectivity Project.
The gearing
ratio, which compares capital to borrowings, may rise to 110 percent at most in
the half from the current 103 percent. On Friday, China Resources Cement
announced an interim net profit plunge of 68.9 percent to HK$635.2 million.
"The upper limit of the gearing ratio agreed with the [lending] bank is 180
percent," chief financial officer Robert Lau Chung-kwok said.
The project
will prepare detailed designs and implementation support for the construction of
two cable-stayed bridges and a 25 km road connecting the structures. Each bridge
will be 2 km long, with a six-lane roadway (three lanes in each direction) 40 m
above the Mekong River.
Anhui Conch Cement fell 3.94 percent to HK$20.70
yesterday, while China Resources Cement dropped 5.94 percent to HK$3.96. Shares
of China National Building Material (3323) closed at HK$7.97, down 2.92
percent.
The TA is part of the Australian Government's commitment to provide
a AU$ 160 million (US$ 171 million) grant to the Government of Viet Nam for the
project, as announced by Australia's Prime Minister during her official visit to
Viet Nam in October 2010.
The company said at the weekend it was widening the
distribution outlets by opening more mega depots and signing on new distributors
so that the consumers could reap the full benefits of the increased local
production.
Australia's grant contribution will help finance the engineering, design and
construction supervision of the project, as well as provide a major contribution
to the cost of building the Cao Lahn Bridge across the Mekong River in Dong Thap
province.
Dangote Cement, which accounts for over 70 per cent of the cement
produced in Nigeria, has continued to invest more in its production capacity by
expanding its production lines and establishing new plants.
Dangote Cement
recently opened a new $1 billion plant and has entrenched itself as lead
supplier of cement in West Africa.
The
construction of the other bridge, Vam Cong Bridge, is supported by the
Government of the Republic of Korea through a US$ 200 million loan agreement
signed with the Government of Viet Nam. It is a significant co-financing effort
on the part of the official development partners to Viet Nam for this flagship
project, which has an estimated cost of US$ 750 million.
This, the company
claims, will ensure the nation produces enough for home consumption and have
surplus for export to other countries.