China’s Guangdong Tapai Group targets US$86.21bn profit in 2016

China's cement output in 2013 rose by 9.57% year-on-year to 2.41 billion tonnes, up from 2.18 billion tonnes in 2012.

Only Shanghai, Liaoning and Hebei reported negative growth with Shanghai down by 5.65%.

The cement sector posted a total profit of CNY 76.60 billion (€9.15 billion/US$12.57 billion) in 2013, up 16.4% from CNY 65.7 billion in 2012 but still down from CNY 102 billion in 2011.

Chinese cement and clinker maker and seller Tangshan Jidong Cement is tol inject CNY 1.09 billion (€159.77 million/US$175.56 million) into its wholly-owned subsidiary Tongchuan Company.

The newly-obtained capital will be spent by China-based Tongchuan Company on loans repayment.

Tongchuan Company generated a loss of CNY 179 million in net profit attributable to shareholders during January-June 2015. It generated a loss of CNY 188 million in net profit in 2014.

In China, total profit of the cement industry during January-June 2015 fell by 61% year-on-year to CNY 13.27 billion (€1.93 billion/US$2.14 billion).

Among the total, the cement industry in the Northwest, Northeast and North China areas generated a loss of CNY 670 million, CNY 289 million and CNY 1.74 billion respectively, while profit of the cement sector in the Southwest, Middle-south and East China areas hit CNY 797 million, CNY 7.46 billion and CNY 7.71 billion respectively.

In June 2015 alone, th