On October 30, Huaxin Cement announced that it agreed to change its Chinese name "Huaxin Cement Co., Ltd." To "Huaxin Building Materials Group Co., Ltd.".
On October 30, Huaxin Cement announced that it agreed to change its Chinese name "Huaxin Cement Co., Ltd." To "Huaxin Building Materials Group Co., Ltd.", and the company recently completed the registration procedures for industrial and commercial changes. Now "cement" can not fully cover the company's business type, and the change of company name and securities abbreviation will realize the consistency of business scope and company name.
On October 30, Huaxin Cement announced that it agreed to change its Chinese name "Huaxin Cement Co., Ltd." To "Huaxin Building Materials Group Co., Ltd.".
2025-10-31 09:43:56
CEMPI
102.72
+0.44 +0.43%
CONCPI
91.04
-0.04 -0.04%
CLKPI
110.38
+0.40 +0.36%
SPPI
45.12
0.00 0.00%
MORPI
74.84
0.00 0.00%
South Korea's cement industry is in trouble because of the downturn in the construction market. Cement shipments in the first half of 2025 were 18.88 million tons, down 17.4% from the same period last year, the first time in 33 years below 20 million tons, and the performance of enterprises also declined sharply. However, third-quarter results are expected to improve. In order to get rid of the predicament, enterprises have taken positive actions, such as the merger of Korea-Japan Cement, the development of new products of Korea-Japan Cement, and the expansion of exports of enterprises. However, industry stakeholders pointed out that these efforts are limited, only the recovery of the real estate and construction market, the performance of the cement industry can really improve.
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