Breaking News

CDC Sees 550,000 to 1.4 Million Ebola Cases in Sierra Leone and Liberia by January
Tweet TWEET

Shui On Construction Plans to Exit Cement-Making, Standard Says

Shui On Construction & Materials Ltd. plans to exit cement production, possibly by selling its stake in venture Lafarge Shui On Cement to partner Lafarge SA (LG), the Standard said, citing Chief Executive Officer Philip Wong.

Profit at the venture dropped 80 percent last year even as rivals’ earnings increased on rising demand, the Hong Kong-based English-language newspaper reported today.

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.