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.

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