China Cement Association asks to speed up sector consolidation-Corporate news-News-GuoYang Grinding balls
News
Contact


GuoYang Grinding Balls

Add:Heli Industrial Zone in Ningguo City, Anhui Province, China.

Tell: 0563-4309019

Fax: 0563-4309035

E-Mail:ky022@nggq.com




Details

China Cement Association asks to speed up sector consolidation

Time:2016-10-10 13:31:12 | Click:
The China Cement Association has asked the Ministry of Industry and Information Technology to speed up the consolidation process in the local cement industry. According to documents seen by the South China Morning Post the cement body wants the ministry to consolidate at least 60% of the country's cement production capacity into 10 producers by 2020. The association made its proposals in July 2016 and has since chased the ministry for a response.
Association data shows that China may have to cut 390Mt/yr of production capacity and cut 130,000 jobs in the next five years in order to maintain an adequate balance between supply and demand. Larger cement plants could also be required to exchange production quotas and seek cross holdings in equity stakes.
To aid the consolidation process, existing cement companies will pool together US$3bn in a restructuring fund. This is expected to aid the larger cement producers, including Anhui Conch, Huaxin Cement, Qilianshan Cement and Sichuan Shuangma Cement.

Previous:New aluminum crust breaker of KAIYUAN went into mass production stage
Next:Causes of 2016 Aluminum Price Rise and Its Prospect

Copyright:GuoYang Grinding Balls  | Technical Support:Whtime.net