China Shuangji Cement, Ltd. is a company on the rise. Located in Zhaoyuan City, China, this young company has evolved into a leading producer of high-quality Portland cement in both the Shandong and Hainan Provinces. Today, China Shuangji announced they are seeing a major demand for the company’s products due to the strength of the domestic economy.
According to data released by the National Bureau of Statistics (NBS), industrial production accelerated 13.9% year-over-year in August which was far stronger than the 13.4% rate in the previous month. Fixed-asset investment soared to $2.1 trillion which was up close to 25% in the first eight months of 2010 while property market investment and investment in railways grew 36.7% and 21.7% respectively.
These statistics have exceeded predictions by economists who expected more modest growth. The Financial Stability Report from the People’s Bank of China stated that drivers of economic growth from urbanization to upgrading of the consumption structure are expected to strengthen.
One of the leaders at China Shuangji is Mr. Wenji Song who serves as the company’s Chairman and President. Shuangji was quoted as saying, “We expect a vibrant domestic economy coupled with government stimulus, and the rapid development of China’s infrastructure will continue to boost construction spending and keep demand for cement high. Many of the government initiatives to expand and upgrade the country’s physical infrastructure, especially highways, railways and subway systems, all require cement. The strong markets for cement that we operate in enjoy a healthy pricing environment that we expect to remain intact as demand for our products increases.”