China Shuangji Cement, a leading producer in the Shandong and Hainan provinces in China, announced that it sees increasing demand for its high-grade bulk cement as China’s economic expansion continues to surge and inflation remains in check
Mr Wenji Song, chairman and president of China Shuangji Cement commented: “China’s construction industry continues to experience strong demand for new buildings and infrastructure, resulting from the country’s strong economic growth in the first quarter and positive outlook for the remainder of 2010 and beyond. The growth in infrastructure projects that we see is supported both by a surging economy and the government’s US$586bn stimulus programme, which calls for significant investment in cement intensive projects for many years to come.
“We have moved beyond the challenging 2008-09 economic period are charting a course to a sustained recovery and improved outlook for 2010, which is supported by the government’s economic statistics,” said Mr Song. “China Shuangji is poised to take advantage of the strong rebound in China’s economy as we bring our new 1Mt cement plant on line and increase our capacity by nearly 70 per cent and drive significant growth in revenues and profits.”