China Resources to increase output

China Resources to increase output
Published: 24 March 2010

China Resources Cement Holdings Ltd plans to spend a total of HK$7.2bn in the next two years to increase the its output of cement, clinker and concrete, said President Zhou Junqing.

The Hong Kong-listed firm will increase its investment in eastern and western Guangdong Province to increase its market share from the current 11% to 25% within three years, Zhou added.

The enterprise, which has 19 production lines for cement and 10 for clinker, is expected to produce 65Mt of cement, 50Mt of clinker and 40Mt of concrete in 2012.

CEO Zhou Longshan said that the company enjoyed year-on-year growth both in cement output and sales revenue in January and February and that its costs for the two months declined 10% from a year earlier.