Cancellation of export rebates negative to China’s leading cement companies

Cancellation of export rebates negative to China’s leading cement companies
Published: 26 June 2007

China’s cancellation of export rebates will exert negative impact on domestic leading cement enterprises.

Industrial insiders explain that leading companies such as Anhui Conch Cement Co. Ltd, Huaxin Cement Co. Ltd and Tangshan Jidong Cement Co. Ltd deliver most of cement for export.

As the volume of cement for export is small in general, it does not greatly affect the international market.

Making small profits from export, both Anhui Conch Cement and Tangshan Jidong Cement focus mainly on domestic market.

Guo Jingbin, president of Anhui Conch Cement, said that his company would continue to export cement with less volume.

At present, China Cement Association has applied to the Ministry of Commerce for the gradual abolishment of the rebate, hoping to cut the export rebates from the pervious 11 percent to eight percent first.