More mergers for China cement sector in 2007

More mergers for China cement sector in 2007
Published: 01 January 2007

Market prices and the industrial profits of cement industry will remain at a rational level in 2007, experts predict. But as there is anticipation of price hikes on the domestic market and that China will further lower its export rebate for cement, the growth of China’s cement exports in 2007 is expected to be lower than in 2006.

Experts predict that Mergers and Acquisitions (M&As) and reorganization will remain the main tune of the industry in 2007. More foreign companies and institutions will participate in M&A of Chinese cement enterprises, a development trend that is supported by State industrial policy.