China to restructure cement sector

China to restructure cement sector
Published: 01 August 2006

China will restructure the cement industry by favoring selected cement producers, in a bid to sideline the least efficient companies, the China Securities Journal reported.  Various regulators will meet on Aug 20 to select 10 cement producers to be supported by the central government and 30-40 to be aided by local governments.  The selected companies will be aided when developing new projects, acquiring land-use rights and seeking loans, the report said. 
 
The companies will be assessed by output, profitability, growth, and regional competitiveness, it said.  The top cement makers by 2005 output included Anhui Conch Cement Group, Sunnsy Group, Zhejiang Leomax Group, Huaxin Cement Co, Jidong Cement and Jilin Yatai (Group) Co.