World’s giants eye cement market in northeast China

World’s giants eye cement market in northeast China
Published: 03 December 2004

As the Chinese government is taking measures to invigorate the old industrial bases in northeast China, Heilongjiang Province has become a hot place drawing the attention of more foreign strategic investors.  

Following the study tours conducted by the Lafarge company of France, the world’s largest cement producer, and the Pacific Cement Investment Company of Japan, Vice-President Juan Castro of the Mexican Cement Group recently visited Heilongjiang Province to seek cooperation in cement sector.  

In recent years, the Heilongjiang Province has introduces a series of preferential policies and regulations for encouraging foreign investors to participate in the property system reform of state-owned enterprises. In addition, the province has favorable conditions for developing cement production with a limestone reserve of 1.5 billion tons, adequate electricity supply and skilled workers. In consideration of the provinces preferential policies and rich resources of limestone, the Mexican Cement Group has expressed its intention to build cement plants or acquire the existing ones in the province.