Anhui Conch Cement, China’s second-largest cement maker by output capacity, expects its unit gross profit to increase to around CNY120/t (US$18) this year from CNY80/t last year, Guo Jingbin, executive director, said on Wednesday.
Anhui’s unit gross profit was around CNY120/t in the first quarter, with the cement maker expecting to maintain that level for the rest of the year, Reuters reported.
