China production rises

China production rises
16 June 2009

China’s cement sector has led the rally among the building material industry since the second quarter of this year, Zhang Renwei, head of China Building Materials Federation (CBMF), said at a cement forum on June 9.

According to calculations, industry profits increased thanks to strong demand, compared to the first quarter when average profits fell a minor five per cent YoY to CNY2.28bn, pushed down by supply outpacing demand.

In the first four months, China’s cement output was up 13.05 per cent YoY to 429Mt, with April production rising 17.53 per cent, a peak since last August when cement output growth first began softening.
Published under Cement News