Cement News tagged under: China Cement Association

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Chinese cement industry reaches record monthly profit

06 June 2018, Published under Cement News

The profit of the Chinese cement industry reached a record monthly high of CNY14.7bn (US$2.3bn) in April, according to the China Cement Association. Over the first four months of 2018, profits increased 220 per cent YoY to CNY33.7bn. The profit surge has been attributed to the government scheme to reduce overcapacity in the sector, which has reduced the supply of cement, reports the Xinhua News Agency. As a result, prices are expected to remain high even during the upcoming season. Nat...

China Cement Association urges consolidation

28 September 2016, Published under Cement News

The China Cement Association has petitioned policymakers to speed up consolidation in the cement sector, which currently has 3500 producers. The consolidation aims to concentrate at least 60 per cent of national capacity into 10 top producers by 2020. According to proposals by the association, the process is likely to involve many mergers and plant closures, reports the South China Post. To achieve a basic balance between demand and supply, the sector will need to reduce production capaci...

China: cracks begin to appear

04 May 2012, Published under Cement News

With a downturn looming, major cement companies in China are using various strategies to weather the tough times, such as consolidation and a push for greener technologies. Today, cement production capacity per capita in southwest China is one of the highest in the world. Overcapacity in cement production, because of China's sizzling economy and its heavy investments in infrastructure, has spread across the country at a time when the economy has shown strong signals of cooling down. Lei...

Deutsche Bank revises China outlook

10 February 2012, Published under Cement News

Following discussions with the China Cement Association, Deutsche Bank now expect capacity growth of 7.5% and 3.4% in 2012 and 2013 versus its previous expectations of 4.1% and 2.2%. Deutsche forecast national demand to grow 3.3% in 2012 compared to its previous forecast of 4.1%. This could prove conservative if property stabilizes and the economy recovers in 2H12, the bank notes. Nevertheless, it expects 2012 to be the year when supply pressure on producers is the greatest over the past ...