|
|
Article: SHANDONG ENCOURAGES CEMENT INDUSTRY CONSOLIDATION
- Article from:
- AsiaInfo Services
- Article date:
- June 5, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
06-05-2009
Shandong Encourages Cement Industry Consolidation
JINAN, Jun 05, 2009 (SinoCast Daily Business Beat via COMTEX) -- The eastern Chinese province of Shandong encourages two cement groups, Shandong Shanshui Cement Group Ltd. (SUNNSY; SEHK: 0691) and China United Cement Corporation (CUCC), to integrate the local cement producers, for the sake of industry structure upgrade.
In course of the industry consolidation, the two cement tycoons are expected to further centralize their new-type dry-processing cement production, and their annual production capacity will likely hit about 50 million tons in 2011, respectively.
Shandong, as a big cement producer and consumer in ...