One ton of cement earn less than 10 Chinese Yuan on average, but this difficult situation of the whole cement industry, from Conch Cement opinion, it means a big opportunity for merger and reorganization.

  According to the National Bureau of Statistics, the ton profit for the national cement industry is about 9.5 yuan / ton from January to April. The cement price of many companies is hovering near the cost, or even a loss. Summary the first-quarter of twenty listed companies of domestic cement industry, the overall revenue of these companies fell 14 percent year on year; and net profit decline 74% year on year.

  The top management of Conch Cement thinks that each round of economic downturn in the past offers an opportunity for Conch, now we are still waiting and preparing for such opportunity. Cancel the 32.5 and other low-grade cement varieties, and conforming to international standards, which will help to improve the standard and quality of concrete, accelerate uncompetitive small cement companies exit the market, increasing the demand for cement clinker.(translator:Shenghuijuan) 

News Source: Xinhua