According to local press, one of China’s largest cement manufacturers, Anhui Conch Cement Co., is planning to boost its production capacity by some 30 million tpa through new acquisitions and investment initiatives. The plans represent an attempt to expand the company’s operations in the country as recent government regulations regarding emissions and air pollution have limited the construction of new plants.
Guo Jingbin, Executive Director at Anhui Conch, told local news sources that the company has sufficient funds to increase acquisitions and investments over the coming years, noting that all of the major cement players are accumulating more assets. Jingbin stated that cement demand could improve in 2014 if construction on new transport infrastructure projects approved in 2012, including new roads and subways, begins.
Furthermore, Guo Wensan, Chairman of Anhui Conch, stated at a press conference that the company plans to boost production capacity in Southeast Asia by around 10 million tpa in the next 3 – 5 years.
Other company projects
- In December 2013, the land purchase agreement for PT. Conch Cement Indonesia’s Merak Grinding station project was successfully signed and the company acquired the first batch of land.
- Also in December, the preheater shell frame of phase one of PT. Conch South Kalimantan Cement’s project was finished.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/asia-pacific-rim/08012014/anhui_conch_is_set_to_increase_capacity_through_new_acquisitions_568/