Recently, some investors asked Jidong Cement that under the background of weak demand and double carbon, the cement industry will usher in a window period of integration. Does the company have the idea of acquiring high-quality projects and are there any suitable projects in progress? The company responded that a number of projects are currently in progress. The company insists on strengthening and optimizing the main cement industry and implementing effective investment strategies. Mergers and acquisitions should be carried out in accordance with the basic principles of optimizing industrial layout and capacity structure and highlighting synergistic value, so as to build a high-quality industrial development system for the company.
It is reported that recently, the Second Department of Anti-monopoly Law Enforcement of the State Administration of Market Supervision and Administration issued a list of cases of unconditional approval of concentration of operators from October 23 to October 29, 2023. Tangshan Jidong Cement Co., Ltd. acquired the shares of Shaanxi Qinhan Hengsheng New Building Material Science and Technology Co., Ltd. According to
the data, the business scope of Shaanxi Qinhan Hengsheng New Building Materials Technology Co., Ltd. is: production, sales, inspection and testing of commercial concrete, pipe pile products, dry powder mortar and concrete admixture; research and development, sales, inspection and testing of packaging materials, building materials and laboratory equipment; general cargo transportation, pipe pile transportation and commercial concrete transportation. At the end of
2022, Jidong Cement and Tianshan Cement Co., Ltd. jointly invested in the establishment of Liaoning Jinzhong Cement Group Co., Ltd. Recently, Jidong Cement said that after the establishment of Liaoning Jinzhong Joint Venture Company, according to the strategic requirements of both shareholders, based on Liaoning, the cement industry integration work has been carried out, and the due diligence and audit evaluation work of both sides in Liaoning enterprises has been completed, and other preparatory work is steadily advancing. Business scope of
Liaoning Jinzhong Cement Group Co., Ltd.: sales of clinker , cement, commercial concrete and aggregate; sales of coal, building materials, mineral powder, hardware, mechanical equipment, electronic products, chemical products and refractory materials; tendering and bidding services; general freight; Technical services.