Shao Jun, Chairman of China Cement Network, and His Delegation Visited Conch Group

2024-07-03 20:33:45

Conch Group will continue to play the social responsibility of large enterprises and contribute its wisdom and strength to the construction of a healthy and orderly industry ecosystem.

On July 3, Shao Jun, Chairman of China Cement Network, and his delegation visited Conch Group and were warmly received by Zhu Shengli, Deputy Secretary of the Party Committee and General Manager of Conch Group. The two sides exchanged views on the current development status of the cement industry and how to promote the stability of the industry. During the

exchange, Zheng Jianhui, chief analyst of China Cement Research Institute, first shared the relevant analysis reports and research results on the development situation of the cement industry. Zhu Shengli agreed with the research results of China Cement Network and pointed out that the cement industry is facing two core challenges: one is the low market concentration, and the other is the severe problem of overcapacity. These problems have become a stumbling block to the development of the industry. Faced with this situation, the whole industry needs to work together to find solutions, starting from the short-term, medium-term and long-term dimensions, systematically design and implement solutions, so as to promote the effective withdrawal of excess capacity and improve industry concentration.

Zhu Shengli believes that the healthy and sustainable development of the industry is a prerequisite for all actions. Conch Group will continue to play its social responsibility as a large enterprise and contribute its wisdom and strength to the construction of a healthy and orderly industry ecosystem.

Shao Jun thanked Zhu Shengli and other leaders for their warm reception, and stressed that in the face of the severe challenge of industry-wide losses in the first half of this year, it is obviously difficult to fill the deficit abyss of the whole industry only by the meager surplus of a few enterprises. At this critical juncture, leading enterprises such as Conch Group should come forward and join hands with the whole industry to overcome the difficulties and explore ways to break the situation. As an industry think tank and industry big data platform, China Cement Network has always adhered to the original intention of providing the most comprehensive and authentic data, helping the industry to understand rationally and make scientific decisions, and pushing the industry out of the quagmire and towards high-quality development. Li Qunfeng, Party Secretary and General Manager of Conch Cement , Yu Shui, Party Member, Deputy General Manager and Secretary of the Board of Directors of Conch Cement, Hu Yong, Director of the Party Office and General Manager Office of Conch Cement, and Ke Jun, Commercial Director of China Cement Network, also

participated in the exchange.

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Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.