Company cancellation! Conch and Southern Cement Abandoned Guangxi New Line Project

2024-04-03 09:27:32

As a key area of cement clinker production capacity replacement in recent years, a large number of new production lines have emerged in Guangxi, most of which have taken a fancy to the rich market potential of Guangxi and the convenient water transportation of the Xijiang River, so as to achieve the market coverage target of radiating the Guangdong-Hong Kong-Macao Greater Bay Area at the other end of the Xijiang River while selling locally.

Recently, Conch Cement released its 2023 annual report, which showed that Conch Cement cancelled nine companies in 2023, including Guangxi Laibin Haizhong Cement Co., Ltd. According to the screenshot

of the

announcement, Guangxi Laibin Haizhong Cement Co., Ltd. was established in September 2020 and is 100% controlled by Anhui Haizhong Investment Co., Ltd. Anhui Haizhong Investment Co., Ltd. is 51% owned by Conch Cement and 49% owned by Southern Cement . It was originally planned to build two 5000t/d clinker production lines. As a key area of cement clinker production capacity replacement in recent years, a large number of new production lines have emerged in

Guangxi, most of which have taken a fancy to the rich market potential of Guangxi and the convenient water transportation of the Xijiang River, so as to achieve the market coverage target of radiating the Guangdong-Hong Kong-Macao Greater Bay Area at the other end of the Xijiang River while selling locally.

According to the "Top 100 List of China's Cement Clinker Production Capacity 2022-2023" published by China Cement Network, the new clinker production capacity of Guangxi reached 11.873 million tons in 2022, ranking first in the country. By 2023, although the new clinker production capacity dropped to 3.255 million tons, it still maintained the first place in the country.

In recent years, a large number of new production capacity has been released in Guangxi, and the market competition is fierce. In contrast, the price of cement market in Guangxi has fallen sharply in recent years, mainly due to the shrinkage of real estate construction and the slowdown of the landing process of major projects, resulting in a sharp decline in cement demand and poor enterprise efficiency.

In addition, in 2023, Gezhouba Chongzuo Building Materials Co., Ltd. was listed to transfer 100% equity, and the transferor was China Gezhouba Group Cement Co., Ltd. The project was originally planned to build two 5000t/d clinker cement production lines, supporting aggregate (including raw materials) mines and corridors, special wharfs and water supply projects, with a total planned investment of 5 billion yuan.

Special attention has been paid to the fact that Guangxi has been required to rectify by the Central Environmental Protection Supervision Group because of the inadequate management and control of the "two high" projects. The "withdrawal"

of Conch, Nanfang and Gezhouba projects reflects that the cement industry is facing unprecedented challenges under the influence of the current weak market demand, the intensification of the contradiction of excess capacity, the tightening of environmental protection policies and the increase of macroeconomic uncertainty.

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近日,中国进出口银行湖北省分行累计为华新水泥股份有限公司发放5亿元人民币境外投资贷款,用于收购南非纳塔尔波特兰水泥有限公司股权,助力中非携手推进开放共赢的现代化建设。该项目是积极响应国家“一带一路”倡议,践行对非合作“十大伙伴行动”的重要举措。项目将在促进南非和莫桑比克本国经济增长、节汇创汇、创造当地就业和本地人才培养等方面发挥积极有效的作用。