China Cement Network, the national cement output in 2023 was 2.023 billion tons, with an absolute value of 107 million tons, or 5%; the total profit of the cement industry was more than 32 billion yuan, or about 51%. However, at a time of weak domestic market demand and industry downturn, the overseas business of many cement enterprises will "blossom and bear fruit" in 2023, which undoubtedly greatly alleviates the operating pressure of domestic cement enterprises. According to the 2023 report
Huaxin Cement is also one of the earliest "going out" enterprises in China. Overseas business revenue in 2023 was 5.439 billion yuan, an increase of 30% over the same period last year. At present, overseas production line projects have been expanded to the Middle East and Southern Africa. By the end of 2023, the company's overseas effective cement grinding capacity has reached 20.91 million tons, an increase of 69% over the same period last year. The report card of the overseas market of
Western Cement in 2023 was even more impressive, with business income of 2.711 billion yuan in 2023, an increase of 139.7% over the previous year, accounting for more than 30% of the total revenue; Profit accounted for 74.1%, up 56.2 percentage points from 2022.
Data show that as of December 31, 2023, domestic cement enterprises have set up 56 production line projects overseas, with a total clinker production capacity of 64.653 million tons. At the same time, there are 15 production line projects under construction, and the clinker production capacity is expected to reach 24.428 million tons.
Conch Cement said that it would take the "Belt and Road" as the main line in the future, strengthen risk identification, and explore diversified development modes such as trade, mergers and acquisitions, and new construction. In 2024, the cement clinker production line projects of Conch Cement Cambodia Phnom Penh Conch and Uzbekistan Shangfeng Friendship Company will be completed and put into operation. The economic development
of Huaxin's overseas business countries is expected to lead the average level of the region and is expected to achieve a better development trend. The economies of Tajikistan, Uzbekistan, Cambodia, Tanzania and Mozambique are expected to grow at a relatively fast rate of more than 5% this year and next.
Western Cement said that at present, the clinker production capacity under construction in overseas markets has reached 10.54 million tons. Ethiopia 10000t/d and Uzbekistan 6000t/d production lines will be completed and put into operation in the second quarter of this year, when the overseas market competitiveness will be further enhanced, and it is expected that the revenue and profit will achieve double growth in 2024.
Generally speaking, the strategy of Chinese cement enterprises to lay out overseas markets has achieved remarkable results. In the future, with the sustained development of overseas business, it will effectively help Chinese cement enterprises to enhance their influence and competitiveness.
