According to Newzimbabwe on January 5, at a press conference held in Harare, Zimbabwe, on January 3, Labenmon Investment Co., Ltd. and Chinese investor, West International Holding Group (West International Holding), a subsidiary of West Cement, signed the signing ceremony of the project partnership. The two companies signed a $1 billion agreement to build the cement plant, which will be completed within two years. "The planned industrial park will build a new dry process clinker cement production line with an annual output of 2 million tons, equipped with 100 MW generating units and a cement grinding station with an annual output of 900,000 tons," Wang Fayin, president of
Western International Group, said in a speech at the ceremony.
Huaxin Cement has said that during the "14th Five-Year Plan" period, it will deepen the implementation of overseas development strategy, strive to quadruple foreign production capacity by 2025, and become a multinational group in the whole building materials industry chain.
As one of the largest cement building materials enterprise groups in China, Conch Group actively called for "going out" as early as the beginning of the "Twelfth Five-Year Plan". Over the past ten years, Conch Cement has invested in Indonesia, Myanmar, Laos, Cambodia, Uzbekistan and other countries along the "Belt and Road" route, and has completed 16 physical projects, with a cumulative investment of more than 16 billion yuan, an annual overseas cement production capacity of more than 23.5 million tons, and a revenue of more than 27 billion yuan . The import and export trade volume of raw materials and cement clinker is nearly 36.5 billion yuan.
Conch said next that it would steadily implement the internationalization strategy, explore diversified development modes, strengthen risk identification and control, improve the market layout of existing investment countries, and steadily promote the development of the international blank market. In September and October
2013, the concept of building the "New Silk Road Economic Belt" and the "21st Century Maritime Silk Road" was put forward, and the innovation of the "Belt and Road" initiative brought development opportunities for China's cement industry to find new economic growth points and expand new regions. In the past
ten years, with the help of policy and accumulated advanced technology, capital strength and operation management experience, many domestic cement enterprises have accelerated their overseas layout, and many cement clinker projects have taken root and blossomed along the "one belt and one road".
At present, China's cement enterprises are mainly large enterprises going out. According to the list of overseas investment and production released by China Cement Network in 2023, the overseas investment capacity of domestic cement enterprises continued to grow in 2023, with Conch Cement, Huaxin Cement and Red Lion Group ranking ahead.
In addition, since 2022, due to the insufficient momentum of macroeconomic recovery and the continuous adjustment of the real estate market, the domestic demand for cement has weakened significantly, the market competition is fierce, the price of cement has fallen sharply, the demand is insufficient and the price has fallen, and the profit of the cement industry has fallen by more than half. Many enterprises have suffered serious losses, and the cement industry is in danger.
In this context, cement enterprises are actively transforming to find a new way out. At present, there is still a large market demand in the "Belt and Road" countries. In addition to expanding the upstream and downstream industrial chains and entering the secondary industry, it is also a feasible way to actively expand overseas markets, which is worth pondering by the industry.
