Shanghai Electric and Conch Group plan multi-sector cooperation

2024-09-03 11:41:15

According to Shanghai Electric News, on the afternoon of September 2, Wu Lei, chairman of Shanghai Electric Group, held talks with Yang Jun, chairman of Anhui Conch Group Co., Ltd. (Hereinafter referred to as "Conch Group"). The two sides had in-depth exchanges and reached broad consensus on strengthening cooperation. Wu Lei said that Shanghai Electric and Conch Group have a long-term good foundation for cooperation, with a high degree of fit in multiple business sectors and great potential for cooperation. It is expected that the two sides will consolidate the foundation of early cooperation, continue to expand cooperation in energy equipment, automated production lines, green hydrogen energy, digital applications and other fields, and work together to create a new chapter of cooperation between state-owned enterprises.

According to Shanghai Electric News, on the afternoon of September 2, Wu Lei, chairman of Shanghai Electric Group, held talks with Yang Jun, chairman of Anhui Conch Group Co., Ltd. (Hereinafter referred to as "Conch Group"). The two sides had in-depth exchanges and reached broad consensus on strengthening cooperation.

Wu Lei said that Shanghai Electric and Conch Group have a long-term good foundation for cooperation, with a high degree of fit in multiple business sectors and great potential for cooperation. It is expected that the two sides will consolidate the foundation of early cooperation, continue to expand cooperation in energy equipment, automated production lines, green hydrogen energy, digital applications and other fields, and work together to create a new chapter of cooperation between state-owned enterprises.

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According to Shanghai Electric News, on the afternoon of September 2, Wu Lei, chairman of Shanghai Electric Group, held talks with Yang Jun, chairman of Anhui Conch Group Co., Ltd. (Hereinafter referred to as "Conch Group"). The two sides had in-depth exchanges and reached broad consensus on strengthening cooperation. Wu Lei said that Shanghai Electric and Conch Group have a long-term good foundation for cooperation, with a high degree of fit in multiple business sectors and great potential for cooperation. It is expected that the two sides will consolidate the foundation of early cooperation, continue to expand cooperation in energy equipment, automated production lines, green hydrogen energy, digital applications and other fields, and work together to create a new chapter of cooperation between state-owned enterprises.

2024-09-03 11:41:15

As a result of the war, Ukraine's cement industry has fallen from its peak and is looking for exports to survive. In 2021, the output was 11 million tons, which dropped sharply to 5.4 million tons in 2022, and then slowly climbed to 8 million tons in 2025, but there is still a gap. The structure of demand has changed, infrastructure and defense projects have become big buyers in the short term, and domestic consumption has shown signs of weakness. Excess capacity is balanced by exports, and the proportion of export volume will rise to 21% in 2024. With the increase of market concentration and the monopoly of production capacity by several large kilns, CRH is expected to bring capital and enhance competitiveness to the industry if the acquisition is successful.