Longyan and Sanya will produce 48.36 million tons of clinker next year! Accounting for 87.4% of the province!

2024-06-11 11:41:13

On June 7, the Fujian Provincial Department of Industry and Information Technology issued an announcement on the list of cement clinker production lines in the province in 2023.

On June 7, the Fujian Provincial Department of Industry and Information Technology issued an announcement on the list of cement clinker production lines in the province in 2023.

The list shows that as of December 31, 2023, there are 44 production lines in Fujian Province, with a total annual clinker production capacity of 55.335 million tons (calculated by 310 days a year, the same below).

Specifically, the provincial production lines are mainly distributed in the inland cities of Longyan and Sanming, with 20 and 18 production lines respectively, with a total annual clinker production capacity of 48.36 million tons, accounting for 87.4% of the province. Quanzhou is the only

coastal city with production capacity distribution, with a total of 4 production lines and a total clinker production capacity of 4.65 million tons.

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Correlation

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.