Jidong Cement: 106 million tons of mine reserves increased in the first half of the year

2024-10-15 16:04:22

Ren Qianjin, secretary of the board of directors of Jidong Cement, said that in the first half of 2024, the company completed the acquisition of building materials in China and Africa, achieving zero breakthrough in overseas layout, and the operation of Mamba Cement in South Africa from January to September 2024 was in good condition, in line with expectations. With the Beijing-Tianjin-Hebei region as the core, North China as the whole, Northeast and Northwest as the wings, the company realized 106 million tons of mine reserve increase in the first half of the year through horizontal integration such as capacity replacement, merger and reorganization, resource reserve increase and vertical integration such as optimal allocation of internal resources, extension of industrial chain and reconstruction of industrial system. The reorganization and integration of the Northeast region has also been accelerated.

Recently, investors asked: Jidong Cement to speed up mergers and acquisitions, the implementation of the situation, how is the progress? Ren Qianjin, secretary of the board of directors

of Jidong Cement, said that in the first half of 2024, the company completed the acquisition of building materials in China and Africa, achieving zero breakthrough in overseas layout, and the operation of Mamba Cement in South Africa from January to September 2024 was in good condition, in line with expectations. With the Beijing-Tianjin-Hebei region as the core, North China as the whole, Northeast and Northwest as the wings, the company realized 106 million tons of mine reserve increase in the first half of the year through horizontal integration such as capacity replacement, merger and reorganization, resource reserve increase and vertical integration such as optimal allocation of internal resources, extension of industrial chain and reconstruction of industrial system. The reorganization and integration of the Northeast region has also been accelerated. Welcome to continue to pay attention to the relevant announcements issued by the company.

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Ren Qianjin, secretary of the board of directors of Jidong Cement, said that in the first half of 2024, the company completed the acquisition of building materials in China and Africa, achieving zero breakthrough in overseas layout, and the operation of Mamba Cement in South Africa from January to September 2024 was in good condition, in line with expectations. With the Beijing-Tianjin-Hebei region as the core, North China as the whole, Northeast and Northwest as the wings, the company realized 106 million tons of mine reserve increase in the first half of the year through horizontal integration such as capacity replacement, merger and reorganization, resource reserve increase and vertical integration such as optimal allocation of internal resources, extension of industrial chain and reconstruction of industrial system. The reorganization and integration of the Northeast region has also been accelerated.

2024-10-15 16:04:22

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.