Shao Jun, Chairman of China Cement Network, and His Delegation Visited Jiangshanhu Group

2024-03-01 18:42:32

On March 1, Shao Jun, Chairman of China Cement Network, and his delegation visited Jiangshanhu Group Co., Ltd. and received a warm reception from Xu Zhonghui, General Manager of Jiangshanhu Group Co., Ltd. The two sides had an in-depth exchange on the current development situation of the cement industry.

On March 1, Shao Jun, Chairman of China Cement Network, and his delegation visited Jiangshanhu Group Co., Ltd. and were warmly received by Xu Zhonghui, General Manager of Jiangshanhu Group Co., Ltd. The two sides had in-depth exchanges on the current development situation of the cement industry.

Xu Zhonghui said that the current low-price cement in Jiangxi market and the cement in coastal and riverside areas have a greater impact on Zhejiang market. For the cement enterprises in Zhejiang Province, they can still compete with Jiangxi Cement in the market through regional advantages, but the water transportation along the Yangtze River and coastal areas is convenient, and most of the cement enterprises are rich in mining resources, the cost of cement is low, and the current price still has room to explore. It constitutes a more direct competitive pressure for cement enterprises in Zhejiang Province.

 

Under such industry background, the best way for local cement enterprises to seek development in the predicament and achieve win-win situation is to find common interests in the region through rational cooperation and compromise, so as to avoid disorderly price competition. As

for the development trend in the coming year, Xu Zhonghui believes that in view of the unsatisfactory overall economic environment, the downstream market demand has not yet started significantly, and it is expected that the recovery process of the cement market will be delayed this year. He said frankly that the operation of cement enterprises will largely depend on when the market demand can substantially rebound. In the absence of demand improvement, cement enterprises may face more severe challenges in the coming days.

Cement industry has serious overcapacity, the impact of peak staggering production on the supply side has declined significantly, the "competition and cooperation relationship" formed over the years has broken down, and the pressure of industry operation has doubled. How should the cement industry get out of the predicament and face the new cycle?

On March 28-29, China Cement Network will hold the " 13th China Cement Industry Summit and TOP100 Award Ceremony " in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!

All can be viewed after purchase
Correlation

Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.