On July 2, the people of Dengfeng City, Henan Province, issued a public announcement. On July 26,
2024, Dengfeng People's Court decided to accept the bankruptcy liquidation case of Dengfeng No.3 Cement Plant on the basis of the application of Dengfeng No.3 Cement Plant.
The Court finds out that Dengfeng No.3 Cement Plant is insolvent, unable to pay off due debts and its assets are insufficient to pay off all debts; meanwhile, Dengfeng No.3 Cement Plant has no possibility of reorganization and reconciliation.
In accordance with the relevant provisions, the Court ruled on July 2, 2025 to declare the bankruptcy of Dengfeng No.3 Cement Plant.
It is understood that the No.3 Cement Plant in Dengfeng City is a town-run enterprise of the People's Government of Yingyang Town in Dengfeng City. Due to long-term debt operation, high production costs, obsolete production equipment, backward technology, small production and many other reasons, it has suffered serious losses for a long time, with a cumulative debt of nearly 6 million yuan, which has been insolvent.
It is understood that since this year, many cement enterprises have declared bankruptcy/filed for bankruptcy.
On June 25, the Fifth Intermediate People's Court of Chongqing issued a civil ruling that the liquidation team of Chongqing Jinyun Cement Plant, the applicant , found that the company's existing assets were insufficient to pay off all its debts and met the acceptance conditions for bankruptcy liquidation. We hereby apply to the court for bankruptcy liquidation. During the reorganization period
, Hegang Donghua Cement Co., Ltd. did not recruit interested investors and lacked the possibility of reorganization. On June 17 , the Intermediate People's Court of Hegang City, Heilongjiang Province, declared Donghua Cement bankrupt.
Etuoke Banner Hengzhuo Cement Co., Ltd. was filed for bankruptcy on the grounds that it could not pay off its debts due and its assets were insufficient to pay off all its debts. It is reported that the company's cement clinker production line with a daily output of 2400 tons has been transferred to Hunan Haolong Environmental Protection Building Materials Co., Ltd. and the main production line equipment and ancillary facilities of the Φ4.0 * 60m rotary kiln have been completely dismantled, and the site has been leveled. It is no longer possible to restart and resume production.
Shehong Jialu Cement Co., Ltd. was declared bankrupt on May 12, 2025 because it could not pay off its debts due, and its assets were insufficient to pay off all its debts, and it obviously lacked solvency. The company has two 500,000-ton/year grinding stations. The existing assets
of Etuoke Banner Yongheng Cement Co., Ltd. are obviously insufficient to pay off the debts due, and there is no possibility of reorganization and reconciliation, so it was declared bankrupt on May 11.
In addition, according to China Concrete Network, nearly 30 concrete enterprises have been filed for bankruptcy this year, the list is as follows:
Industry insiders said that the current demand is weakening and the contradiction between supply and demand is intensifying. Problems such as overcapacity and fierce price competition come one after another, and both cement and concrete industries are in trouble. To change this situation, industry self-discipline is imperative. Enterprises should reach a consensus, abandon short-term profit-seeking thinking, proceed from the overall interests of the industry, and reasonably control production capacity. In terms of price, enterprises should avoid falling into the quagmire of price war, jointly maintain a reasonable price range, and ensure that the industry has sufficient profits to support the follow-up development.
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