Concentrating cement capacities

Merger of leading cement companies will likely concentrate the industry's capacities, according to the China Cement Association.

In a recent paper on the cement industry consolidation, the CCA informed the government departments concerned that by the end of 2020, more than 60 percent of the production capacity in the country would vest in the top 10 companies.

Qiao Longde, president of the CCA, said that the industry is mired in low efficiency and chaos because most cement factories are small and scattered, lacking in high technologies and management expertise.