Speeding up the acquisition of Jidong cement sword means billion ton capacity

Although cement has been classified as a tightly controlled industry by the state, it clearly does not stop the big cement companies from expanding their resolve. "Our pace of development will not be slowed by policy constraints," August 23, Jidong Cement (000401).　　SZ) Deputy general manager Li Jianjun to reporters. Behind the voice is the rapid growth of jidong cement business data.　　Jidong Cement August 21 announced the semi-annual report, 2010 1-June, the company achieved operating income of 4.58 billion yuan, a year earlier growth of 79.97%, the ownership of the parent company's equity net profit of 540 million yuan, a year earlier growth of 75.37%. "The increase in market concentration enhances the company's grip on the market and increases the company's target market price." Sales increase and price increase, the company's operating income growth of 80% year-on-year.　　"The Galaxy Securities building Materials industry analyst said in a loud voice. This stems from the strategic layout of Jidong. Since 2007, Jidong Cement has gradually implemented the strategic policy adjustment from the original "three North" development strategy to the regional leading strategy.　　At present, Jidong Cement has been in Beijing-Tianjin-Hebei, Jilin, Liaoning, Shaanxi, Inner Mongolia, five regions, and at the same time to Shanxi, Hunan, Chongqing, Shandong and other areas to expand. According to the plan, 2010 Jidong Cement Total capacity will exceed 80 million tons, the annual production reaches 55 million tons, and by 2011, Jidong Cement will also have 11 production lines put into production, the cumulative contribution of cement production capacity of about 20 million tons, compound growth rate will reach 40%. "This means that 2011-year capacity will reach 100 million tonnes by the end of 2012, cement capacity is expected to exceed 130 million tons." According to the introduction, the current cement industry to eliminate the highest proportion of the region's top three, respectively: North China, northeast and South China, and Jidong cement that the backward capacity elimination will effectively enhance the company's market concentration, to enhance the Hebei East cement market control. "We will also choose the region's relatively good corporate cooperation, improve regional concentration, and further integrate the market," Li Jianjun said, "Hebei province also very much hope to cultivate large building materials group, we have been with some enterprises in the province to study mergers and acquisitions." "In addition to continue to deep in the cement industry, Jidong Cement for the extension of the industrial chain has been eager."　　At present, Jidong Cement has a cumulative contribution of 480 million yuan, with the controlling shareholder Jidong Development Group jointly established Tangshan Jidong Cement Concrete Investment Development Co. "Now the concrete industry is not large enterprises, concentration is very low, the overall benefit of the industry is not high; like Beijing's concrete market is very poor, almost impossible to be worse." And this time to come in may be the best time, in the future in this area if the region can be integrated, to our cement business will also have a small increase. "Li Jianjun said.