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Source: CNBM 

Date: January 4th, 2013

Under the agreement, the two sides will, based on respective advantages, thoroughly implement the nation¡¯s policies for cement industry development in the ¡°twelfth five-year¡± period, jointly advance the expansion of the production capacity of regional markets and the optimization of market layout, rationally restructure markets and promote the orderly and healthy development of regional cement markets. Besides, the two sides will explore new cooperation fields and modes, and carry out extensive and in-depth cooperation in fields such as production and business operations, environmental protection and technology, and ¡°globalization¡±. Also, the two sides will establish a strategic cooperation and coordination group and a consultation promotion mechanism to ensure the practical and smooth advancement of strategic cooperation.

Both industry experts and the capital market are optimistic about the cooperation. In the context of serious overcapacity in the cement industry, fierce malignant competition and the plunge in industrial benefits, the cooperation is of great significance to push forward regional industrial restructuring, transformation and upgrading, they said, adding the strong combination will shore up the confidence of regional cement markets, boost the integration of industrial resources and the healthy development of markets, and benefit small and medium-sized enterprises.