China: The China Cement Association (CCA) has drafted a plan to promote mergers and acquisitions in the cement industry, according to an 'industry insider' quoted by Xinhua's China Economic Information Service. The plan is to help the cement industry to eliminate its out-dated production capacity and increase the concentration ratio of the industry.
According to the plan, the number of cement enterprises in the country will witness a significant drop during the 12th Five-Year Plan period (2011-2015) from that in seen in 2010, with no more than 1000 cement clinker enterprises and no more than 2000 large-scale cement grinding stations, each with annual output of more than 600,000t/yr, left by the end of 2015.
The plan also aims to develop five enterprise groups that each have annual output of more than 100Mt/yr and have a complete industry chain, core competence and international influence.
