Anhui Conch sees profit in cement sector streamlining

Anhui Conch Cement (0914.HK) is looking to increase market share and boost profits off Beijing’s efforts to consolidate the country’s cement industry, the South China Morning Post reported. Over the next three to five years, the government plans to streamline the cement sector by closing old, inefficient cement plants. Zhang Mingjing, Anhui Conch vice-general manager said, "This will give big cement companies like ours room for expansion. It will be very beneficial for the growth of big cement companies." The National Development and Reform Commission aims to shutter 500 million tons of obsolete cement production capacity this year.