China’s largest cement producer by market value, Anhui Conch Cement (0914.HKG, 600585.SHA), plans to increase its production capacity by 30 million metric tons through acquisitions with the government trying to consolidate production, Bloomberg reported. The Chinese government is trying to improve the environment by attempting to limit new factories and encouraging acquisitions. A 30 million ton increase would be equivalent to 14.4% of Anhui Conch’s 2012 capacity of 209 million tons. Anhui Conch’s chairman, Guo Wensan, stated in a press conference on Wednesday that it will also try and add 10 million tons of capacity in Southeast Asia in the next three to five years.
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