China's cement output seen reaching 1.25 bln tons by 2010
China expects its annual cement output to reach 1.25 bln tons by 2010, up from 1.06 bln tons in 2005
?BEIJING (AFX) - China expects its annual cement output to reach 1.25 bln tons by 2010, up from 1.06 bln tons in 2005, the National Development and Reform Commission (NDRC), China's top economic planning agency, said.
According to a statement published on the NDRC's website, China's cement production grew 10 pct in 2005, compared with 12 pct annual growth between 2000 and 2005.
Major cement firms posted revenue of 260.8 bln yuan in 2005, up 16.2 pct, it said.
However, some 1,851 out of 5,149 cement firms recorded losses, the NDRC said, adding that cement output far exceeds domestic demand.
As part of its plans to consolidate the cement industry, the NDRC said the number of cement enterprises should be reduced to 3,500 companies in 2010, with an average capacity of 400,000 tons for each firm, double the levels recorded in 2005.
The NDRC also said the 2010 targets for the industry factor in greater efficiency in the use of resources.
According to a statement published on the NDRC's website, China's cement production grew 10 pct in 2005, compared with 12 pct annual growth between 2000 and 2005.
Major cement firms posted revenue of 260.8 bln yuan in 2005, up 16.2 pct, it said.
However, some 1,851 out of 5,149 cement firms recorded losses, the NDRC said, adding that cement output far exceeds domestic demand.
As part of its plans to consolidate the cement industry, the NDRC said the number of cement enterprises should be reduced to 3,500 companies in 2010, with an average capacity of 400,000 tons for each firm, double the levels recorded in 2005.
The NDRC also said the 2010 targets for the industry factor in greater efficiency in the use of resources.
