China’s cement industry posts steady growth

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BEIJING, Sept. 22, 2019 (BSS/Xinhua) – The production of China’s cement
industry expanded steadily in the first eight months, data showed.

Cement output totaled 1.47 billion tonnes in the Jan.-Aug. period,
registering a year-on-year growth of 7 percent, according to the Ministry of
Industry and Information Technology (MIIT).

In August, the output of cement stood at 210 million tonnes, up 5.1 percent
year on year.

The sector raked in 542.5 billion yuan (about 76.3 billion U.S. dollars) in
revenue in the first seven months, up 16.2 percent from a year ago, while the
profit in the period increased 27.2 percent to 99.7 billion yuan.

The MIIT said it will promote the industry’s transformation and upgrade by
focusing on intelligent and environmentally-friendly development.