久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Mix will firm up concrete industry

By Zhong Nan and Zou Shuo | China Daily | Updated: 2017-09-14 07:43
Share
Share - WeChat

The upcoming merger between two State-owned building materials manufacturers-China National Building Materials Group Corp and China National Materials Group Corp-will give the new entity a clear edge, especially in the cement business, over other global peers, experts said on Wednesday.

Their comments came after nine listed subsidiaries of the two building materials giants suspended trading on the Shanghai and Shenzhen stock exchanges last week, raising speculation about further substantial actions to be taken in their merger, which was announced last year.

According to a statement jointly released by the two companies last week, CNBM will acquire all shares of SINOMA.

Once the deal is completed, Beijing-based CNBM will become China's largest nonmetal materials manufacturer, cement equipment and engineering service provider by production capacity, with total assets of more than 550 billion yuan ($84.32 billion) and 250,000 employees.

"Since their business is overlapped in the cement sector, the reorganization will help the two companies cut excess capacity and enhance research and development ability to develop other new building materials, preventing price wars in gaining orders for cement from overseas mar-kets," said Zhao Ying, a researcher at the institute of industrial economics of the Chinese Academy of Social Sciences in Beijing.

CNBM's cement production capacity reached 409 million metric tons in the first half of this year, while SINOMA produced 112 million tons of cement.

The merger talks of the two giant groups started last August, when the State-owned Assets Supervision and Administration Commission approved their merger to cut overcapacity and maintain competitiveness of the cement industry.

CNBM is well known as a manufacturer of cement, glass, lightweight building materials and glass fiber, while SINOMA possesses core technologies and complete innovation systems for nonmetals.

"For these two groups, halting trading of all their listed subsidiaries signals the possibility of internal resources integration and mixed-ownership reform, such as employee stock ownership plan (that) might be prepared and conducted," said Shen Meng, director of boutique investment bank Chanson & Co.

Li Jin, chief researcher at the China Enterprise Research Institute in Beijing, said: "China will continue to reinforce the integration between similar businesses and take advantage of leading industry players."

The State Council released the guidelines on SOE mergers and acquisitions last July, calling on the enterprises to form a mechanism in which State assets can flow flexibly by way of merger and acquisition, innovation, reducing capacity, and dealing with inefficient capital.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 大片刺激免费播放视频 | 99久久伊人一区二区yy5099 | 国产a级一级久久毛片 | 91精品久久久 | 久久99国产一区二区三区 | 欧美在线高清视频播放免费 | 成人在线a | 精品外国呦系列在线观看 | 成人亚洲在线 | 黄网站在线播放视频免费观看 | 亚洲好逼 | 成人在线观看网址 | 日本精品高清一区二区2021 | 国产日产久久 | 日韩欧美在线一区二区三区 | 99久久精品久久久久久婷婷 | 欧美日韩精品一区二区三区视频在线 | 在线精品免费视频 | 国产成人在线视频 | 亚洲成人一区在线 | 国产日本欧美高清免费区 | 日本免费人成黄页网观看视频 | 日本三级中文字幕 | 日韩欧美日本 | 毛片国产 | 亚洲在线精品 | 欧美日韩一区二区三区免费 | 日本一区二区三区国产 | 久久免费视频2 | 99国产精品欧美久久久久久影院 | 成人高清在线观看播放 | 国产精品成人影院 | 亚洲国产精品激情在线观看 | 亚洲天堂二区 | 9191精品国产费久久 | 成人久久影院 | 免费人成年短视频在线观看网站 | 欧美日韩中文一区二区三区 | 九月婷婷亚洲综合在线 | 国内成人免费视频 | 一个人免费观看日本www视频 |