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News Chinese cement industry records profit and sales growth in 2019

Chinese cement industry records profit and sales growth in 2019

Written by Global Cement staff 16 March 2020
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China: The Ministry of Industry and Information Technology (MIIT) has reported net profit growth for the entire domestic cement sector of 20% year-on-year to US$26.6bn in 2019 from US$22.3bn in 2018. Total revenues reached US$144bn, representing an increase of 13% from US$128bn. Xinhua China Economic Information Service has reported that the MIIT attributed the profit growth to a reduction in overcapacity throughout the year due to supply-side structural reform.

Last modified on 18 March 2020
Published in Global Cement News
Tagged under
  • China
  • Ministry of Industry and Information Technology
  • revenue
  • Sales
  • Profit
  • Overcapacity
  • reduction
  • Supply
  • GCW447

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