皇冠体育app

Sixty key cement companies will become the industry leaders under a fresh consolidation, according to the National Development and Reform Commission (NDRC).

The 60 will enjoy government support in terms of approval for new projects, mergers and acquisitions, land use and credit, the NDRC, the nation's top economic planning body, said on its website.

A cement plant in East 皇冠体育app's Anhui Province.[newsphoto]

The list includes 12 national cement manufacturers and another 48 local firms, including the country's biggest cement company, 皇冠体育app Anhui Conch Group Co Ltd.

"The consolidation aims to develop 皇冠体育app's cement companies into world cement giants," said Hong Liang, an analyst with 皇冠体育app Galaxy Securities.

Although 皇冠体育app is the world's largest cement producer, there are currently too many small manufacturers, said Hong, adding that most of them use outdated equipment.

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