Asia Cement (China) seeks M&A activity, strategic alliances

Asia Cement’s China subsidiary is seeking mergers and acquisition opportunities, as well as the creation of strategic alliances, to raise production capacity and boost its competitive edge.

Asia Cement (China) will target cement producers in China, including small and medium-sized firms in different regions.

In early January, Asia Cement and its Chinese subsidiary singed a strategic partnership with Anhui Conch and China Conch Venture Holdings to explore opportunities in sharing green technologies, management expertise, market and product expansion and cost control.

Asia Cement (China) is also expanding its capacity with 13 production lines scheduled to become operational this year. Its capacity is expected to rise from 32Mt to 40Mt next year, and is anticipated to hit 50Mt in 2016.