Southwest Cement Acquires National Cement

Recently, the Jiangyou Municipal Government held a three-party signing ceremony for Sichuan Guoda Cement Co., Ltd.'s share transfer Southwest Cement Co., Ltd. Municipal Party committee ** Song Kaihui attended the signing ceremony and made a speech. The Municipal Party Committee Vice Mayor and Mayor Ma Hui presided over the ceremony. Municipal Standing Committee, executive deputy mayor Zhang Guigang and deputy mayor He Siwen attended the signing ceremony.

In his speech, Song Kaihui expressed his congratulations to the successful cooperation between Sichuan National University Cement and Southwestern Cement Co., Ltd. He said that Jiangyou is the hometown of cement, and the building materials industry is one of the important industries in the "1+3" industry. In recent years, Jiangyou has fully brought into full play its own industrial and resource advantages, and actively introduced advantageous capital, advanced equipment, and outstanding talents, and vigorously optimized it. The structure of the cement industry, the two cement companies with a daily output of 4,000 tons from the National University of China and the Red Lion, have enabled the Jiangyou cement industry to upgrade. At present, the cement production capacity of the city has exceeded 10,000 tons.

Song Kaihui hopes that through further cooperation, the two sides will better promote the combination of advantageous capital and advantageous resources to achieve a win-win situation for both parties. The Southwest Cement Company shall use multiple resources to further extend the industrial chain of the company and diversify its participation in the local economic construction of Jiangyou, and make the company bigger and stronger. The National University must continue to maintain a state of work and work under the guidance of the Southwest Cement Company. We must do a good job in all aspects of corporate development. In particular, we must strengthen the management during the transition period to ensure that the normal production and business activities of the company are not affected.

Song Kaihui said that the municipal party committee and government will continue to provide high-quality, efficient, and convenient services to enterprises and create a more excellent environment for the survival and development of the company.

Subsequently, Zhang Guigang and the heads of the two companies signed a tripartite share transfer agreement.

Comment: The merger of Southwest Cement with NUS Cement has not benefited Southwest Cement's expansion and strengthening of the cement industry in Southwest China, resulting in economies of scale, thereby reducing costs and improving profitability. At the same time, it is conducive to the optimization and upgrading of the cement industry structure, enhance product quality, and create a brand effect, which will effectively enhance the comprehensive strength and market competitiveness of the cement industry in the southwest, and bring new vitality and vitality to the industrial development of the southwest.