subject: China Shuangji Cement, Ltd (OTCBB: CSGJ) Benefiting From Industrial Production Boom [print this page] China Shuangji Cement, Ltd, announced today that itwill soon begin rapidly growing sales and profits as its new Zhaoyuan City cement plant ramps up production. Earlier this month, the company presented at the Rodman & Renshaw Annual Global Investor's Conference, a gathering of high-profile institutional and individual investors coming together to interact with fledging publically-traded companies.
China Shuangji is a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People's Republic of China. The company expects the new cement plant build in Zhaoyuan City will be completed and operational by the end of this week, and the plant is situated a few miles from the old plant. The Zhaoyuan City facility has a 1,000,000 metric ton capacity with direct access to a new highway that leads to many of China Shuangji's customers as well as to nearby ports.
The company currently produces about 1.5 MT of high-quality Portland cement from the two facilities, one in the Hainan province and one in the Shandong province. Total production capacity could increase by as much as 66% to 2.5 MT once the new Zhaoyuan cement plant is open and operation. Sales and profits are expected to rise as well.
"Now that all the equipment is installed and operational, we are working to quickly ramp up cement production at our new Zhaoyuan City facility and bring it to full capacity by the end of the year," said Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd.
China Shuangji processed cement products are primarily purchased by contractors for the construction of buildings, roads, and other infrastructure projects in China and all around the world. Which the country emerging as a superpower following explosive GDP growth on the heels of the world's economy, the cities are expanding and the countryside will be modernizing with infrastructure.
The company is now headquartered in Zhaoyuan City, and according to data released by the National Bureau of Statistics, industrial production has been booming year-over-year for August 2010 at an increase of 13.9%, with July's production increasing only 13.4% for the month. Fixed-asset investment soared to $2.1 trillion, up approximately 25% in the first eight months of 2010. Should the growth continue to gain steam, so will China Shuangji.
Today, shares of China Shuangji are up $.05, or about 9% at $.58 a share on medium volume.
