China: Solid Growth In Building Material Industry

China's building material industry has seen rapid growth both in production and sales in 2006, with the industry restructuring also making substantial progress, according to the National Development and Reform Commission (NDRC).

The industry recorded a revenue of 1.15 trillion yuan last year, up 29.3 percent from 2005. Profits amounted to 60.3 billion yuan, an increase of 47.1 percent, the nation's top economic planning body said.

Cement manufacturing is the largest sector in China's building material industry. Last year, the sector's profit saw a rapid growth of 92.6 percent.

Apart from cement production, other building material sectors such as flat glass, stone materials and construction ceramics also saw over 25 percent growth in 2006.

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600450 China: Solid Growth In Building Material Industry
Date: 18 April 2007

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