In China, we are represented in the cement business with the two joint ventures China Century Cement and Jidong Heidelberg Cement Company in the Guangdong and Shaanxi provinces.
In 2016, the chinese economic growth weakened further with an increase of 6.7% in the gross domestic product, but proved to be more stable than expected thanks to lively consumption.
Sales volumes of our two joint ventures fell by 11.2% in 2016 due to the sustained slowdown in infrastructure and residential construction in our markets. However, cement prices recovered considerably in both provinces.
In 2016, we have invested in the reduction of dust emissions through the use of new and additional bag filters in China.
We are active in the ready-mixed concrete business in Hong Kong through our joint venture Alliance Construction Materials Limited. We operate 6 RMC plants. In Hong Kong, sales volumes of ready-mixed concrete declined as a result of intensified competitive pressure.
Number of Plants (JV)
(As of 2017)