China Shuangji Cement, Ltd. is a company on the rise. Located in Zhaoyuan City, China, this young company has evolved into a leading producer of high-quality Portland cement in both the Shandong and Hainan Provinces. Today, China Shuangji announced they are seeing a major demand for the company’s products due to the strength of the domestic economy.
According to data released by the National Bureau of Statistics (NBS), industrial production accelerated 13.9% year-over-year in August which was far stronger than the 13.4% rate in the previous month. Fixed-asset investment soared to $2.1 trillion which was up close to 25% in the first eight months of 2010 while property market investment and investment in railways grew 36.7% and 21.7% respectively.
These statistics have exceeded predictions by economists who expected more modest growth. The Financial Stability Report from the People’s Bank of China stated that drivers of economic growth from urbanization to upgrading of the consumption structure are expected to strengthen.
One of the leaders at China Shuangji is Mr. Wenji Song who serves as the company’s Chairman and President. Shuangji was quoted as saying, “We expect a vibrant domestic economy coupled with government stimulus, and the rapid development of China’s infrastructure will continue to boost construction spending and keep demand for cement high. Many of the government initiatives to expand and upgrade the country’s physical infrastructure, especially highways, railways and subway systems, all require cement. The strong markets for cement that we operate in enjoy a healthy pricing environment that we expect to remain intact as demand for our products increases.”
Currently, China Shuangji Cement is trading in the $0.55 range. To learn more about China Shuangji Cement, visit the company website at: shuangjicement.com.
Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net
Disclosure: no positions
China Shuangji Cement, Ltd. (CSGJ.OB) Sees Demand Rise on Economic Strength
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.