CNBM gains profit by 36% last year

China National Building Material Group Corporation (CNBM) has held its 2009 Working Conference recently. CNBM has outstripped its annual production goal in 2008, creating annual revenue at 60.8 billion yuan, up 82% on year, with its total assets increased by 71% and profit by 36%, according to Yao Yan, the General Manager of CNBM.

In 2008, CNBM made a great progress in strategies and integration of resources: the success of restructuring Southern Cement and China United Cement Corporation expands the capacity of new dried cement over 100 million tons; the acquisition of Huaguang Group and China United Glass further solid the foundation of the company’s glass business.

CNBM will give great impetus to technology innovation and energy conservation, perfect the combination and reconstruction of cement and float glass, strive to develop new building materials, new energy saving buildings and new energy materials. Meanwhile, CNBM will concentrate its efforts on centralized, standardized and performance management so as to upgrade the market competitiveness and profitability.