In 2016, Jidong Cement and Jinyu Co., Ltd. merged and reorganized the cement business of Jidong Cement Co., Ltd
The strategic restructuring of Jinyu Jidong is a demonstration case of the coordinated development of major industries and property rights restructuring in Beijing-Tianjin-Hebei, and an important practice for the overcapacity industry to promote supply-side structural reform, creating a large-scale merger and acquisition in China's cement industry through marketization.
As the only cement and concrete business platform of Beijing Jinyu Group (Co., Ltd.), the reorganized Jinyu Jidong Cement integrates cement, concrete, sand and gravel aggregates, dry-mixed mortar, admixtures, environmental protection, refractories, logistics, mineral powder, etc., and has become one of the core industries with the largest asset scale, the best profitability, the widest layout area and the strongest competitiveness of BBMG Co., Ltd., with a clinker production capacity of 110 million tons, a cement production capacity of 170 million tons and a ready-mixed concrete production capacity of 78 million cubic meters. The total installed capacity of waste heat power generation is 547.7 megawatts, which can generate 3.87 billion kWh of electricity annually, save 1.36 million tons of standard coal, reduce carbon dioxide emissions by 3.646 million tons, and the reserves of limestone, aggregates and other resources reach 3.5 billion tons and 250 million tons respectively, forming a complete building materials industry chain supporting upstream and downstream, and laying out 13 provinces (autonomous regions and municipalities directly under the central government) such as Beijing, Tianjin, Hebei, Liaoning, Kyrgyzstan, Hei, Mongolia, Shaanxi, Shanxi, Shandong, Henan, Hunan and Chongqing, and developing to South Africa and other countries, becoming China's third. The world's fifth-largest cement enterprise and one of the country's largest comprehensive building materials enterprises.
Jinyu Cement and Jidong Cement are among the 12 large-scale cement groups (enterprises) supported by the state, and they are both landmark enterprises with important influence and industry contributions in the history of China's cement industry. Thereinto:
While extensively participating in national key projects and major infrastructure construction, BBMG has always adhered to the concept of "green development, circular development and low-carbon development" as the guide, relying on the intellectual property rights of independent innovation, to comprehensively promote the pace of environmental protection transformation of the group's cement industry. Built and operated the first domestic demonstration line with independent intellectual property rights for harmless disposal of industrial waste, the first domestic demonstration line for industrial disposal of fly ash, the first domestic sludge production line relying on cement kiln resource disposal of urban sewage treatment plant, the first domestic demonstration line for harmless disposal of municipal solid waste, and the largest urban hazardous waste disposal center in Beijing. Environmental safety and social harmony contribute. It has realized the coordination and unity of economic, social and ecological benefits, and formed a new pattern of leapfrog development driven by innovation.
The original Jidong Cement undertook the century-old history of Qixin Cement, which was founded in 1889 and was known as the "cradle of China's cement industry", and successfully introduced the country's first 4,000 tons per day new dry cement process production line more than 30 years ago, digested and absorbed advanced technology, and built China's first 4,000 tons per day new dry process cement localization demonstration line, cultivated a large number of outstanding industry and technical talents in China, and made outstanding contributions to the development of China's cement industry. The cradle of China's new dry cement industry" and "the vanguard of China's cement industry", with a solid business foundation, high level of technical equipment, rich cement professional human resources, and extensive industrial layout, it has significant comparative advantages.
The strategic reorganization of Jinyu Jidong is to conform to the trend of the cement industry, give full play to their respective advantages, and realize the historic choice of strong alliance, the effect of "1 1>2" in the year of reorganization is immediate, and the future development prospects are broad, Jinyu Jidong Cement will accelerate towards "world-class modern, professional, large-scale cement listed companies", and make new and greater contributions to the sustainable and healthy development of the national economic development and building materials industry.
