One of the largest cement producers in the world, the Chinese holding company Anhui Conch Cement, reported a growth in net profit of 1.4 % YoY in 2020 (to CNY 33.2 billion, or about US$ 5.1 billion). Sales revenue in 2020 increased by 12.2 %, up to CNY 176.24 billion (about US$ 27.1 billion).
EBITDA for 2020 increased by 5.7 % compared to 2019 and amounted to CNY 47.1 billion (about US$ 7.2 million).
Anhui Conch was expected the pandemic would temporarily affect demand from the construction sector, but, as the company's H1 2020 report noted, the holding's revenues in 2020 could more likely be influenced by the strict environmental policy of the Chinese authorities and high coal prices.
Anhui Conch has over 140 subsidiaries in 18 provinces in China, as well as Indonesia, Myanmar, Laos and Cambodia. The production capacity of the holding's enterprises exceeds 240 million tons of cement per year.
In October 2019, Anhui Conch representatives began negotiations with the government of Uzbekistan on the construction of a cement plant with a capacity of 2.2 million tons per year in the Akhangaran district of the Tashkent region.
