Belt and Road Creates Huge Market for Building Materials, CNBM Chairman Says

Yicai

2017-05-14

(Yicai Global) May 14 -- Construction resulting from the One Belt, One Road initiative is creating a huge market for building materials, with major requirements along the strategy’s route being infrastructure, urbanization and industrialization.

“This is exactly what China has been doing over the past three decades,” said Song Zhiping, chairman of China National Building Materials Group Corp. “So it has a range of relevant and successful experience as well as equipment and technology well suited to the needs of the countries along the route.”

“Some 65 percent of the cement and glass used in Belt and Road construction is provided by CNBM,” Securities Times quoted him as saying today at the Belt and Road Forum for International Cooperation.

In addition to products and equipment exports, Song believes that international capacity cooperation is another CNBM focus. “It began to make investment to set up plants in the Belt and Road countries,” he said. “Including cement, glass and new materials factories to support construction in regions along the route and contribute to their economies.”

The firm previously made moves into the Middle East, and is now speeding up its plans for Africa, which alongside South Asia, Southeast Asia, India and Russia, will be one of CNBM’s main areas of competition, Song added.

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