China's cement industry has been trapped in sharp profit decline and its actual capacity utilisation has declined to 65%, according to an Economic Information Daily report.

Industry insiders believe that previous high speed development has overdrawn the demand for cement and that closing obsolete cement capacity and promoting mergers and restructures will be the new orientation for the industry. At least 500Mt/yr of low-grade cement capacity will be eliminated.

The number of loss-making cement companies has reached 1339 and accounted for 40% of the total, according to Kong Xiangzhong, Executive Vice President and Secretary General of the China Cement Association. Cement companies lost US$2.63bn in the first three quarters of 2015 and among the profit-making producers, many were suffering invisible losses.

Faced with this situation great wall corporation need do our best in our machinery and service, and extending our sights to the world, using our R&D technology to save the cost and win the foreign customer.

Great wall company has self-built large foundry base, Xinxiang Great Wall Steel Casting Co., Ltd, whose annual production capacity is up to 50,000 tons, covering an area of 25,000m³, and the weight of single piece casting can reach 120 tons. The company is the largest steel-casting base in the north of Henan Province with advanced technology.