Anhui Conch Cement Company Limited

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A major Chinese cement and clinker producer serving construction, infrastructure, concrete, and industrial markets.

Last updated November 4, 2026

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Overview

Anhui Conch Cement Company Limited, commonly known as Conch Cement, Anhui Conch, or Hai Luo Cement, is one of China’s largest cement manufacturers and sellers. The company is headquartered in Wuhu, Anhui Province, and operates as the listed cement flagship associated with Anhui Conch Group. Its principal business is the manufacture and sale of cement and cement clinker, with related activities extending into commercial concrete, aggregates, logistics, environmental services, digital industrial systems, and selected new-energy applications. Conch Cement supplies industrial customers rather than ordinary retail consumers. Its customers include construction companies, infrastructure contractors, ready-mixed concrete producers, building-material distributors, property developers, industrial-project operators, and public-sector infrastructure projects. Cement is a high-volume, relatively low-value-to-weight material, so the company’s competitive position depends heavily on the location of limestone reserves, kiln and grinding capacity, energy costs, transportation links, regional market share, and the utilization rate of production assets. The company was established in 1997 and developed from the cement operations associated with Anhui Conch Group. Its H shares began trading on the Hong Kong Stock Exchange on October 21, 1997. Its A shares were subsequently listed on the Shanghai Stock Exchange on February 7, 2002. The dual-listing structure gave Conch Cement access to both mainland Chinese and international capital markets and supported the construction of large-scale production lines, acquisitions, technological modernization, and geographic expansion. Conch Cement’s manufacturing model is based primarily on integrated modern dry-process production. Limestone and other raw materials are quarried, crushed, blended, and processed into clinker in high-temperature kilns. Clinker is then ground with gypsum and other supplementary materials to produce finished cement. This model requires substantial investment in mines, kilns, grinding mills, power systems, pollution controls, quality laboratories, and logistics infrastructure. The company’s scale allows it to spread fixed costs across large production volumes and to coordinate procurement, production, sales, and distribution across regional markets. Its product portfolio includes ordinary Portland cement, high-strength Portland cement, composite cement, blended cement, sulfate-resistant cement, cement clinker, commercial concrete, aggregates, crushed stone, gravel, and manufactured sand. Products are sold under the Conch brand and are used in roads, bridges, railways, tunnels, ports, housing, industrial facilities, airports, water projects, and municipal infrastructure. The company has also supplied customized cement and aggregate products for technically demanding projects, including major tunnel and transportation developments in Anhui. Although mainland China remains the company’s core market, Conch Cement and related Conch entities have expanded into overseas markets, particularly in Southeast Asia and other developing regions. Overseas investment has included production facilities, joint ventures, project cooperation, and regional supply networks. International expansion has been linked to the Belt and Road development environment, local construction demand, access to mineral resources, and the opportunity to transfer Conch’s operating, engineering, and environmental-management capabilities. The company’s demand is closely connected to infrastructure spending, urbanization, industrial investment, property construction, and broader fixed-asset activity. Its performance is therefore affected by construction cycles, regional supply and demand, coal and electricity prices, freight costs, environmental rules, production suspensions, real-estate conditions, and national policies affecting cement capacity. Cement manufacturing is also carbon- and energy-intensive, making emissions control, alternative fuels, waste co-processing, waste-heat recovery, renewable power, energy efficiency, and carbon-reduction technology central to Conch Cement’s long-term strategy. Conch Cement is controlled by Anhui Conch Holdings, which is linked to the Anhui provincial state-asset system through Anhui Provincial Investment Group Holdings and related entities. The broader Conch group has progressively promoted a strategy that retains cement as its foundation while developing new energy, new materials, environmental protection, digital industries, and modern trade and services. Within that structure, Conch Cement remains the principal operating brand and the group’s largest industrial platform. Its market identity is built around large-scale manufacturing, cost discipline, integrated resources, reliable quality, regional distribution, technological modernization, and the transition toward greener and more intelligent cement production.

History

Anhui Conch Cement emerged from the cement-industrial base developed by Anhui Conch Group in Anhui Province. The company was formally established in 1997 as a specialized cement and clinker enterprise intended to consolidate, modernize, and expand the group’s core building-materials operations. Wuhu became the company’s headquarters and an important center for management, engineering, logistics, and industrial coordination. A defining early milestone was the company’s access to both Hong Kong and mainland Chinese capital markets. Conch Cement’s H shares began trading on the Hong Kong Stock Exchange on October 21, 1997. Its A shares were listed on the Shanghai Stock Exchange on February 7, 2002. The dual-listing structure strengthened the company’s financing capacity and broadened its investor base during a period when China’s construction, infrastructure, and urban-development markets were expanding rapidly. The company’s growth model centered on large, modern dry-process cement lines rather than fragmented small-scale plants. This approach integrated limestone mining, raw-material preparation, clinker production, cement grinding, quality control, waste-heat recovery, electricity generation, and regional distribution. Scale was strategically important because cement is expensive to transport relative to its selling price. By locating production near limestone resources and major demand centers, Conch Cement could reduce logistics costs while building strong positions in regional markets. During the 2000s, Conch Cement became one of the most prominent cement producers in mainland China. Its development coincided with a nationwide restructuring of the cement industry, in which older and less efficient facilities were progressively replaced or complemented by larger production lines. Conch promoted modern kilns, centralized management, energy-saving technology, environmental controls, and integrated production systems. Its facilities and operating practices were frequently presented as examples of how the cement industry could combine industrial scale with improved energy and pollution performance. The company also expanded beyond its original Anhui base. It developed production capacity and commercial relationships in multiple Chinese provinces and regions, following infrastructure investment, urban construction, industrial development, and other sources of cement demand. Regional subsidiaries and plants allowed the group to coordinate production with local markets while maintaining common technical, procurement, quality, and management standards. The company’s product range expanded from conventional cement and clinker into higher-strength products, composite and blended cement, commercial concrete, aggregates, and related construction materials. Environmental and circular-economy initiatives became increasingly important to Conch’s development. Cement kilns can be used for waste co-processing, while waste-heat systems can recover energy from the production process. Conch and related group companies invested in waste-heat power generation, alternative fuels, pollution-control systems, renewable-energy projects, digital monitoring, and energy-management technologies. These initiatives addressed both regulatory requirements and the need to reduce the energy intensity and operating cost of cement production. Conch Cement also pursued international expansion. Its overseas activities developed through production projects, joint ventures, investment agreements, engineering cooperation, and regional supply networks. Southeast Asia became an important area of interest, while other projects and cooperation initiatives extended the group’s presence into additional developing markets. Overseas expansion reflected the company’s attempt to apply its operating model in markets with infrastructure needs, available mineral resources, and opportunities for long-term construction-materials demand. In the 2010s, the company continued to combine capacity expansion with selective investment and industrial consolidation. Conch’s development agenda included cooperation with local governments, acquisitions or project participation, new grinding and clinker facilities, and deeper engagement in commercial concrete and aggregates. The company’s scale made it an important participant in China’s efforts to improve industry concentration, reduce inefficient capacity, and promote more standardized production and environmental performance. The 2020s brought a more difficult operating environment. China’s property slowdown, weaker construction demand in some regions, energy-price volatility, environmental constraints, and changes in infrastructure investment affected the cement industry. Conch responded by emphasizing cost reduction, market coordination, production efficiency, asset utilization, digital transformation, and tighter control of capital expenditure. It also sought to diversify its development platform through new energy, environmental services, new materials, digital industries, and modern trade and services while preserving cement as the group’s industrial foundation. Recent initiatives have included photovoltaic installations at cement sites, smart-mining systems, industrial internet platforms, electric logistics, zero-carbon-factory planning, alternative-fuel use, and collaborations with technology and energy companies. In 2025, Conch Group signed a strategic cooperation agreement with CATL concerning electric logistics, energy-storage and renewable-energy applications, smart mines, and low-carbon industrial facilities. Conch operations also supplied specialized cement and aggregates for major infrastructure projects such as the Wuhu Longwan Yangtze River Tunnel. By 2026, the company remained an active, publicly traded cement producer controlled through the Anhui Conch group structure. Its central identity continued to rest on cement and clinker manufacturing, but its strategic direction increasingly connected the traditional business with low-carbon technology, renewable energy, industrial digitalization, concrete and aggregates, environmental protection, and overseas development. The company’s long-term challenge is to preserve the advantages of scale and integrated production while adapting to slower construction demand, stricter carbon requirements, and the changing composition of China’s building-materials market.

2026
Strategic cooperation agreement with China National Building Materials Group
[8]Conch Group and China National Building Materials Group Sign Strategic Cooperation Agreementconch.cn
Conch Group and China National Building Materials Group signed a strategic cooperation agreement covering areas connected with industrial transformation and building materials.
2025
Strategic cooperation with CATL
[5]Conch Group and CATL Sign Strategic Cooperation Agreementconch.cn
Conch and CATL agreed to explore cooperation on electric logistics, zero-carbon factories, integrated energy systems, and smart mines.
2025
Wuhu green and low-carbon project recognized nationally
[6]National Exemplar: Wuhu Conch’s Eco-Initiative Honored by Ministry of Ecologyconch.cn
Wuhu Conch’s pollution- and carbon-reduction program was selected as a national green and low-carbon model case.
2025
Conch supplies materials for Wuhu Longwan Yangtze River Tunnel
[7]Conch Cement Supplies Materials for Wuhu Longwan Yangtze River Tunnelconch.cn
Baimashan Cement Plant supplied specialized cement and aggregates for a major cross-river tunnel project in Wuhu.
2023
Management emphasizes green, digital, and international development
[10]Conch Group and Anhui Cement Industry Environmental and Digital Transformation Activitiesconch.cn
Company and group leadership identified carbon reduction, smart manufacturing, digital transformation, new-energy development, and internationalization as key strategic directions.
2022
Photovoltaic construction-materials project begins operation in Xuancheng
[13]Photovoltaic construction-materials project begins operation in Xuanchengconch.cn
A Conch-linked building-photovoltaics project in Xuancheng entered operation while a second phase was launched, supporting the group’s broader renewable-energy strategy.
2015
Acceleration of overseas cooperation and regional expansion
[9]Conch Cement’s International Cooperation and Overseas Developmentconch.cn
Conch announced or pursued cooperation and investment initiatives in Laos, Cambodia, Indonesia, Russia, and other overseas markets.
2007
Promotion of waste-heat recovery and circular production
[12]Promotion of waste-heat recovery and circular productionconch.cn
Company materials highlighted low-temperature waste-heat generation, waste incineration, sewage treatment, and recycling-related technologies as part of Conch’s industrial development.
2002
A shares listed in Shanghai
[1]Anhui Conch Cement - Wikipediaen.wikipedia.org
The company’s A shares were listed on the Shanghai Stock Exchange on February 7, 2002.
2000
Expansion of modern dry-process production
[11]Expansion of modern dry-process productionconch.cn
Conch continued developing large modern dry-process clinker and cement lines, reinforcing its scale-based and integrated manufacturing model.
1997
Company established and H shares listed in Hong Kong
[1]Anhui Conch Cement - Wikipediaen.wikipedia.org
Anhui Conch Cement was established and its H shares began trading on the Hong Kong Stock Exchange on October 21, 1997.

Products and positioning

Large-scale, cost-efficient, vertically integrated, infrastructure-oriented, and increasingly low-carbon

Cement
Portland cement
Conch’s Portland cement products are hydraulic binders manufactured by grinding clinker with gypsum and, depending on the specification, other supplementary materials. They are used in general construction, structural concrete, roads, bridges, foundations, industrial buildings, and civil infrastructure. Different strength grades and performance specifications allow the products to serve both ordinary construction and technically demanding engineering applications.
Cement
High-strength cement
High-strength cement is intended for applications requiring higher early or ultimate strength, improved durability, or more demanding structural performance. Typical uses include high-rise construction, bridge and tunnel segments, precast components, large infrastructure foundations, and other projects in which material strength and quality consistency are critical. Conch supplies different strength grades according to Chinese and project-specific standards.
Cement
Composite and blended cement
Composite and blended cements incorporate supplementary cementitious materials or mineral components to adjust performance, reduce clinker intensity, and improve resource efficiency. Depending on formulation, these products can support workability, durability, heat-control, and cost objectives. They are used in housing, municipal construction, infrastructure, commercial concrete, and other projects where performance requirements and environmental considerations must be balanced.
Specialty cement
Sulfate-resistant cement
Sulfate-resistant cement is formulated for environments in which concrete may be exposed to sulfate-bearing soil, groundwater, wastewater, or other aggressive chemical conditions. It is suitable for selected foundations, water-management structures, marine or underground applications, and infrastructure projects requiring enhanced durability. The product extends Conch’s portfolio beyond general-purpose cement and supports specialized engineering requirements.
Intermediate building material
Cement clinker
Cement clinker is the intermediate product formed by heating prepared raw materials in a rotary kiln. Conch manufactures and sells clinker both for internal grinding and for external customers, making it an important part of the company’s integrated production and regional-supply model. Clinker shipments allow the company to balance kiln capacity, grinding capacity, market demand, and logistics across different locations.
Concrete
Commercial concrete
Commercial concrete is ready-mixed concrete produced for delivery to construction sites and infrastructure projects. Conch’s participation in this segment extends its role further down the building-materials value chain, connecting cement production with aggregates, mix design, quality control, dispatch, and project support. Commercial concrete can be tailored to strength, workability, setting time, durability, and project-specific engineering requirements.
Aggregates
Aggregates and manufactured sand
Aggregates, including crushed stone, gravel, and manufactured sand, are essential inputs for concrete, road construction, foundations, and civil-engineering works. Conch’s aggregates activities provide a complementary business to cement and commercial concrete by supplying mineral materials from quarrying and processing operations. Integration with cement and concrete operations can improve logistics coordination and allow the company to participate more fully in project supply chains.

Controversies

2022
Source 1 Source 2 Source 3
2007
Source

2025Conch–CATL low-carbon industrial cooperation
China · Selected overseas markets
Conch and CATL agreed to explore electric logistics, integrated energy systems, smart mines, battery-related applications, and zero-carbon factories.
Outcome. The agreement created a framework for applying advanced battery and energy technologies to cement production, logistics, and mining operations.
Source
2025Wuhu pollution- and carbon-reduction initiative
China
Wuhu Conch combined ultra-low-emission upgrades, energy optimization, alternative fuels, waste co-processing, and solar generation in a coordinated environmental-management program.
Outcome. The initiative was selected as a national green and low-carbon model case in 2025.
Source
2025Smart manufacturing and intelligent mining
China
Conch expanded industrial internet connectivity, equipment monitoring, artificial-intelligence applications, autonomous mining transport, and robotics for hazardous kiln-maintenance work.
Outcome. The campaign supported greater automation, operating visibility, safety, and labor substitution in high-risk industrial environments.
Source
2022Building-integrated photovoltaics and renewable-energy development
China
Conch-linked projects expanded photovoltaic generation associated with industrial and building-materials facilities, including a project in Xuancheng and later distributed solar projects at cement operations.
Outcome. The program strengthened the group’s renewable-energy platform and supported lower-carbon operation of industrial sites.
Source
2015Overseas Belt and Road expansion
Laos · Cambodia · Indonesia · Russia · Southeast Asia
Conch pursued overseas production and cooperation projects in markets including Laos, Cambodia, Indonesia, and Russia, linking cement expansion with infrastructure demand and regional industrial cooperation.
Outcome. The campaign broadened Conch’s international project pipeline and supported the development of selected overseas cement operations.
Source
2007Circular-economy and waste-heat-recovery program
China
Conch promoted waste-heat generation, waste co-processing, sewage treatment, and related circular-economy technologies as part of its effort to make cement production more resource-efficient and environmentally controlled.
Outcome. The initiatives helped establish green manufacturing and energy recovery as recurring elements of the group’s industrial strategy.
Source

Brand decisions

2026
Deepen cooperation with China National Building Materials GroupStrategy
Background
Large Chinese building-materials groups faced common challenges involving industrial restructuring, low-carbon development, technology, and market demand.
Action taken
Conch Group and China National Building Materials Group signed a strategic cooperation agreement covering areas associated with building materials and industrial transformation.
Aftermath
The agreement created a platform for further cooperation, while detailed projects and financial terms were not disclosed in the source.
Source
2025
Partner with CATL on low-carbon industrial applicationsStrategy
Background
Cement manufacturing and quarry logistics require substantial energy and transport resources, creating opportunities for electrification, storage, and integrated renewable power.
Action taken
Conch and CATL signed a strategic cooperation agreement covering electric logistics, smart mines, zero-carbon factories, and integrated energy systems.
Aftermath
The agreement strengthened Conch’s decarbonization and intelligent-manufacturing roadmap, although specific commercial project results were not detailed in the source.
Source
2025
Increase emphasis on green production and carbon reductionStrategy
Background
Stricter emissions requirements and China’s dual-carbon policy increased the importance of energy efficiency, alternative fuels, renewable power, and pollution control.
Action taken
Wuhu Conch combined ultra-low-emission retrofits, artificial-intelligence energy optimization, alternative-fuel substitution, waste co-processing, and solar generation.
Aftermath
The initiative received national recognition as a 2025 green and low-carbon model case.
Source
2022
Broaden the group beyond cement through a one-foundation, five-industries modelStrategy
Background
The company and its parent group faced the need to reduce dependence on traditional cement growth while responding to carbon, technology, and industrial-transformation priorities.
Action taken
Conch positioned cement as its foundation while developing new energy, new materials, environmental protection, digital industries, and modern services and trade.
Aftermath
The strategy created a broader platform for renewable energy, industrial digitalization, environmental services, and adjacent building-materials businesses.
Source
2015
Pursue overseas projects and selected acquisitionsM&A
Background
Conch sought to diversify geographically and participate in construction-materials demand outside mainland China.
Action taken
The company pursued project cooperation, production-line investments, and overseas expansion initiatives in Southeast Asia and other markets. Public reference material also records the acquisition of Jiangxi Shengta Group in 2015.
Aftermath
The initiatives expanded Conch’s international footprint and increased its exposure to overseas construction cycles and operating environments.
Source
2007
Invest in resource-saving and environmental technologiesStrategy
Background
Cement production generated pressure to reduce energy use, emissions, and waste while maintaining high-volume output.
Action taken
Conch emphasized waste-heat recovery, waste burning, sewage treatment, and circular-economy technologies.
Aftermath
Environmental management and energy recovery became recurring components of Conch’s manufacturing model and public positioning.
Source
2002
Add a mainland A-share listingStrategy
Background
After establishing an international listing, Conch Cement pursued access to China’s domestic equity market.
Action taken
The company listed its A shares on the Shanghai Stock Exchange in February 2002.
Aftermath
The dual-listed structure broadened financing and investor access while supporting the company’s expansion in mainland China.
Source
1997
Create a publicly listed cement platformStrategy
Background
Anhui Conch Group sought to develop a dedicated listed vehicle for its cement and clinker operations during a period of rapid industrial and infrastructure expansion in China.
Action taken
Anhui Conch Cement was established and listed its H shares in Hong Kong in October 1997.
Aftermath
The listing provided a foundation for subsequent capacity expansion, capital investment, and regional growth.
Source

Recent events

2026
Conch Cement and China National Building Materials Group sign strategic cooperation agreement[8]Conch Group and China National Building Materials Group Sign Strategic Cooperation Agreementconch.cn
Other
The two state-linked building-materials groups agreed to cooperate while Conch pursued a strategy centered on cement and expansion into new energy, new materials, environmental protection, digital industries, and modern services.
2026
Conch Cement leadership discusses regional growth in northern Anhui[19]海螺水泥管理层赴皖北调研区域发展conch.cn
Leadership change
Chairman Yang Jun and senior managers visited regional operations and reviewed production, market expansion, cost control, safety, environmental management, and cooperation among cement, concrete, dry-mix mortar, and other building-materials businesses.
2025
Conch Cement holds its 2024 annual results presentation[3]Conch Cement Holds 2024 Annual Results Presentationconch.cn
Other
The company presented its 2024 operating results and discussed industry conditions, cost optimization, digital transformation, green manufacturing, ESG implementation, international expansion, and shareholder-value initiatives with investors and analysts in Hong Kong.
2025
Conch Cement’s brand value rises in the 2025 China 500 Most Valuable Brands ranking[4]Brand Value of Conch Cement Exceeds RMB 102.1 Billionconch.cn
Other
Conch Cement was reported as ranking 124th in the 2025 China 500 Most Valuable Brands list, reflecting the continuing strength of its corporate brand in China’s industrial and construction-materials market.
2025
Conch Cement signs strategic cooperation agreement with CATL[5]Conch Group and CATL Sign Strategic Cooperation Agreementconch.cn
Other
Conch Group and CATL agreed to explore cooperation involving electric logistics, integrated renewable-energy systems, zero-carbon factories, smart mines, battery technology, and industrial application scenarios.
2025
Conch Cement participates in the 2025 RCEP local-government cooperation forum[20]海螺水泥参加2025年RCEP地方政府合作论坛conch.cn
Other
The company participated in a regional cooperation forum associated with the Regional Comprehensive Economic Partnership, highlighting the group’s international business links and overseas development interests.
2025
Wuhu Conch low-carbon initiative selected as a national green model case[6]National Exemplar: Wuhu Conch’s Eco-Initiative Honored by Ministry of Ecologyconch.cn
Other · Campaign
Wuhu Conch’s pollution- and carbon-reduction program was selected among national green and low-carbon model cases. The program combined ultra-low-emission retrofits, energy optimization, alternative fuels, waste co-processing, and solar power.
2025
Conch Cement supports the opening of the Wuhu Longwan Yangtze River Tunnel[7]Conch Cement Supplies Materials for Wuhu Longwan Yangtze River Tunnelconch.cn
Other · Product launch
Baimashan Cement Plant supplied specialized cement and aggregates for the Wuhu Longwan Yangtze River Tunnel, an urban expressway tunnel project in Anhui.
2025
Conch Cement advances solar generation at Mengcheng[21]海螺水泥推进蒙城光伏发电conch.cn
Other
Mengcheng Conch began operating a distributed photovoltaic project connected with its cement-grinding and aggregates operations, extending the group’s use of renewable energy at industrial sites.
2025
Conch Group and Tongling University sign cooperation agreement[22]海螺集团与铜陵学院签署合作协议conch.cn
Other
The cooperation agreement focused on industry-education links, talent development, applied research, and support for the group’s innovation and industrial transformation agenda.

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