GROWTH
AGENDA
Growth story in China
“Robust economic growth in China that led to the new record of GDP growth by 10.7% in year 2006, the fastest in 11 years. The economy will continue to spur by around 10% in year 2007”
(Source: China Daily)
Dimension stones industry in China
Demand for premium quality imported marble blocks grew by more than Double of local supplies during the past 6 years.US$25bil has been allocated by the Chinese government on stone products.
For the 2001-2010 period, China is committed to develop 5 billion sq.m of housing projects and 1 billion sq.m of commercial buildings.
Strong and sustainable demands ahead of Beijing Olympics 2008 and Shanghai World Expo 2010 events.
(Source: Infocredit D&B 2006: Asian Development Outlook 2005-PRC)
New Growth Areas
1) Eyeing on upstream activities
Acquired 2 quarries in the Middle East.
2) Geographical expansion in China
The current operations supply and distribute to surrounding cities such as Shanghai, Jiangsu, Zhen Jiang, Yang Zhou and Nanjing.
Sales & marketing network being widened to other urban developed cities, such as Beijing, Xiamen, Qing Dao and Cheng Du to tap the urbanization process in China.
The Chinese government's commitment to develop other new cities underpinned by strong economic growth, rapid development of industries, as well as population growth.
The affluent society in China will augur well for the sustainable demand for high quality imported marble and granite in the medium to long term.
3) Penetration into New Markets
Penetrating new markets in the Middle East and North African markets.
Demand for high-end marble and granite always outweigh supplies.
A new but experienced marketing team established to promote and drive the sales of high-end marble and granite products in the Middle East.
Widen the marketing networks in China, Europe and the Middle East to tap on the increasing demand for high-end marble and granite products.
