SOURCE: China Shuangji Cement, Ltd.

China Shuangji Cement, Ltd.

March 04, 2010 09:25 ET

China Shuangji Cement, Ltd. Anticipates Growth in Chinese Cement Market

Demand for Cement Forecasted to Rise by Almost 12% in 2010

ZHAOYUAN CITY, CHINA--(Marketwire - March 4, 2010) -  China Shuangji Cement, Ltd. (OTCBB: CSGJ) ("China Shuangji" or the "Company"), a leading producer of high-quality Portland cement in Shandong and Hainan Provinces, PRC today announced today that it is anticipating strong demand in 2010 and beyond for high-grade bulk cement.

A recent bi-weekly report from China Jianyin Investment Securities reported that fixed-asset investment in the cement sector rose 32% to RMB 16.64 billion ($2.4 billion) in November. The report further stated that in the first 11 months of 2009, China's fixed-asset investment in the cement industry amounted to RMB 150.56 billion ($22.1 billion), up 59.8% from the same period of last year.

Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd., commented, "Analysts are estimating that China's overall demand for cement in 2010 will rise by almost 12%, about 188 million tons from 2009 levels. The increase will be perhaps 7 to 8 percentage points lower than it was in 2009, but still very healthy. Also, the increases could be even higher for Shandong and Hainan Provinces, which are where most of our production is sold."

China's urban fixed-asset investment rose 33.1 percent in the first 10 months of 2009, to 15.07 trillion yuan ($2.21 trillion), compared with the same period a year earlier, the National Bureau of Statistics (NBS) announced Wednesday.

"Although the recession has raised caution levels, we still see increasing investment by the Chinese government," stated Mr. Jun Song, CEO of China Shuangji Cement, Ltd. "Our long-term growth plan anticipates continuing demand, which we feel is supported by the statistics being reported by the NBS and independent analysts watching the cement and construction industries." Mr. Song added, "The Chinese government has outlined its growth plans for the cement industry and has provided us the opportunity to participate as a major player in Shandong and Hainan Provinces. We plan to maximize this chance and position our Company appropriately."

About China Shuangji Cement, Ltd.
China Shuangji Cement, Ltd. (OTCBB: CSGJ), through its affiliates and controlled entities, is a leading producer of high-quality Portland cement in Shandong and Hainan Provinces. Its processed cement products are primarily purchased by contractors for the construction of buildings, roads, and other infrastructure projects. The Company currently produces approximately 1,500,000 tons of Portland cement annually from two facilities in Hainan and one facility in Shandong, and it expects its output will increase by 1,000,000 tons to a total of 2,500,000 tons when the new Zhaoyuan (Shandong) plant and upgrades are completed. Once the new Zhaoyuan plant is operational, the company will have a total of four plants. http://www.shuangjicement.com

Safe Harbor Statement
The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. In addition, please refer to the Risk Factor section of our 2008 Form 10-K filed with the Securities and Exchange Commission on May 13, 2009 and detailed in other reports filed with the Securities and Exchange Commission from time to time.

Contact Information