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Leaders of CNBM Group Meets with the State Minister of Congo
Data source: Dept. of International Cooperation
Released on: October 31th, 2011
On Oct. 27 and 28, the “2011 Fortune CEO Summit Forum”, hosted by FORTUNE Chinaand Pan-Pacific Management Institute, was held in Beijing, the subject of which is “World’s new pattern-China’s new role”.
In the opening ceremony, Thomas Gorman, President of FORTUNE China, delivered a welcome speech, expressing that the fortune CEO summit aims to providing a high-level dialogue platform to discuss issues Chinese business leaders care about. This summit happened to coincide with the 15th anniversary of the founding of FORTUNE China. The world has experienced huge changes during the last 15 years, while the changes in China are greater by comparison. Various economic indicators have reflected China’s growth and development, one of these indicators is the number of Chinese companies in the Fortune Global 500, which reached 61 in the list of FORTUNE China, an extraordinary growth story.
Song Zhiping made a one-to-one keynote speech in the convention, elaborating that the development history of CNBM Group during the last decade, growing from a small company with around RMB2 billion sales revenue to a global 500, had a lot to do with China’s rapid developing economic environment. Meanwhile, he analyzed the important reasons of why CNBM Group has grown from a minor enterprise to a large enterprise. Firstly, formulate clear strategies and objectives. As a state-owned company, CNBM Group, originally engaged in the building material industry such as the regression of new building materials to cement, determined clear development goals, and then tried hard to achieve the goals from every aspect as resource, technology and human resource where there was any shortage. Secondly, grasp the opportunity. Even though CNBM industry has made tremendous contribution to the economic construction, prominent problems still existe in this big but weak industry, such as excess production capacity, low concentration ratio and fierce competition. CNBM Group has grasped the opportunity of structural adjustment of building material industry to vigorously promote the reorganization, structural adjustment and energy saving and emission reduction of cement industry, leading a healthy development way of the industry. Thirdly, seek a growth model which fits the enterprise characteristics. The Chinese building material took a way of “capital operation, reorganization, management integration, integrated innovation”, attracting large scale of social capital with a certain capital to develop, resolving the expansion problem of enterprise scale by reorganization, improving enterprise profitability by management integration, and upgrading the core competence of the enterprise by integrated innovation.
President Song Zhiping’s speech has been highly praised by the guests and medium participating in the convention, it is considered that CNBM Group and Sinopharm have provided referable good experience for other companies and it is hoped that further information of these two companies can be obtained in the future.
