{{Short description|Chinese cement company}} {{infobox company |name = Tangshan Jidong Cement Co., Ltd. |logo = |type = |foundation = 1994 |location = [[Tangshan]], [[Hebei]] |industry = [[Cement]] |products = Cement |key_people = Yu Jiuzhou <small>(General Manager)</small> |revenue = US$ 2.36 billion <small>(2012)</small> |net_income = |parent = Jidong Development Group |num_employees = 9,000 |homepage = [http://en.jdsn.com.cn/ jdsn.com.cn] }}
'''Tangshan Jidong Cement Co., Ltd.''' {{Szse|000401}} is a [[People's Republic of China|Chinese]] [[cement industry in the People's Republic of China|cement manufacturing]] company, ranked the 6th largest manufacturer of cement in the world by Global Cement Magazine based on 2011 data.<ref>Lechtenberg, M. Global Cement Directory 2013. [http://www.globalcement.com/magazine/articles/741-top-20-global-cement-companies PRo Publications]. Epsom, UK, 2013.</ref> The cement maker is part of the Jidong Development Group, a holding company with interests in machinery, real estate, and production of other construction materials.<ref>{{cite web|title=Group Introduction |url=http://en.jidd.com.cn/News/NewsDetails.aspx?newsid=7 |publisher=Jidong Development |url-status=dead |archiveurl=https://web.archive.org/web/20131217221616/http://en.jidd.com.cn/News/NewsDetails.aspx?newsid=7 |archivedate=2013-12-17 }}</ref>
Jidong expanded outside of China for the first time in 2010 when it entered into a deal to build a new cement plant in [[Limpopo]], [[South Africa]]. The US$221 million investment was funded by a consortium that included the [[China Africa Development Fund]], Chinese commercial banks, and [[Nedbank]], along with equity stakes by Continental Cement and Women Investment Portfolio Holdings.<ref name=limpopodeal>{{cite news|title=China seals cement deal with S Africa|url=https://www.ft.com/content/0dbb3886-5ea7-11df-af86-00144feab49a|newspaper=The Financial Times|date=May 13, 2010}}</ref> In an interview with ''The Financial Times'', Chen Ying, an executive of Jidong Development Group, explained that the investment was driven by his belief that Africa would progress and grow as fast as China.<ref name=limpopodeal /> Before the investment, in 2007 Jidong and Women Investment Portfolio Holdings, a black women empowerment themed fund, had already partnered up to deliver Dunshi branded cement in South Africa. The new plant was enthusiastically welcomed by South African publication ''Moneyweb'' which predicted the new facility would "shake [the] industry to its foundations" because it would shatter the "old cement cartel".<ref>{{cite news|last=Carte|first=David|title=Chinese arrive with intent in cement|url=http://www.moneyweb.co.za/moneyweb-industrials/chinese-arrive-with-intent-in-cement|newspaper=Moneyweb|date=13 May 2010}}</ref>
==References== {{reflist}}
{{Construction and civil engineering companies of China}}
[[Category:Cement companies of China]] [[Category:Companies based in Hebei]] [[Category:Chinese companies established in 1994]] [[Category:Chinese brands]]