天津地区水泥市场研究报告.ppt

I:\active\RGL7\Working\DK\RGL7_3IP_Final with TJv1.ppt 天津地区水泥市场研究报告 Appendix We have looked at concrete demand by examining historical demand and drivers, future demand forecast, as well as the factors that will influence demand The result has been a dramatic expansion in the Tianjin concrete market, with civil projects as the primary driver Tianjin undertook a large number of ambitious infrastructure projects during this period Residential and commercial floor space completed also expanded at a fast pace To project baseline concrete demand in Tianjin, we have examined the relationship between cement usage and fixed asset investment We then projected Tianjin FAI spending to 2010 Based on assumptions for FAI and cement demand, Tianjin’s concrete* consumption is projected to grow at a somewhat slower 12% p.a. and to reach 29 million cubic meters by 2010 Civil will remain the primary driver The budget for major infrastructure projects and their estimated concrete volumes further indicate a robust build-out in the civil segment A wide range of forthcoming infrastructure projects will keep concrete demand in the civil segment strong It is likely that the real estate market in Tianjin will continue its rapid development during the 11th five-year period (2006-2010) Various factors influencing the real estate industry in Tianjin will lead the market continue to grow government’s focus on the Bohai Rim Region (including Tianjin) will stimulate more investments for developement in the region including real estate urbanization rate reached 70% and is expected to increase, which represents a additional demand for housing It is estimated that the hot zones for residential are moving outside the city center toward the suburbs and counties while development of commercial and other nonresidential projects will mainly concentrate in the upriver area of Haihe “… The new available land in the city center is quite limited. The government is promoting the concept of “ large n