Concrete Video: Insolvent! A concrete company in Beijing declared bankruptcy

2026-02-25 14:04:28

The First Intermediate People's Court of Beijing declared the bankruptcy of Beijing Xinyuan Concrete Company on January 27, 2026.

Recently, the First Intermediate People's Court of Beijing announced that Beijing Xinyuan Concrete Company could not pay off its debts due, and its assets were insufficient to pay off all its debts. At the same time, there was no reorganization or reconciliation, and it had the legal conditions to declare bankruptcy. The company was declared bankrupt on January 27, 2026. 

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The First Intermediate People's Court of Beijing declared the bankruptcy of Beijing Xinyuan Concrete Company on January 27, 2026.

2026-02-25 14:04:28

In the short term, the high cost of raw materials and fuels is still the main support for the upward price, and the better weather is also conducive to the moderate recovery of demand; however, this round is mostly the second round of pushing up within a month, and the actual transaction of the last round of small factories in Jiangsu is only 10-20 yuan/ton, and the increase of cooling and rainfall in the latter half of the year and the recovery of demand are still limited, so the landing range is likely to be discounted.