en.Wedoany.com Reported - Wedoany.com, June 3 - Located in Nanxiang Town, Hengzhou City, Nanning, Guangxi Zhuang Autonomous Region, China, the granite aggregate base of Nanning Kaixin New Materials Co., Ltd. (referred to as Nanning Kaixin) is building a full industry chain of "mine—belt corridor—wharf—river-sea intermodal transport" relying on the Pinglu Canal, which will be fully opened to navigation in September 2026. This will enable Nanning building materials to be sold to the Guangdong-Hong Kong-Macao Greater Bay Area and ASEAN markets via the canal, with logistics costs to ASEAN directions reduced by over 50% compared to road-water intermodal transport. Nanning Kaixin is a state-owned joint venture established through central-local cooperation, with Nanning Mining Group Co., Ltd. and China Resources Building Materials Technology Co., Ltd. (China Resources Building Materials Technology Holdings Ltd., stock code 1313.HK) each holding a 50% stake.
Nanning Kaixin won the mining rights for the project in December 2020 with a bid of 761 million yuan. The total planned investment for the project is approximately 1.8 billion yuan. The mine has granite ore reserves of about 143 million tons, with an annual output of high-quality sand and gravel aggregates of approximately 10 million tons (equivalent to 3.7 million cubic meters). The project is equipped with comprehensive logistics facilities, including four 5,000-ton-class berths and a closed long-belt conveyor corridor spanning about 9 kilometers. The process from ore extraction, crushing, and processing to loading is largely automated and enclosed. As a key port-side industrial project along the Pinglu Canal, Nanning Kaixin's products primarily supply the Guangdong-Hong Kong-Macao Greater Bay Area market. Ling Guixiong, General Manager of Nanning Kaixin, stated that the company has engaged in discussions with customers from Vietnam, Singapore, and other countries, leveraging the Pinglu Canal's river-sea intermodal channel to further expand into the ASEAN market.
China Resources Building Materials Technology is a Hong Kong-listed company under the central state-owned enterprise China Resources Group. It ranks fifth in the 2025 "Comprehensive Strength Ranking of China's Listed Cement Companies" by the China Cement Association, with an annual aggregate production capacity of approximately 148 million tons as of June 2025. The Pinglu Canal is a backbone project of the Western Land-Sea Corridor, stretching 134.2 kilometers. It starts from Pingtang River Estuary in Hengzhou City in the north, passes through Luwu Town in Lingshan County, and enters the Beibu Gulf along the Qinjiang River. It is navigable for 5,000-ton-class vessels. After its opening in September 2026, the canal will shorten the inland waterway distance for goods from Southwest China to the sea by over 560 kilometers. Leveraging the logistics cost advantages of the waterway channel and lower production costs, Nanning Kaixin has built a differentiated competitive edge in the South China sand and gravel market. The average price of sand and gravel in Guangxi is currently around 65 yuan per ton, and Nanning Kaixin's daily aggregate output can reach 20,000 tons. The Nanning municipal government has planned port-side industries around the Pinglu Canal, adding 11 new 1,000-ton-class berths at Nanning Port, with an additional annual throughput capacity of 11.79 million tons.
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