Xinjiang Tianshan Cement and its subsidiaries plan to build 8 cement production lines with a total annual capacity of 13.01 million tonnes of cement throughout Xinjiang province. The total investment of the 8 production lines is expected to reach CNY 4.521 billion.
According to the Xinjiang Tianshan Cement, constructing additional production lines will help the company expand its market share, lower cost and improve economies of scale.
China Merchants Securities predicts that the earnings per share of Xinjiang Tianshan Cement will reach CNY 1.16, CNY 1.74 and CNY 2.15 in 2010, 2011 and 2012 respectively.
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