Anhui Conch Cement (600585, 0914.HK) plans to purchase an 80 percent stake in Guangxi Sihe Industry and Trade and stakes in several subsidiaries of Shaanxi Zhongxi Cement Group for a total of 600 million yuan, reports yicai.com, citing a company filing.
Sihe Industry owns a new dry-process cement clinker production line with capacity of 4,000 tons per day, a cement grinding system with capacity of 2.4 million tons per year, and 9MW of waste heat power generation units.
Zhongxi Cement’s subsidiaries possess clinker capacity of 7.2 million tons per year, and cement production capacity of nine million tons per year.
No comments:
Post a Comment