Fujian Cement (600802) plans to build a construction material industrial park in Putian city at a total cost of 700 million yuan, reports the Shanghai Securities News, citing a company filing.
Construction will be carried out in two phases, the first phase beginning this year and wrapping up in 2013. It will cost 350 million yuan and consists of two powder processing facilities with capacity of 1.5 million tons and two facilities that can produce 1.2 million meters of PHC.
The second phase is scheduled to be operational two years after the completion of the first phase. It consists of a PHC project with a capacity of 1.2 million meters annually, as well as a facility to produce 1.5 million tons of powder.
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