Sino Cement, Inc., announced that effective on February 21, the Company completed its acquisition of Shaanxi Shehui Cement Co.
According to a release, also, on February 21, the Company appointed Shehui Shi, Lei Shi, John Chen and Keith Zhen to its Board of Directors. In addition, its board of directors appointed Shehui Shi to serve as its CEO, and Lei Shi to serve as its President and Qingyan Wang as its CFO.
Shehui Cement was incorporated in the People’s Republic of China on January 17, 2001 and is principally engaged in the manufacture and supply of cemen and clinker, with a dominant market presence in Shaanxi Province, China. The company’s cement is sold under the trademark "Shehui". The company currently has two cement lines located in Shaanxi province, with a capacity of 1.6Mta.