Saima Industry puts 2Mta into operation, China

Saima Industry puts 2Mta into operation, China
Published: 10 November 2010

Ningxia Saima Industry has put its 2Mt dry-process production line in Baiyin city, Gansu province, into operation on November 9, reports yicai.com, citing a company filing.

The production line costs CNY600m, an amount invested by its parent company, China National Materials Group (Sinoma).

Sinoma plans to invest over CNY5bn in Gansu province by 2013.

Its revenue and pre-tax profits grew 46 per cent and 73 per cent YoY in the first three quarters, according to Sinoma’s filing on November 5.