Shaanxi QinLing Cement (Group) Co Ltd plans to spend CNY493.83m (US$74m) to build a 4500tpd cement works after decommissioning five old lines.
The new plant project has been approved by the National Development and Reform Commission of Shaanxi Province and will be completed in 16 months. Its estimated sales revenue and gross profits will reach CNY320.85m and CNY123.52m, respectively.
In addition, the company will spend CNY331.06m on technical upgrading of three cement lines, adding in effect 0.45Mta of clinker capacity and 3.63Mt of cement capacity.
Source : China Knowledge