China Shuangi Zhaoyuan project update

China Shuangi Zhaoyuan project update
Published: 14 September 2010

China Shuangi Cement Ltd announced today that most of the equipment it had ordered to complete the installation of a new cement production facility in its plant at Zhaoyuan has been delivered and installed successfully.

Earlier the company had announced that it had received a US$3.7m loan to be used to complete its new modern cement facility in Zhaoyuan city, China.

Chairman of China Shuangi, Mr Wenji Song said. “We are already seeing increased interest from local contractors to buy our cement and have received a 10 year US$3.7m 10% interest loan that will allow us to complete our new modern cement facility in Zhaoyuan City, which is expected to increase our production capacity by 1Mt to an estimated 2.5Mta. This will solidify our position as a major cement player in fast growing Shandong and Hainan Provinces.”