China Resources boosts presence in southeastern China

China Resources boosts presence in southeastern China
Published: 16 April 2010

China Resources Cement Holdings said on Thursday it has agreed to buy a cement production plant and a  grinding unit in southeastern China for CNY830m (US$122m) to boost its presence in the region.

The cement group will buy a cement plant in Longyan City, Fujian province, from San Teh (China), a unit of building materials maker San The. The facility has two clinker production lines with an output capacity of 1.4Mta and three cement grinding lines with a capacity of 2.4Mt.

The company has also entered into an agreement for the acquisition of cement producer San Teh (Quanzhou) to get hold of its main asset – a cement grinding line with a production capacity of 600,000tpa.