Goldsun Development to build CNY1B China plant

Goldsun Development to build CNY1B China plant
Published: 07 September 2009

Goldsun Development & Construction Corp plans to spend CNY1bn to build a cement plant in China’s Hunan province, the Economic Daily News reported Monday, citing company Chairman Charles Chen.

The plant will be operational by the first quarter of 2011 and have a production capacity of 2Mta, the newspaper said, without citing sources.

The report said Goldsun plans to raise the plant’s production capacity by another 2Mt, but didn’t provide a time frame.