China National Building Material Plans Northeast Expansion

China National Building Material Plans Northeast Expansion
Published: 23 April 2009

China National Building Material forecasts its new cement joint venture with Hony Capital in Northeast China to produce 10Mt of cement in 2009. The joint venture is the first step China National Building Material made to open up the Northeast China market, and is an attempt to lower its capital costs. Since the joint venture is a green-field project for the company, it expects cement production and sales to go up gradually, from 10Mt to 30-50Mts in the end.