Anhui Conch Cement Company Limited will focus on investments in western China in the next five years.
The provinces and cities of Sichuan, Chongqing and Guizhou will be the main investment hot spots. To stay apace with the redevelopment in Sichuan Province, the cement maker will also invest CNY4 to 5bn in building one cement plant in Guangyuan City and two cement plants in Dazhou City. In 2008, Anhui Conch Cement will develop eight clinker lines with a daily output of 5000t each, one clinker production line with daily output of 2,500t and 20 sets of cement milling systems.
The new production lines will boost clinker and cement output capacity by 14Mt and 15Mt respectively. Estimated cement turnover in 2008 will also rise by 46% on year to over 100Mt. The company recently issued 200m A shares to raise CNY11.5 bn.
Together with existing capital, the company has sufficient money to carry out its future plans.