Merrill Lynch to invest US$50m in cement plant in epicentre

Merrill Lynch to invest US$50m in cement plant in epicentre
Published: 05 June 2008

Merrill Lynch has agreed to spend US$50m for 46 per cent stakes in Wenchuan’s Zi Ping Cement Factory, according to sources. Ziping Cement Factory is the biggest cement producer in Wenchuan, the epicentre of the May 12 massive earthquake, and aims to restore its production in October.