Sinoma to invest CNY1bn in two cement production lines

Sinoma to invest CNY1bn in two cement production lines
16 April 2008


China National Materials Co Ltd said its unit, Sinoma Cement Co Ltd, plans to build two cement production lines in the eastern province of Jiangxi for a total cost of CNY1bn. The mainland-based construction materials supplier said Sinoma Cement will set up a joint venture with Jiangxi Zhengda Cement Co Ltd to pursue the project. The two cement production lines will have a daily production capacity of approximately 4,500t each. Sinoma did not indicate Sinoma Cement’s stakeholding in the project. Published under Cement News