Sinoma to invest CNY1bn in two cement production lines

Sinoma to invest CNY1bn in two cement production lines
Published: 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.