Anhui Zhenzhu Group has formally signed an agreement with the Suzhou Municipal Government on the Caocun cement production project.
The project includes two cement production lines with daily production capacity of 4500t of cement. Of the total RMB700m in investment, the first production line will use RMB400m and is expected to start construction in October.
The construction is scheduled to last 18 months. Once the project is completed, it will have annual production capacity of 1.5Mt of high-quality cement clinker, will realise RMB500m in output value and RMB80m in pretax profits.