Anhui Conch Cement expands in northwest China by alliance

Anhui Conch Cement expands in northwest China by alliance
Published: 31 July 2007

Anhui Conch Cement Company Limited will ally with a cement company in China’s northwestern province of Gansu to expand the regional market.  
 
Anhui Conch Cement will subscribe at least 50 million new A shares of  Gansu Qilianshan Cement Co., Ltd. for RMB160 million as a strategic investor.  
 
Gansu Qilianshan has a well-established network and market resources in Northwest China. Anhui Conch Cement aims to work with Gansu Qilianshan to consolidate the cement markets in the provinces and autonomous region of Gansu, Qinghai and Tibet.