HK-listed Luks to buy cement production equipment for US$25.56m

HK-listed Luks to buy cement production equipment for US$25.56m
Published: 09 February 2007

Luks Industrial (Group) Ltd said it will purchase cement production equipment from China National Aero-Technology for US$25.56m. The equipment includes facilities for a 3000tpd clinkers production line (for semi-finished cement), and a 1.5Mta cement grinding mill, which will both be installed in Vietnam, the company said.

The company operates a cement plant in Vietnam. Installation of the facilities for cement production is expected to be completed by the second quarter of 2008, it said.

The company said its cement business is projected to maintain its growth pace in the foreseeable future and the purchase of the equipment will enable it to increase its capacity and enhance the group’s earnings base.

Cement output is expected to 2.8Mt from the current 1.5Mta after the installation of the new facilities, it added.