Italcementi acquires Shaanxi Fuping Cement

Italcementi acquires Shaanxi Fuping Cement
Published: 01 January 2007


Italcementi Group and Guangyu Group singed a cooperation memorandum on December 23rd in Hong Kong for the acquisition of 100% equity in Guangyu Group’s Shaanxi Fuping Cement for US$33m. Shaanxi Fuping Cement currently has a new 5000tpd dry-process clinker line that was made operational in June 2006.