Chia Hsin Cement Greater China Holding Corporation (CHC) has announced that its two new cement silos in Zhenjiang City, Jiangsu Province, the PRC were completed in late May, and will be put into use on 15 June, each offering a storage capacity of 15,000t. The construction of the two new facilities commenced in October 2005, with the actual investment close to the planned investment of US$4.4m.
“The two new cement silos represent an important investment decision made in 2005, when the Group faced a cyclical downturn in the cement industry, and determined to enhance its competitiveness through strengthening its edge in distribution, improving distribution efficiency and increasing production capacity,” said Mr. Chang Kang Lung, Jason, Chief Executive Officer of CHC Greater China.
“These two new facilities not only allow the Group to capture the upcoming industry opportunities, but also lay a strategic foundation for us to expand our scale of development. With the completion of the two cement silos, the Group now operates a total of six cement silos that provide a combined capacity of 90,000t. The enhanced storage capacity, coupled with our increased production capabilities, will enable the Group to prepare to expand into market with great flexibility and further develop its export and domestic sales businesses in tandem, so as to increase the market share. In addition, the new cement silos will provide more room for the Group to increase its product variety, so as to address the diversified demand in the cement market,” continued Mr. Chang.