Gansu Qilianshan Cement Co, Ltd has bought Shoulushan Cement Co, Ltd, the biggest cement producer in Baiyin City of the northwestern Chinese province of Gansu. The two parties entered into an agreement on April 9, and they have come into the substantial phase of integration.
Shanghai-listed Qilianshan Cement has 13 controlling subsidiaries and 396 million capital stock. Its total assets and annual sales shot to CNY 2.1 billion and CNY 900 million respectively. In the wake of mass expansion and reshuffle, the leading cement producer of Gansu has developed three production bases in Yongdeng, Tianshui and Pingliang with an annual production capacity of 5Mta.
Established in 1970, Gansu Shoulushan Cement Co. has a 1000tpd and a 700tpd new-type drying cement production line. Presently, it is one of the key companies in Gansu’s building material industry.