Qilianshan Cement Co. Ltd in northwest China’s Gansu Province announced recently that the company will invest 530 to 610 million yuan (approx US$70m) in building two new cement production lines. Sources with the company said one of the production lines will be built in Huangzhong County, Xining City, capital of northwest China’s Qinghai Province. Another production line will be in Baiyin City in Gansu Province.
According to the company’s announcement, the 5000tpd dry cement production line in Huangzhong will be built in steps, and the whole project will involve a total investment of 250 to 330 million yuan. The first-phase project will include a 2500tpd line with an annual production of 800,000t of high-grade cement.
Construction of the first-phase project will be completed in one year. Upon completion, it is projected that the project will achieve annual sales of 170 million yuan with the profits of 30.47 million yuan.
Another 2500tpd dry cement production line with an annual production of 900,000t of high-grade cement located in Baiyin involves a total investment of 280 million yuan. Upon completion after one-year construction, the line is expected to have annual sales of 170 million yuan with the profits of 24.62 million yuan