Qilianshan Cement invests in two projects, China

Qilianshan Cement invests in two projects, China
Published: 02 June 2005

Gansu Qilianshan Cement Co Ltd said it plans to build two cement production lines in the northwestern regions of Ningxia and Gansu with a total investment of around CNY900m.  

The two lines will each have a daily production capacity of 5000t. When construction on the two lines is completed, Qilianshan Cement’s annual cement production capacity will be increased to seven mln tons and total sales revenue is expected to be over CNY1.5bn.  

The company said it has signed a letter of intent with Sinoma International Engineering Co Ltd to allow the latter to be in charge of the construction. The plan is still subject to approval by Qilianshan’s board and shareholders.