The China Resources (Holdings) Co., Ltd. (CRC) signed an agreement on building two new dry process cement production lines with a daily output of 4000t in Nanning of South China’s Guangxi Zhuang Autonomous Region.   CRC is set to invest HK$1.226bn in the two production lines that will be installed in two phases.   Of the amount, HK$660 million will be injected into the first phase, which is scheduled to start in May 2005 and go into production in August.   The second phase project, costing HK$566 million, is scheduled for completion within two years.  
Published under Cement News