Huaxin Cement outlines investment plan for 2005

Huaxin Cement outlines investment plan for 2005
Published: 10 January 2005

Huaxin Cement Co. Ltd, China, in which Holcim has a sizeable stake plans to invest 1.258 billion yuan (US$157m) in 2005 to construct two more clinker production lines and two large cement grinding stations.   The company also aims to complete projects it started in 2004.  

According to local sources, the company aims to bring its total assets to 6.7 billion yuan in 2005, up 33 per cent year on year; rake in 3.8 billion yuan from main business, up 73 per cent; produce gross profit of 367 million yuan, up 46 per cent; and turn in 400 million yuan in taxes, up 40 per cent. Meanwhile, it aims to cut the energy cost for production by 10 per cent.