Songji Group that is in Dengfeng City of Henan Province and the Hangzhou-based Jinjiang Group cooperatively invest CNY630m in building a power plant and a cement production line.
The cement production line that produces cement with fly ash gets an investment of CNY 420m, of which Songji Group pours 60 per cent and Jinjiang Group 40 per cent. It is expected to be finished in 30 months. Once the production begins, it will have an annual capacity of 2.2Mt. The production value will hit CNY605m, and pre-tax profits CNY62m.