TJCC to Set Up Joint Venture in Liaoning

TJCC to Set Up Joint Venture in Liaoning
Published: 13 February 2004

Tangshan Jidong Cement Co., Ltd., TJCC , announced on February 8 that the company intended to inject investment in Chengxing Cement Company, a subsidiary of Liaoning Liaodong Cement Group, and will become the controlling shareholder of the latter.  In particular, TJCC will inject CNY 71.825 million (USD 1 = CNY 8.2770) into Chengxing Cement Company and set up a joint venture named Liaoyang Jidong Cement Chengxing Co., Ltd. on the base of the former Chengxing Cement Company.   After these production lines finished, the joint venture will reach an output of 5000tpd of processed cement and annual output of 1.6Mt.