Cement News tagged under: Shandong Linqu Shengwei Special Cement

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Tangshan Jidong Cement acquires majority stake in Wubao Jidong, China

22 June 2012, Published under Cement News

Tangshan Jidong Cement announced it has acquired a 51 per cent stake in Wubao Jidong Special Cement for CNY173m, reports Securities Times, citing a company filing yesterday. At the same time, Shandong Linqu Shengwei Special Cement acquired a 10 per cent interest in Wubao Jidong Special Cement for CNY34.1m. According to Tangshan Jidong Cement, the acquisition will not have a significant impact on its fiscal or operational status and it will enhance its market share in Shaanxi special ce...