Anhui Conch - October 2018
Anhui Conch has signed a cement sale and purchase agreement with Jiangsu Conch Building Materials, believed to be worth around US$230m. Under the agreement, Conch subsidiaries in east China will sell a total of 3.5Mt of cement products to Jiangsu, a non-wholly-owned subsidiary of Anhui Conch. The deal is designed to allow the direct Conch subsidiaries to focus on production while Jiangsu concentrates on what is being described as its “centralised sales advantage”. The contract is seen as a pilot scheme to test the market and is expected to last until the end of 2018.
