Qilianshan Cement to boost capacity, China
Gansu Qilianshan Cement Group intends to invest CNY1.456bn (US$227.8m) to expand capacity and to integrate its business in the Gansu, Qinghai and Tibet regions, reports Shanghai Securities News, citing a company filing.
The company will invest CNY501m to add a new dry-process facility in Zhangxian, Gansu province, to meet local demand.
The cement maker will invest CNY885m to build a 7.5MW pure low temperature waste heat power generation plant for its cement production facilities in Wuwei, Gansu province.
According to the company, there are huge opportunities in Gansu and Qinghai provinces as the government is encouraging development in those areas.
Published under Cement News
