Anhui Conch plans to purchase an 80 percent stake in Guangxi Sihe Industry and Trade and stakes in several subsidiaries of Shaanxi Zhongxi Cement Group for a total of CNY600m (US$94m), reports yicai.com, citing a company filing.

Sihe Industry owns a new dry-process cement clinker production line with capacity of 4000tpd a cement grinding system with capacity of 2.4Mta, and 9MW of waste heat power generation units.

Zhongxi Cement’s subsidiaries possess clinker capacity of 7.2Mta, and cement production capacity of 9Mta.
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