China Resources Cement announced its wholly owned subsidiary China Resources Cement Holdings (Hong Kong) Limited entered into agreements with San The Ltd. and San Teh Xing (Xiamen) Trade Co. Ltd. to acquire interests in Dali San-Teh Cement and Dali San-Teh Building Materials at CNY1.29bn (CNY).
Upon completion, China Cement will own a 93.79% interest of the two companies, which engage in the production and sale of clinker and cement in Yunnan. The companies operate three 2500tpd NSP clinker production lines, amounting to approximately 3Mta cement capacity. They also have a project to construct a new 2500tpd NSP clinker production line.
