West China profits 69% higher

West China profits 69% higher
23 July 2010

West China Cement reports that net profit for the four months ended 30 April 2010 were 69.9% higher at CNY154.3m (US$22.8m) and it is forecasting that the profit attributable to the shareholders will be not less than CNY307m for the six months to 30 June 2010.

The company says that it plans to further expand its production capacity through acquisition of additional production facilities and construction of new production facilities.

Management plan to construct two new production lines in Pucheng and Xixiang counties, respectively, in Shaanxi province with a total production capacity of 2.2Mta and are also installing a new cement grinding mill in the Lantian production facility, which is expected to increase production capacity by 0.7Mt. 

These additional production facilities are expected to increase aggregate production capacity to 12.5Mt.
Published under Cement News