CRH purchases shareholding in Yatai Cement, China

CRH purchases shareholding in Yatai Cement, China
08 January 2009

CRH plc announces completion of its acquisition of a 26% shareholding in the Jilin Yatai Group’s cement operations (Yatai Cement), for RMB 2.1bn (EUR 224m), details of which were announced on 30 January 2008.

Yatai Cement’s operations comprise four integrated cement plants and four separate grinding stations in Jilin and Heilongjiang provinces in north eastern China, with a current cement capacity of 14Mta. The group’s major investment programme is well advanced and is expected to be completed in late 2009 when cement capacity will increase to 18Mta.

Yatai Cement is the leading player in the north eastern provinces and is a top-10 cement supplier in China.

Published under Cement News