West China Cement to raise 22 mln stg ahead of AIM listing

West China Cement Ltd, a producer and distributor of cement, based in Shaanxi Province in the Peoples’ Republic of China, said it plans to raise 22 mln stg ahead of its admission to AIM, expected on Dec 4.  
 
The group operates three cement production lines in the Pucheng area, approximately 150km to the North East of Xi’an, with a combined annual capacity of 1.5Mt. It said the production lines are currently operating at full capacity being approximately 300 days of operations per year.