Anhui Conch acquisition, China

Anhui Conch acquisition, China
19 January 2012

Anhui Conch Cement plans to acquire Anhui Conch Venture Capital’s no 4 and 5 energy saving equipment factories, and relevant land use rights, for a total of CNY22m, reports Shanghai Securities News, citing a company filing.

According to the filing, the cement maker plans to set up an equipment storage centre, which will boost production and lower procurement costs.

The factories purchased will be mainly used for storage, said the firm.

Published under Cement News

Tagged Under: China Conch