Guangdong Tapai to expand capacity, China

Guangdong Tapai Group Co, Ltd plans to invest about CNY3.56bn in building a new 10,000tpd  dry-process  line, including a 20MW pure low-temperature waste heat power generation system, in Jiaoling County, Meizhou City, Guangdong Province.

The company posted operating revenue of CNY 883m for the first quarter of 2014, up 12.46 per cent YoY. Net profit attributable to shareholders jumped 224.47 per cent to CNY159m. Basic earnings per share was CNY 0.1782. The cement producer has forecast a net profit of CNY272m to CNY321m for the first half of 2014, up 180-230 per cent.