Grinding plant and quay berths acquired by CK Infrastructure Holdings
Cheung Kong Infrastructure Holdings has acquired a cement grinding station and three quay berths in Yun Fu city in Guangdong province, China, at CNY180m (US$28.5m). The agreement was made for the purchase with Chuang Dong Chemical Ltd.
The facility covers an area of 68,000m2 and it has cement grinding capacity of 1Mta. The three berths handle an average 3Mta, CKI said. CKI;s subsidiary Green Island Cement (Yunfu) will own the new assets and clinker produced by Green Island Cement in Hong Kong will be delivered for grinding via the quay berths to the Yunfu graning plant which is situated 11km away from Green Island Cement.
