Displaying items by tag: Gansu Shangfeng Cement

China: Gansu Shangfeng Cement has announced plans for the establishment of a new building materials digital intelligence research company. Local press has reported that the company will function as a joint venture of a Gansu Shangfeng Cement subsidiary and another company. Gansu Shangfeng Cement says that the new venture will have registered capital of US$70.3m.

Kyrgyzstan: Gansu Shangfeng Cement has announced its subsidiary Tongling Shangfeng Cement has signed a cooperation letter of intent with Zhu Rongjun to buy equities and invest in Zeth Cement in Kyrgyzstan.

Initially the two companies intend to build a 300t/day clinker production line and support cement production lines in Chui province. Tongling Shangfeng will hold 58% of Zeth Cement and Zhu will own the remaining 42%. Zhu has agreed to inject limestone mining rights and land-use rights that the company owns or controls for cement production into Zeth.