Displaying items by tag: Zeth Cement
China to construct a cement plant in Kyrgyzstan
01 September 2014Kyrgyzstan: A ground-breaking ceremony was held on 29 August 2014 at the site of a new cement plant in Kemin, Chui Province, about 13km east of the Kyrgyz capital, Bishkek. The plant, which is being constructed by Chinese investment, will cost around US$70m, according to Sun He, business counsellor with the Chinese Embassy in Kyrgyzstan.
Kyrgyz first vice prime minister Tayirbek Sarpashev said that he was confident that the cement plant would bring more jobs to Kemin and bring about tax revenues of between US$10m and US$15m each year upon completion.
Zhu Rongjun, general manager of ZETH-Cement, the Chinese investment subsidiary that is registered in Kyrgyzstan and the investor of the new cement plant, said that it would use advanced technology for production at the plant. Zhu added that the plant would start formal construction in 2014 and be completed and put into production within 15 months.
Tongling Shangfeng Cement to expand into Kyrgyzstan
13 August 2014Kyrgyzstan: 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.