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China Resources Cement entered a joint venture agreement with CITIC Holdings, CITIC Dicastal and Foxconn Industrial Internet to create an intelligent manufacturing solution and digital platform for automotive parts, cement and construction materials. The joint venture will assist in building 'lighthouse factories' for CITIC Dicastal and China Resources Cement (Fengkai) Limited.
“the counterparties jointly invested to establish the joint venture company, committed to creating the intelligent manufacturing solution and digital platform for the industry of automobile parts, cement and other construction materials”crcement.com
Summarized from public sources; check the original articles before acting on it.