# Jidong Cement subsidiary to form joint venture with BBMG subsidiary

Jidong Cement's indirect subsidiary Jingyang Building Materials and BBMG's subsidiary New Materials Industrialization Group plan to establish a joint venture in Jingyang, Shaanxi, with registered capital of CNY 200 million, to build two autoclaved aerated concrete product lines.

- Type: Partnership
- Announced: 2021-07-19
- Where: Jingyang, Shaanxi, China
- Status: announced
- Products: autoclaved aerated concrete products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jidong Cement](https://endata.com/companies/29064.md) (partner)
- [BBMG Group](https://endata.com/companies/29065.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/516829.html), 2021-07-19: "The company's indirect holding subsidiary Jingyang Building Materials and the company's indirect controlling shareholder BBMG Group's wholly-owned subsidiary New Materials Industrialization Group plan to establish a joint venture in Jingyang County, Xianyang City, Shaanxi Province."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.