# Tianshan Cement and Jidong Cement to form joint venture in Liaoning

Tianshan Cement and Jidong Cement plan to jointly invest in a new company, Liaoning Jinzhong Cement Group, with registered capital of 1.8 billion yuan. Each will contribute 900 million yuan for a 50% stake, with Jidong Cement consolidating the joint venture.

- Type: Partnership
- Announced: 2022-12-07
- Where: Liaoning, China
- Value: $250.0M (1.80B CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jidong Cement](https://endata.com/companies/29064.md) (partner)
- [Tianshan Cement](https://endata.com/companies/48814.md) (partner)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/202212/t20221207_6312308.html), 2022-12-07: "合资公司注册资本18亿元，天山股份与冀东水泥以现金方式各自认缴出资9亿元，分别持有合资公司50%的股权。"

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