# Jidong Cement and Tianshan Cement establish Liaoning Jinzhong New Material Industry Group

Jidong Cement and Tianshan Cement jointly established Liaoning Jinzhong New Material Industry Group Co., Ltd. with a registered capital of RMB 1.8 billion, each holding 50%. The joint venture aims to consolidate regional cement capacity.

- Type: Partnership
- Announced: 2023-03-27
- Where: China
- Value: $260.0M (1.80B CNY)
- Status: completed
- Products: cement, lime, gypsum, concrete components
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Liaoning Jinzhong New Material Industry Group](https://endata.com/companies/69330.md)
- [Jidong Cement](https://endata.com/companies/29064.md) (partner)
- [Tianshan Cement](https://endata.com/companies/48814.md) (partner)

## Sources

- [e.ccement.com](https://e.ccement.com/news/content/39885431103275001.html), 2023-03-27: "Liaoning Jinzhong New Material Industry Group Co., Ltd. was established with a registered capital of 1.8 billion yuan."

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