Shangfeng Cement

Shangfeng Cement announced that its subsidiary Zhejiang Shangfeng Building Materials and Xinjiang Tianshan Cement's joint venture, Xinjiang Tianfeng Investment Co., Ltd., plans to acquire 100% of Xinjiang Bohai Cement Co., Ltd. Bohai Cement has a 5,500 t/d clinker line and a 1 million t/y cement grinding line in Bortala, Xinjiang.

Shangfeng Cement's subsidiary Zhejiang Shangfeng Building Materials and Guizhou Southwest Cement will form a joint venture to build a new 4,000 tonnes per day intelligent cement clinker production line in Duyun, Guizhou, China. Total investment is about CNY 1.5 billion.

Shangfeng Cement's wholly-owned subsidiary Zhejiang Shangfeng Building Materials plans to acquire 85% equity of Inner Mongolia Songta Cement for 112 million yuan ($17.3 million). After completion, Songta Cement will become a controlled subsidiary.