日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Top Biz Photos

Sinoma to hike cement output with Qilianshan stake buy

By Liu Yiyu (China Daily)
Updated: 2009-12-29 08:08
Large Medium Small

Sinoma to hike cement output with Qilianshan stake buy

A worker loads bags of cement onto a truck at a cement plant in Shaanxi province. [Bloomberg News]

China National Materials Co Ltd (Sinoma) is increasing its shareholding in Gansu Qilianshan Cement Group Co Ltd to further expand capacity, the cement equipment and engineering services provider said in a statement on its website yesterday.

Sinoma plans to buy a 51 percent stake in Gansu Qilianshan Holdings Co, which is the largest shareholder of the Shanghai-listed Qilianshan Cement with a 12.78 percent stake, for 333 million yuan.

The deal is by far the largest in China's cement industry this year, said sources.

Prior to this, Sinoma had acquired an 11.58 percent stake in Qilianshan Cement in June and was the second largest shareholder in the company.

Sinoma plans to acquire 35.67 percent stake in Qilianshan Holdings from the Gansu provincial government for 232.77 million yuan. It will also pay Qilianshan Holdings additional capital of 100 million yuan, representing approximately 15.33 percent of its enlarged capital.

After the deal, Sinoma's cement capacity would reach 100 million tons by 2011 and help it have a nearly 70 percent share of the cement market in the northwestern region, said Chairman Tan Zhongming.

The company also plans to invest 5 billion yuan in Gansu province by 2013.

Qilianshan Cement's profit for the first sixth months of this year nearly doubled to 159 million yuan. It has a production capacity of 10 million tons, and accounts for nearly 40 percent of Gansu's cement capacity. The company expects its output to reach 15 million tons by 2011.

Related readings:
Sinoma to hike cement output with Qilianshan stake buy Sinoma establishes $88m cement plant in Gansu
Sinoma to hike cement output with Qilianshan stake buy Sinoma to achieve 50% growth in 2008 profits
Sinoma to hike cement output with Qilianshan stake buy Sinoma seeks more production after peer takeover

The northwest region is considered to be the fastest growing cement market in China and Sinoma's early moves could help it have a lead over peers. It recently bought Xinjiang Tianshan Cement Co and Ningxia Saima Industry Co, and now controls 40 percent and 60 percent market share in Xinjiang and Ningxia respectively.

China's cement industry has been undergoing a lot of activity recently after the government urged the sector to consolidate through mergers and acquisitions. The industry is also facing an overcapacity situation, said sources.

In addition, the sector always had a regional concentration. Beijing-based BBMG and Hebei province's Jidong Cement Company are the largest rivals in northern China while Taiwan Cement has become the largest cement maker in southern China recently, replacing Anhui Conch Cement.

French cement maker Lafarge is also eyeing the Chinese market and considering buying Shuangma Cement, a Sichuan province-based company.

主站蜘蛛池模板: 中文字幕第18页 | 福利国产| 爽爽窝窝午夜精品一区二区 | 亚洲久久天堂 | 亚洲天堂精品在线 | 欧美黄色性视频 | 午夜69成人做爰视频 | 超碰免费av | www午夜 | 成人激情视频在线播放 | 99热偷拍 | 玖玖久久 | 亚洲区中文字幕 | 亚洲一区二区视频在线观看 | 成人黄网免费观看视频 | 伊人影院中文字幕 | 国产精品三级在线观看 | 777精品视频| av一级在线观看 | 日韩成人精品视频 | av在线免费播放网址 | av高清免费| 亚洲美女在线观看 | 亚瑟av| juliaannxxx精品艳妇| 欧美久久久久久久 | 成年人在线播放视频 | 免费a视频在线观看 | av免费观| 国产爆操 | 国产精品久久久久久在线观看 | 在线免费观看你懂的 | 成人亚洲欧美 | 激情综合网五月天 | 成人免费视频网站在线看 | 欧美激情在线播放 | 亚洲综合成人在线 | 麻豆小视频| 一级国产精品 | 日韩视频区 | www.xxav|