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West China Cement to buy majority share in Kangding Paomashan Cement
China: West China Cement says that its subsidiary Yaobai Special Cement has agreed to buy a 97.5% share of Kangding Paomashan Cement for US$105m. Kangding Paomashan Cement is currently building a 1.5Mt/yr cement production line in the northwest of Ganzi Prefecture of Tibet.
The new plant is intended to benefit from its location when the Sichuan-Tibet Railway project fully opens in 2021.
UAECEMENT.COM
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Aug, 04,2020
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