Groundbreaking Ceremony Held for Cement Line in China's Gansu Province

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Researched by Industrial Info Resources (Sugar Land, Texas)--The groundbreaking ceremony for Gansu Qilianshan Cement Group Company Limited's (SHA:600720) (Lanzhou, Gansu) Yumen 9,000-ton-per-day cement manufacturing project was held in Yumen Town, Jiuquan City, in China's Gansu province on May 18.

This is another large-scale project of the Qilianshan Cement Group, following the groundbreaking ceremony for the Gulang 9,000-ton-per-day cement project in April. Upon completion, Qilianshan Cement Group will be the largest cement manufacturer in the Jiuquan region.

The proposed cement project is located in the Yumen Chemical and Construction Materials Industry Park. According to the planning, the project will be built with two 4,500-ton-per-day dry cement clinker production lines, associated cement grinding mills and two 7.5-megawatt waste-heat power units. The project has a total investment value of about $210 million.

China's 12th Five-Year (2011-2015) will be an important strategic period for development in China, and also a critical period for the swift economic development in the western region, said Tuo Licheng, the chairman of Qilianshan Cement Group, at the ceremony.

Qilianshan Cement Group plans to expand its cement production capacity to 45 million metric tons by the end of 2015.

As a subsidiary of China National Materials Company Limited (HKG:1893) (Hong Kong), Qilianshan Cement Group is one of 12 large-scale cement producers in China and the largest cement manufacturer in Gansu province. Qilianshan Cement Group currently has 14 controllable or wholly owned subsidiaries with annual cement production capacity of 15 million metric tons. In 2010, Qilianshan Cement Group's actual cement output reached 8.4 million metric tons.

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