Philippine and Hong Kong Companies Invest $2 Billion to Build Two Cement Factories in China

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Researched by Industrial Info Resources (Sugar Land, Texas). Companies from Philippines and Hong Kong will build new factories and expand existing cement factories in China's Shandong and Guangdong Provinces.

In Shandong, Triumph-Continental Group, a Philippines-based cement company, has finished the first phase of its $90 million cement project in Penglai City and construction of the second phase will start soon. The cement factory utilizes rotary kilns and Triumph-Continental planned to build three 4,000-ton-per-day (clinker) product lines, one of which is included in its first phase of construction. It was reported that each product line will be able to produce 1.5 million tons of 42.5 MPa and 52.5 MPa cement every year.

Penglai City, once portrayed as a fairyland in ancient Chinese legends, is now one of China's biggest cement production areas, where more than 3 million tons of cement per year is produced from vertical kilns.

Triumph-Continental Group was founded in 1967 and its China headquarters is located in Xiamen, Fujian province.

In Guangdong Province, a cement subsidiary of China Resources (Holdings) Company, Limited (Hong Kong) will invest $473.7 million in Fengkai City to build a cement factory with a yearly capacity of 12 million tons.

China Resources will build six 4,500-ton-per-day "new type dry-process kilns" and six 90,00 kW waste heat power plants. In the first phase, China Resources will invest $197.4 million to build two kilns and related power plants, conveyor belts. It will be finished within two years.

China Resources, founded in Hong Kong in 1938 as Liow & Company and restructured and incorporated in 1983, now operates its core businesses in three fields: the manufacturing and distribution of daily consumer goods, properties and related industries, plus infrastructure and public utilities. It has seven cement factories in Hong Kong and China Mainland.

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