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News West China Cement to buy majority share in Kangding Paomashan Cement

West China Cement to buy majority share in Kangding Paomashan Cement

Written by Global Cement staff 03 August 2020
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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.

Last modified on 05 August 2020
Published in Global Cement News
Tagged under
  • China
  • West China Cement
  • Acquisition
  • Tibet
  • Kangding Paomashan Cement
  • Plant
  • GCW467
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