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News China Gezhouba and Zhongxia Cement set up US$190m joint venture

China Gezhouba and Zhongxia Cement set up US$190m joint venture

Written by Global Cement staff 28 November 2014
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China: Gezhouba Group Cement, a subsidiary of China Gezhouba Group, has signed an agreement with Hubei Zhongxia Cement to set up a joint venture to restructure the assets and businesses of Zhongxia Cement.

The joint venture, with a registered capital of US$190m, will be engaged in production and sales of cement, clinker and fine slag powder and opencast mining of limestone for cement uses. Gezhouba Cement will hold 51% of the venture and Zhongxia Cement will hold the remaining 49%. The venture will acquire the entire current assets of inventories for cement production and operation of Zhongxia Cement after establishment.

Last modified on 03 December 2014
Published in Global Cement News
Tagged under
  • China
  • Gezhouba Group Cement
  • Hubei Zhongxia Cement
  • Joint Venture
  • GCW179

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