China: Anhui Conch has continued a cement sale and purchase agreement with Jiangsu Conch Building Materials by entering into a new contract worth US$364m. Subsidiaries of Anhui Conch based in east China will sell a total of 7.5Mt of cement products to Jiangsu Conch, a non-wholly owned subsidiary of Anhui Conch, in 2019. Additionally, three of Anhui Conch’s subsidiaries in Shanghai region will procure 0.13Mt of fly ash and 70,000t of flue gas desulphurisation gypsum from Jiangsu Conch Building Materials in 2019 for a value of around US$3m. The deals follow a similar arrangement for Anhui Conch to sell cement to Jiangsu Conch in 2018.
Anhui Conch continues cement sales contract with Jiangsu Conch Building Materials
URL: https://globalcement.com/news/item/8558-anhui-conch-continues-cement-sales-contract-with-jiangsu-conch-building-materials
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