West China Cement
West China Cement is a producer and distributor of cement.
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West China Cement announce record sales and approval for two new plants in earthquake reconstruction area
West China Cement Monday released preliminary results with its highest ever revenue for 2008 at RMB866m, up 65 percent on 2007. Profits were also up 64 percent to RMB246m.
WCC’s Chief Executive Officer Jimin Zhang said: “After seasonal slowdown in the cold winter and Chinese New Year break in January, construction has resumed and we have seen an increase in sales volume since mid February 2009."
The company is to set to supply a number of large infrastrucuture projects with cement over the next two or three next years as the Chinese government invests a large sums of its economic stimulus package on roads, railways and post-earthquake reconstruction in Western China.
The company also Monday announced approval for its Hanzhong project, which consists of two one-million-tonne plants (Yangxian and Mianxian) on either side of Hanzhong city, in a key where earthquake reconstruction area.
Completion of the plants is provisionally scheduled for Q2 2010 and Q3 2010 respectively, following which WCC’s total capacity is expected to reach approximately 7.3 million tones – 38 percent higher than its current annual capacity of 5.3 million tonnes.
Other West China Cement news
- West China Cement`s Hong Kong IPO values company at US$895 million
2010-08-21 - West China Cement acquires Xiushan Cement for RMB 180 million
2010-01-06 - Two major contract wins for West China Cement
2009-06-10 - West China Cement fires 3rd kiln and sees capacity reached in Q2
2009-02-05
