Yadong Cement Co., Ltd, to invest RMB 2b to support post-disaster

Byswb

Updated Wed, 25 Jun 2008 00:00:00 GMT

According to Sichuan Yadong Cement Co., Ltd, the company was determined to invest more than RMB2b again to build the third and fourth phrase production lines, aiming at the annual production capacity of 8 million tons so as to coordinate with local cement industry development to satisfy the need of cement in the post-disaster reconstruction.

Sichuan Yadong Cement Co., Ltd, located in Pengzhou, was set up by Asia Cement Corporation under Far East Group in 2004. Based on statistics from Sichuan Taiwan Affairs Office, as of 2007, Sichuan Yadong Cement Co., Ltd, Sichuan’s largest Taiwanese-invested enterprise presently, had totally invested USD258m with annual cement production of 2 million tons.

In May 12 earthquake, mine equipment and belt conveyors of the company were partly damaged by the landslides due to the strong tremor while all the staff as well as the main production capacity of the corporation were sound, and main production line of clinker aggregate fully resumed production on May 20. Currently, the corporation is speeding up the construction of its second-phrase production line and expected to be completed and put into production by the end of this year, at which time annual cement production of 4 million tons will be achieved.