Tianshan Cement to establish joint venture in Georgia

Byjirong

Updated Fri, 21 Aug 2015 17:37:48 GMT

Georgia: Xinjiang Tianshan Cement has recently signed an agreement with a Georgian cement company and Xinjiang Hualing Industry & Trade to establish a joint venture in Georgia.

With total investment of US$60m, the joint venture will launch a production line with 3000t/day of clinker capacity and 1.2Mt/yr of cement capacity. Xinjiang Tianshan Cement and Xinjiang Hualing Industry & Trade will control an at least a 65% stake the venture, while the Georgia-based cement company and Xinjiang Hualing Industry & Trade will jointly control a 35% stake at most.