Xinjiang Tianshan Cement announced that it has signed an agreement with a Georgian cement firm and Xinjiang Hualing Industry & Trade on establishing a JV in Georgia. With total investment of USD 60 million, the JV will launch a production line with daily production capacity of 3,000 tons of clinker and annual production capacity of 1.2 million tons of cement. Tianshan Cement and Hualing will control an at least 65% stake in it while the Georgia-based firm and Hualing, with land and limestone mines as injection, will jointly control an at most 35% stake.
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Mar. 27 | Xinjiang Tianshan Cement's 2023 Profit Drops 57% as Revenue Slips 19%; Shares Up 6% | MT |
Mar. 27 | Xinjiangtianshan Cement Co.,Ltd Proposes Final Cash Dividend for 2023 | CI |
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+8.77% | 5.42B |
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