CRH to acquire cement plant in China
10 October 2006
CRH has reached agreement to acquire the assets of a cement plant in Heilongjiang province, northeast China. The plant, which will operate as Harbin Sanling Cement Company (“Harbin Sanling”), is located in Xiaoling Township, approximately 45km southeast of Heilongjiang’s largest city, Harbin (population: 9 million). Harbin Sanling is a modern plant with two clinker production lines and total cement capacity of 650,000 tonnes per annum. The acquisition is expected to close in the coming months subject to government approval and the satisfaction of certain preconditions, and further information will be provided in due course.
In a comment, Liam O’Mahony, CRH Chief Executive said: “The proposed deal represents an excellent opportunity for CRH to enter and participate in the large and growing Chinese building materials market.”
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
|Liam O'Mahony ||Chief Executive |
|Myles Lee ||Finance Director |