21st Asia Cement Trade Summit,

13-14 Nov, 2019 - Manila, PHILIPPINES

Hilton Manila

  • Exhibitor
    www.cmtevents.com/eventexhibition.aspx?ev=191131&
  • Promotion Partner
    www.constriction1.com
  • Promotion Partner
    www.Simankhabar.ir
  • Promotion Partner
    www.cementgroup.ir
  • Promotion Partner
    industrialreview.co.za
  • Promotion Partner
    www.worldcement.com
  • Promotion Partner
    www.southasianmonitor.com

News Feed

GKE Corp Invests $9.7 million in China’s cement plant

Posted on : 02 Jul, 2019

 
GKE Corp – via its wholly owned subsidiary - Wuzhou Xing Jian Readymix Co. – is investing S$9.7 million in a new ready-mix cement plant in Cenxi City, China.
 
Wuzhou Xing Jian Readymix Co. has signed a construction agreement with the municipal government of Cenxi City recently.
 
The government is expected to lease 25 mu (about 16,667 square metres) of land (with a tenure of 50 years) to Wuzhou for the new plant.
 
Wuzhou Xing Jian Readymix Co. that produces and supplies ready-mix cement products, expects to complete construction of the plant in 15 months – once it gets the land use rights grant.
 
The cement plant will be funded via internal resources and issuing 100 million new ordinary shares at S$0.07 per share to three investors - two GKE Corp employees and one private investor. The proposed placement will raise S$7 million.
 
The company already has a successfully running plant (commenced operations in 2016) which is also its first automated ready-mix cement plant in Wuzhou City, China.
 
The new cement plant is expected to help expand the group’s ready-mix cement business and support ongoing urbanization plans in Cenxi City.
 
For more recent trends in China’s cement market, attend CMT’s 21st Asia CemenTrade Summit on 13-14 November, 2019 in Manila.
 
Contact Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.