Has been a serious loss! Cement enterprise goes bankrupt and 4000t/d production line stops production

Recently, China Cement Network learned from the Intermediate People's Court of Wuhai City, Inner Mongolia Autonomous Region (hereinafter referred to as the "Court") that on July 4, 2023. Inner Mongolia Baotou Steel Xichuang Group Co., Ltd. applied to the court for bankruptcy liquidation of Wuhai Huayuan Cement Co., Ltd. on the grounds that the respondent Wuhai Huayuan Cement Co., Ltd. had been suffering serious losses and was unable to repay its debts due. According to the

ruling, the court notified the respondent Wuhai Huayuan Cement Co., Ltd. that it had no objection to the application for bankruptcy liquidation filed by the applicant Inner Mongolia Baotou Steel Xichuang Group Co., Ltd.

It is understood that Wuhai Huayuan Cement was established on March 23, 2010. The registration authority is Wuhai Market Supervision and Administration Bureau. The operation period is from March 23, 2010 to March 22, 2060. The current industrial and commercial registration status is open. The registered capital of the company is 260 million yuan, and the shareholders are Inner Mongolia Property Rights Exchange Center, Inner Mongolia Baotou Steel Xichuang Group Co., Ltd. and Baotou Iron and Steel (Group) Co., Ltd.

Wuhai Huayuan Cement Company has a 4000t/d production line, which was put into operation in August 2010. In March this year, the list of cement clinker flat glass production lines issued by the Office of Industry and Information Technology of Inner Mongolia Autonomous Region showed that the production line had been shut down.