Putin Visits China with 240 Million Euro Cement Production Line Contract

2009-10-10 00:00:00
< P > < FONT face = Verdana > Russian Prime Minister Putin will pay an official visit to China from October 12 to 14. According to Russia's RBC news agency, Russian Deputy Prime Minister Alexander Zhukov said that during Putin's visit to China next week, Russian companies plan to sign agreements with China worth more than $5.5 billion, covering cooperation projects in transport, infrastructure, construction and mining industries.

< P > < FONT face = Verdana > It is reported that during Putin's visit to China, Eurocement, Russia's largest cement manufacturer, will cooperate with China's two state-owned cement enterprises, Sinoma Group and China Building Material Group, to build cement production lines in Ryazan, Samara, Sverdlovsk and Chelyabinsk. The total planned investment is 240 million euros.

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In 2025, Conch Cement will realize an operating income of 82.532 billion yuan, a year-on-year decrease of 9.33%, and a net profit attributable to parent company of 8.113 billion yuan, a year-on-year increase of 5.42%.