The transaction price is nearly 200 million! Hongshi Cement Wins Guangxi's Annual Output of 5 Million Tons of Sandstone Mine

Recently, Chongzuo Huixin Building Materials Co., Ltd. won the limestone mine in Quli Village, Tuolu Town, Jiangzhou District, Chongzuo City, Guangxi with nearly 200 million yuan. The total resources of the mine are 106.218 million tons, the annual mining scale is 5 million tons, and the transfer period is 22.4 years. It is understood that the winner was jointly established by Chongzuo Red Lion Cement Co., Ltd. (90% holding) and Nanning Red Lion Cement Co., Ltd. (10% holding). In July

2020, Hongshi Group signed a project of Chongzuo Green Building Material Industrial Park with a total investment of 5 billion yuan with the Jiangzhou District Government of Chongzuo City. It mainly constructs two production lines of 6000 tons of new dry clinker cement, two production lines of 300000 tons of light calcium carbonate and two production lines of 5 million tons of aggregate.

Among them, the first phase of the aggregate production line with an annual output of 5 million tons has been put into operation on June 28, 2021.