Recently, Alpha Smith Cement (Beijing) Co., Ltd. issued a statement that in January 2023, Alpha Smith Group announced a PURE PLAY strategic plan to split its mining and cement business sectors. This initiative is based on different developments and trends in the mining and cement markets, such as the electrification of mining and the green transformation of the cement industry, and is designed to enable both businesses to better respond to the opportunities and challenges in their respective industries.
As a result, all AFS Cement operations in China (including all related employees, assets, contracts, etc.) will be transferred from AFS Trading (Beijing) Co., Ltd. and AFS Machinery (Qingdao) Co., Ltd. to AFS Cement (Beijing) Co., Ltd. The "cement business" here includes, but is not limited to, all products and services related to grinding and firing in the cement industry, as well as automation systems, Maag reducers, Pfister feed scales and Wintermark packing systems.
Since January 1, 2024, the new legal entity of AFS China Cement Business, AFS Cement (Beijing) Co., Ltd. (A wholly-owned subsidiary of AFS Denmark), has been launched.
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