Splitting of Alfa Smith's mining and cement business

2023-12-25 11:08:31

All AFS China cement operations (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.

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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Correlation

Splitting of Alfa Smith's mining and cement business

All AFS China cement operations (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.

2023-12-25 11:08:31

CEMPI

94.81

+0.36 +0.38%

CONCPI

86.60

0.00 0.00%

CLKPI

97.91

+0.29 +0.30%

SPPI

40.93

-0.14 -0.34%

MORPI

71.83

-0.02 -0.03%

Hubei signed a contract for the project of 3 million tons/year phosphogypsum-based sulfuric acid co-production of cement clinker

Recently, China Chemical Engineering Donghua Company and Hubei Huiyang New Materials Co., Ltd. formally signed a design contract for 3 million tons/year phosphogypsum sulphuric acid co-production cement clinker project. The signing of the contract marks the further deepening of cooperation between the two sides in the field of phosphogypsum resource utilization, and injects new impetus into the green and low-carbon development of the phosphorus chemical industry. Meng Chenzhou, Deputy Secretary of the Party Committee and General Manager of Donghua Company, and Xu Jinchong, Chairman of Hubei Huiyang New Materials Co., Ltd., jointly attended the signing ceremony and signed the contract on behalf of the enterprise. The two sides had in-depth exchanges on project promotion, technology research and development, and follow-up deepening cooperation.