Over 83 million! A bankrupt cement company in Sichuan began auctioning assets.

Recently, the auction platform announced two auction news of Sichuan Zhengqiang Cement Co., Ltd., which is located in two factories and land use rights, buildings and structures in Tiexi Town, Tongjiang County, Bazhong City, Sichuan Province, with a starting price of 49545280 yuan. Another

auction news is that the company's machinery and equipment in Tiexi Town, Tongjiang County, Bazhong City, Sichuan Province, was auctioned publicly with a starting price of 343 38624.

It is understood that on January 12, 2024, the People's Court of Tongjiang County, Sichuan Province, announced that in the implementation of the reorganization plan of Sichuan Zhengqiang Cement Co., Ltd., the reorganization plan could not be implemented objectively because the cement production index could not be restored. According to the application of the administrator of Sichuan Zhengqiang Cement Co., Ltd., the court decided on September 15, 2023 to terminate the implementation of the reorganization plan of Sichuan Zhengqiang Cement Co., Ltd. and declare the company bankrupt.

According to China Cement Network, Sichuan Zhengqiang Cement Co., Ltd. has a 2500t/d cement clinker production line in Tiexi Town, Tongjiang County, Bazhong City, Sichuan Province, with an annual clinker production capacity of 775000 tons, which has been shut down.