3.3 billion to build new lines, 2.4 billion to buy hotels … Jiangsu Jinfeng Cement Group's "Trench Spirit" Handwriting Continues!

2024-01-30 09:04:53

In addition to building a new line, Jiangsu Jinfeng Cement Group's 2.43 billion yuan acquisition of Shanghai Bulgari Hotel has also attracted the attention of the industry.

On January 26, the People's Government of Liyang City, Jiangsu Province, issued a public announcement on the approval of the environmental impact assessment document of Qianfeng Cement Construction Project. The publicity period is from January 26, 2024 to February 1, 2024 (5 working days). Basic information of

the project: Jinfeng Group plans to purchase Φ6.0 m, roller press, cement mill, roller vertical mill (cement), preheater, coal mill, generator, waste heat boiler and other equipment in the rotary kiln by eliminating the existing 2000 tons/day cement production line. A demonstration production line of 9000 tons/day intelligent second-generation new dry cement was built at the original site, with a total investment of about 3.3 billion yuan , which was constructed and operated by Liyang Qianfeng Cement Co., Ltd. The construction site is in the plant area of Jinfeng Cement Group, Green Building Material Industrial Park , Shezhu Pilot Area.

Prior to this, the Department of Industry and Information Technology of Jiangsu Province issued the Announcement on the Integration and Construction Scheme of the Cement Clinker Production Line of Liyang Qianfeng Cement Co., Ltd., and Liyang Qianfeng Cement Co., Ltd. planned to integrate and construct a 9000 t/d cement clinker production line with a planned ignition time of July 2025. ( Note: Liyang Qianfeng Cement Co., Ltd. is a wholly-owned subsidiary of Jiangsu Jinfeng Cement Group Co., Ltd.)

Or its competitiveness is low, or due to the needs of urban planning, this technical transformation project is optimized and upgraded through capacity reduction and integration. Shut down one 2000td cement clinker production line of Jiangsu Jinfeng Cement Group Co., Ltd., one 5000t/d cement clinker production line of Jiangsu Liyang Nanfang Cement Co., Ltd., Jiangnan-Onoda Cement Co., Ltd. has three cement clinker production lines including one 4000td cement clinker production line , and one 9000t/d low energy consumption and fully intelligent cement clinker production line will be built without new capacity. The project adopts the advanced six-stage preheater with a new type of dry pre-decomposition firing technology outside the kiln. The coal mill adopts the vertical roller mill, and the raw material mill adopts the roller mill. The equipment has a higher level of automation and intelligence, and the project has a remarkable effect on energy saving and emission reduction.

In addition to building a new line, Jiangsu Jinfeng Cement Group's 2.43 billion yuan acquisition of Shanghai Bulgari Hotel has also attracted the attention of the industry. On the evening of December 26,

2023, OCT (Asia) announced that OCT Shanghai Land Co., Ltd. and Jiangsu Jinfeng Cement Group Co., Ltd. Enter into the Transaction Agreement to transfer the Subject Assets in accordance with the terms thereof. The subject matter of this

transaction mainly includes the main building of Bulgari Hotel and other buildings, the hotel facilities and supporting rooms on the first to second floors of T1 building, and 88 supporting underground parking spaces, with a total construction area of about 35200 square meters.

It is understood that Shanghai Bulgari Hotel opened in 2018, is the sixth Bulgari Hotel in the world and the second Bulgari Hotel in China. Since its establishment, it has been famous for its "luxury". When it was listed for transfer in October, the most expensive suite of Shanghai Bulgari Hotel was 260000 nights, and the regular price of most rooms was much higher than that of ordinary five-star hotels.

Shanghai Bulgari Hotel

Of course, the price of buying this luxury hotel is not low, if calculated according to the price of a single room, the price of each room is 29.63 million yuan. The unit price and single room price will all refresh the world's most expensive record, and far ahead of the second place.

It is worth mentioning that Jinfeng Holding Group Co., Ltd. (Hereinafter referred to as "Jinfeng Group") represented by the buyer Jinfeng Cement is not the first time to acquire luxury hotels in Shanghai.

In September 2023, a subsidiary of Jinfeng Group just bought Sheraton Hongkou Hotel in Shanghai for 1.643 billion yuan. That is to say, in just half a year, the previously "low-key" group took out 4.073 billion "sweeping" luxury hotels in Shanghai.

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