On September 18, Conch Cement successfully issued the third and fourth issues of medium-term bills in 2024, with a total issuance scale of 7 billion yuan, 3.5 billion yuan per issue and a period of five years. The coupon rates are 2.12% and 2.10% respectively, and the raised funds are specially used for the construction of the green building materials project of Fengkai Conch Guli Mountain.
It is understood that the Conch Cement Gulishan Green Building Material Project is located in Fengkai County, Zhaoqing, under the jurisdiction of Xinghua Town and Luodong Town, with a total investment of 10.27 billion yuan and a resource reserve of about 310 million square meters . It mainly produces 3.18 million cubic meters of granite blocks, 20 million tons of building aggregates and 2.15 million tons of washed sand annually, with a transfer period of 26 years.
It is reported that in September 2021, Conch Cement and Zhaoqing Transportation Group of Guangdong Province signed a cooperation agreement on the Gulishan Mineral Project in Fengkai County. The two sides plan to set up a project company to jointly participate in the bidding and development and operation of the transfer of mining rights in the Gulishan Mining Area in Fengkai County, so as to promote the project to be put into operation as soon as possible. And then promote the development of Hong Kong, Guangdong and Macao Bay Area. In May
2022, Fengkai Conch Trading Green Building Materials Co., Ltd. won the mining right of the project with 6.82 billion yuan. In December 2022, the project successfully obtained the mining license; in 2024, the project has officially started construction.
On July 22, Fengkai County, Zhaoqing City, Guangdong Province, said that it would urge the Green Conch Cement Gulishan 20 million tons/year aggregate project to be put into operation within the year.
Conch Cement said that in the future, based on the main cement industry, it will make every effort to promote the development of aggregate industry and production capacity , promote the layout of commercial mixing industry, and continue to create new profit growth points.
