2024, the annual output of 40 million tons of aggregate project of Chizhou China Building Material New Material Company entered the stage of equipment entry. The successful entry of the equipment indicates that the project will enter the equipment installation stage from the civil engineering stage, which lays a good foundation for the project to be put into operation in the first half of this year as planned.
It is understood that on April 27, 2022, Chizhou China Building Material New Material Company, a subsidiary of East China Materials, successfully delisted the mining right of sand and gravel mine in Hengshan Mining Area, Guichi District, Chizhou City, and signed the Confirmation of Transaction on the spot. The resource reserve of the mining right is 814 million tons, which is sold by listing, and the bidding price is RMB 2.484 billion.
Chizhou China Building Material New Material Company will construct 40 million tons/year construction project of Hengshan Mining Area and peripheral cement limestone mine in Guichi District of Chizhou City, with a total investment of about 9.151 billion yuan, and build an annual output of 40 million tons of mineral products processing production line and supporting mineral products transportation corridor. On June 29,
2022, Tianshan announced that, based on the actual situation of investment projects, Chizhou New Materials Company intends to increase supporting projects, with a total investment of about 10.613 billion yuan. After
adjustment, the total investment of the project is about 10.613 billion yuan, of which the construction investment is about 10.267 billion yuan, the interest during the construction period is about 331 million yuan, and the initial liquidity is about 15 million yuan. It is
also understood that this project is the largest and largest single investment project of China Building Materials Group.
Tianshan shares have said that sand and gravel aggregate is an extension of the company's cement industry, is the need to strengthen the industrial chain, is a new business growth point. At present, the sand and gravel aggregate industry has entered the stage of transformation, upgrading and large-scale industrial production, and environmentally friendly and green mines will become the mainstream. The company gives full play to its advantages in management, technology, capital and market, and expands its aggregate business in the core area.
This investment will increase the production capacity of Tianshan cement aggregate, enhance the competitiveness of the regional market, realize the industrial linkage effect of cement, commercial mix and aggregate, and promote the realization of the development planning objectives of aggregate business. The investment and construction of the project is conducive to the realization of the company's investment layout along the Yangtze River Economic Zone and the promotion of the construction of the core profit area in the Yangtze River Delta.
