The 4500t/d equivalent replacement project of Conch Cement has been accelerated

2024-06-17 10:41:23

A 4500t/d clinker production line will be built, and the company's original 2500t/d and 2000t/d clinker production lines will be withdrawn.

On June 5, Fenyi Conch Cement Clinker Production Line Relocation Project Scheduling Meeting was held. Zou Jiahong, Secretary of Fenyi County Party Committee of Xinyu City,

Jiangxi Province, stressed that the relocation project of Fenyi Conch Cement is a major event in the development of our county's industrial economy and an important support for the strategy of "one pole, one county".

All localities and departments should enhance their ideological understanding, earnestly take the enterprise's affairs as their own affairs with a sense of urgency, a sense of responsibility and a sense of mission, solve the existing difficulties and problems, and go all out to grasp the start-up, progress and production;

To highlight the problem orientation, relevant departments around the country should further strengthen the guarantee of land use, energy use, environmental protection and other factors in accordance with the list of coordination items, improve the efficiency of project planning and process approval, keep a close eye on the time nodes and target tasks, reverse the schedule, operate at full capacity, and fight with wall charts, so as to lay a solid foundation for project construction.

It is understood that in November 2023, the Jiangxi Office of Industry and Information Technology issued the announcement on the production capacity of Fenyi Conch Cement Co., Ltd. with a daily output of 4500 tons of cement clinker, saying that Fenyi Conch Cement intends to implement the overall relocation and technical renovation project of the cement clinker production line from the city to the park. A 4500t/d clinker production line will be built, and the company's original 2500t/d and 2000t/d clinker production lines will be withdrawn.

The project is planned to be ignited in June 2025.

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Correlation

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.