On November 5, Gansu Shangfeng Cement announced that the company intends to increase its capital by 40 million yuan to Ningbo Shangfeng Cement in proportion to the joint venture. It also plans to purchase the annual output of 1.2 million tons of cement grinding capacity index and other related assets of Wanhua Thermal Power Building Materials at a price of 72.0302 million yuan. Ningbo Shangfeng plans to use the spare space of the wharf to rebuild a cement grinding production line with an annual output of 1.2 million tons. At present, the preliminary administrative approval has been basically completed.
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