Cement Network Video: 269 Million yuan Capital Increase! Tianshan Cement Co., Ltd. successfully acquired 70% equity of overseas cement enterprises

On November 12, according to the announcement issued by Tianshan Stock Company. The newly established Central Asia SPV Company invested 269 million RMB in QazCement Industries, a local company in Kazakhstan, and acquired 70% of QC Company. A 3500 t/d clinker cement production line will be built in Aktobe, Kazakhstan. The foundation of the project has been laid, with a total investment of about 1.384 billion yuan. The first phase of the project is expected to be put into operation in Kazakhstan in 2027, and the second phase of the project is expected to increase production capacity to 2 million tons per year.