Materials group breaks into Chinese market by purchasing cement plant in north-east China
Material group CRH is set to break into the Chinese building materials market with its latest acquisition.
The company announced to day that it had agreed to buy the assets of a cement plant in Heilongjiang province, north-east China. The plant will operate as Harbin Sanling Cement Company.
Harbin Sanling is a modern plant with two clinker production lines and total cement capacity of 650,000 tonnes a year.
Liam O'Mahony, CRH chief executive, said: “The proposed deal represents an excellent opportunity for CRH to enter and participate in the large and growing Chinese building materials market.”