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http://www.iii.co.uk/investment/detail?code=cotn:WCC.L&displ… West China Cement Limited 13 April 2010 West China Cement Commissioning of Yangxian Plant The directors of West China Cement (the "Board") are pleased to announce the full commissioning of the Yangxian plant, located in Hanzhong County. The plant commenced production and sales of cement in the last week of March following the firing up of the kiln on the 31st December 2009 and it is currently running at full production capacity. The Yangxian plant, the first of two plants planned by the Company in Hanzhong County, comprises a 2,500 tonne per day NSP clinker production line with annual cement production of approximately 1.1 million tonnes. The Company's second plant in Hanzhong County, the Mianxian plant, is on schedule and commissioning is expected in the third quarter of 2010. Commenting on the Yangxian plant, Chief Executive Mr. Zhang Jimin said: "The full commissioning of our Yangxian plant represents our first sales of cement produced in Hanzhong County, an area we see as strategically important in achieving a market leading position in southern Shaanxi province." At the Company's AGM held on 31 March 2010, resolutions were approved by shareholders in relation to the proposed listing of the Company on the HKEx (the "HKEx Listing"), including a de-listing of the Company from AIM (the "De-Listing") to take place at the same time as the HKEx Listing. These resolutions are conditional on the HKEx Listing taking place, and the Directors expect that the HKEx Listing and the De-Listing will take place on or around 24 May 2010. The expected date of the De-Listing and the HKEx Listing set out above is the earliest expected date and is subject to change. The timing of the De-Listing is contingent on the HKEx Listing. In the event that these dates are revised, the Company will make an appropriate announcement and the final dates will be confirmed not less than ten clear business days in advance of the relevant date. |
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| aus der Diskussion: | West China Cement profitiert vom Baumboom Chinas - 586 Mrd. $ für Infrastruktur! |
| Autor (Datum des Eintrages): | sunny3999 (13.04.10 22:07:12) |
| Beitrag: | 55 von 94 (ID:39328040) |
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