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The Hong Kong-based Shui On Group started investing in cement production facilities in Chongqing as early as 1995. Since December 2000, the Group has also been actively investing in Guizhou in a bid to build a sizeable high grade cement operation there. To date, Shui On Cement (Guizhou) Group has established operations in Zunyi City, Bijie region, Liuzhi region, Qianxinan Prefecture and Qiandongnan Prefecture. The group will continue to expand into strategic locations in Guizhou through acquiring high potential cement plants with an aim to expand its total annual production capacity in the province to 3 million tonnes of high grade cement in the near future. The Group consists of Guizhou Shui On Cement Development Management Co. Ltd, Guizhou Zunyi Shui On Cement Co. Ltd, Guizhou Xinpu Shui On Cement Co. Ltd, Guizhou Yuqing Shui On Cement Co. Ltd, Guizhou Xishui Shui On Cement Co. Ltd, Guizhou Kaili Shui On Cement Co. Ltd, Guizhou Dingxiao Shui On Cement Co. Ltd, Guizhou Changda Shui On Cement Co. Ltd and Sichuan Hejiang T.H. Cement Co. Ltd. |
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In addition to the extensive investments in Guizhou, Shui On has established a sizeable cement group in Chongqing through Chongqing TH Cement Group, in which Shui On has a 50% stake. The first rotary kiln built under the joint venture commenced operation in early 1998. With the construction of the second rotary kiln in 1999, TH Cement's high grade cement production capacity was raised to one million tonnes per year, making it one of the top three cement producers in Chongqing. In mid-2001, Chongqing TH Cement acquired 80% of Diwei Cement in Jiangjin, the largest high grade cement producer in Chongqing with an annual capacity of around 1.8 million tonnes. In November 2002, Chongqing TH Cement completed acquisition of Qujiang Cement, a reputable factory with an annual capacity of one million tonnes located in the northern Sichuan area adjoining Chongqing. With this acquisition, Chongqing TH Cement controls three of the four largest cement producers in and around Chongqing with a combined annual production capacity of 4.5 million tonnes , taking up more than 70% of the high grade cement market in Chongqing. The recent acquisitions of two medium size cement plants, each with annual capacity of 400,000 tonnes, have further strengthened the Group's coverage of the Chongqing market. TH Cement now has a combined annual capacity of 5.6 million tonnes. |