Anhui Conch Cement Company Limited (PRC, one of the global leaders in cement production) invests 500 million dollars in the construction of facility in the Ulyanovsk region. The plant’s capacity will be 5 thousand tons of cement per day. The project will create 400 new jobs. According to the information provided by the regional government to the Information Agency REGNUM, the Investment Agreement on the plant construction was signed on July, 19.
Chinese investors highly appreciate efforts taken by the regional government in improving the investment environment.
"Sergey Morozov provides us significant assistance and pays a lot of attention to our investment project", said Wang Jianchao, the representative of the Anhui Conch Cement Company Limited,.
The Chinese company Anhui Conch Cement Company Limited is to build a cement works in the Sverdlovsk Region for USD 300 m, TASS was told by Consul General of the Chinese People’s Republic (PRC) in Ekaterinburg Tian Yunsian.
"Currently, the main design work is being carried out for the Russian-Chinese cement works. The construction site has already been chosen, 50 kilometres from Ekaterinburg. Capacity: 1.2 m tonnes of cement a year. The latest information puts the total investment at USD 300 m, about 85 per cent of which will be provided by the Chinese company, according to Tian Yunsian.
The contract for construction of the cement works in the Sverdlovsk Region was signed in October 2013 in Chinaby Russian Prime Minister Dmitry Medvedev and Premier of the PRC State Council Li Ketsian. "Active talks are under way between the Russian and Chinese sides. Both are choosing a bank to provide a guarantee”, the Consul General added.
It is planned to equip the works with a production line for general construction, oil well and white cement. Launch of the new works is anticipated to create over 300 jobs.
AnhuiConchCementCompanyLimited was founded in 1996 in Hong Kong and is among China’s best 120 companies. It has subdivisions in 20 provinces of China, as well as Indonesia and Myanmar. Thecompanyowns 120 modern lines for dry production of cement, five clinker and limedeposits in the PRC including a total of about 50 m tonnes. The company exports to over 20 countries, including the USA and Europe.
The government of the Ulyanovsk Region has signed a contract with Chinese company Anhui Conch Cement Limited on the construction of a cement factory, Governor Sergei Morozov announced on Friday. The deal is said to be worth 50 billion roubles (around $75 million).
“We have been working with the Anhui Province and Conch for some time now. The company is one of our most active tax residents. On Friday, we signed an agreement on the construction of a factory in the Ulyanovsk Region. The project will consist of three phases, with a total investment of 50 billion roubles, plus the related small businesses infrastructure,” Morozov told TASS on the sidelines of the Volga–Yangtze dialogue between Russia and China.
The Governor went on to say that the regional authorities are hoping to attract around 55–60 billion roubles ($75–90 million) for the development of the oblast.
According to Morozov, over the past year the government of the Ulyanovsk Region and Conch representatives have carried out significant work to select the right land plot and deposits, connect the electrical power supply and register the relevant documents.
It is expected that the project will create around 300–350 jobs.
Morozov also said that the project should create demand, as new residential housing is springing up all over the Ulyanovsk Region and industrial construction is developing at a rapid pace.
“Barring any unforeseen problems, construction should be under way be the end of the year,” he confirmed.
Anhui Conch Cement Company
Company's website: english.conch.cn
Contact: Mr Guo Wensan, Executive Chairman and Executive Director
Chinese company Conch (Anhui Province) is one of the top three cement-producing corporations in the world.