CKI to invest in flagship Yunfu cement plant in China

Published: 10-Mar-2010

Cheung Kong Infrastructure Holdings Limited (CKI) has announced the development of new cement production facilities at Yunfu in Guangdong Province, China.

Green Island Cement Limited, a subsidiary of CKI concluded the acquisition of 700 acres of land on which, the Group will build and operate its new flagship cement plant. With an investment of HKD700 million ($90 million), the new plant will be wholly owned by Green Island and will have a clinker capacity of 4,500 tons per day.

Approval for the project has been granted by the Development and Reform Committee of Guangdong Province. As per the approval conditions, the project also encompasses the installation of a 9 MW waste heat regeneration system, which will be used by the new plant. Target completion date for the project is early 2012.

Green Island has also received approval from the local government to develop a pier capable of handling three barges at any one time along a coastal area of 60 acres with a 350 meter frontage.

CKI is a publicly listed infrastructure company in Hong Kong with diversified investments in energy infrastructure, transportation infrastructure, water infrastructure and infrastructure related business. It operates in Hong Kong, Mainland China, Australia, New Zealand, the United Kingdom, Canada and the Philippines.

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