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Cement projects to be launched by Xinjian Tianshan

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Xinjiang Tianshan Cement Co Ltd, a cement and concrete manufacturer based in the Xinjiang Uyghur Autonomous Region will be building five cement production lines and a 1 million ton cement grinding facility in Xinjiang.In order to garner funds for the project, the Shenzhen listed firm will be issuing 120 million new shares at a price of CNY 20.64 per share. The company operates more than 16 advanced cement production lines with the inclusion of the six new projects. The company expects a total output capacity of 46 million tons by the end of 2013, out of which 40 million tons will be produced in Xinjiang.

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