Combine wine steel Sinoma group into Northwest Cement Market (figure)

Through the increase of capital wine Steel (group) Hongda Building Materials Co., Ltd., Qilian Mountain (600720) will accelerate the realization of the end of 2012 to achieve 30 million tons of production capacity of the strategic objectives.　　Already owns the Qilian Mountains, Tianshan shares (000877), horse racing industry (600449) Three listed companies in the Sinoma Group also successfully through the Hexi corridor, Gansu and Xinjiang to connect a line. Qilian Mountain Today, the company May 28 with Jiuquan Iron and Steel (Group) Co., Ltd., Jiayuguan Great Wall Development Co., Ltd., Wine Steel (group) Hongda and the company wholly-owned subsidiary Yongdeng Qilian Cement Co., Ltd. jointly signed the "on Hongda building materials increase capital expansion Agreement",　　HTC building materials to increase the registered capital of 82.0382 million yuan, Qilian and its subsidiary Yongdeng Qilian Mountain will be to the wine and steel hongda in monetary way to increase more than 482 million yuan, total holding its 60% equity. Wine Steel Hongda mainly engaged in cement, slag superfine powder and cement products production, sales and so on. At present, the wine steel HTC has a Nissan 1000 tons and a Nissan 2000 tons of new dry cement production line, there is a Nissan 5000 tons of production line has been approved, the completion of the replenishment will immediately start construction of the production line, planned to be completed by the end of 2011 production.　　After the production line is put into operation, the strategic target of achieving 30 million tons of capacity at the end of 2012 in Qilian Mountains will be accelerated. In February this year, the Gangu and Cheng County of the Qilian Mountains were built and put into production in two annual production lines of 1.2 million tons. Capacity of the company to break through 10 million tons, plus the company is the construction of Yongdeng three lines, Qinghai second line and Zhang County project, will be in the Qinghai two provinces to form the northwest four plant eight lines, Southeast five factory seven line and Lanzhou, Tianshui, LongDong, Longnan,　　Qinghai-Tibet five cement sales area.　　Zhongming, chairman of Sinoma Group, said after the signing ceremony that by the end of 2011, Sinoma Group's cement production capacity will reach billion tons, of which the northwest and surrounding areas will account for about 70% of the company's total production capacity. At present, Sinoma Group through its Tianshan shares, horse racing industry and three listed companies in the Qilian Mountains, has occupied Xinjiang 40%, Ningxia 60% and Gansu Province, about 40% of the market share, its position in the Northwest cement hegemony has been stable. In the recent central new round of Xinjiang regional economic planning and investment in the big background, through the increase of wine steel Hongda will be Qilian Mountain and Tianshan shares two regional leading companies into one, increased the Sinoma group in the two places in the development of cement market "multiplier effect", Sinoma group said that the increase in capital is imperative and coincides with its time.