Gansu Qilianshan Invests in New Cement Line     

Gansu Qilianshan Cement Group Co., Ltd. (SH: 600720), the largest cement maker in Gansu province and a specialty cement manufacturing base in northwest China, agreed to input RMB90 million into Gangu Qilianshan Cement Co., Ltd., its wholly unit, to construct a 3 000 t/d new dry-process cement production line, the company announced on March 9th.
   The project needs a total investment of RMB454.68 million, with construction expected to take 12 months.
   Also, Gansu Qilianshan agreed to buy a 100% stake in Gansu Tianshui Yuanyang Cement Sales Co., Ltd. for RMB1.91 million to strengthen its sales arm. The acquisition will be funded by the company's internal capital.
   Based in Lanzhou, Gansu province, Gansu Qilianshan reported preliminary favorite records.