Commissioning of Yangxian Plant


 

TIDMWCC 
 
RNS Number : 0651K 
West China Cement Limited 
13 April 2010 
 

                                West China Cement 
 
                        Commissioning of Yangxian Plant 
 
                                  13 April 2010 
 
 
The directors of West China Cement (the "Board") are pleased to announce the 
full commissioning of the Yangxian plant, located in Hanzhong County. The plant 
commenced production and sales of cement in the last week of March following the 
firing up of the kiln on the 31st December 2009 and it is currently running at 
full production capacity. 
 
The Yangxian plant, the first of two plants planned by the Company in Hanzhong 
County, comprises a 2,500 tonne per day NSP clinker production line with annual 
cement production of approximately 1.1 million tonnes. The Company's second 
plant in Hanzhong County, the Mianxian plant, is on schedule and commissioning 
is expected in the third quarter of 2010. 
 
Commenting on the Yangxian plant, Chief Executive Mr. Zhang Jimin said: 
 "The full commissioning of our Yangxian plant represents our first sales of 
cement produced in Hanzhong County, an area we see as strategically important in 
achieving a market leading position in southern Shaanxi province." 
 
At the Company's AGM held on 31 March 2010, resolutions were approved by 
shareholders in relation to the proposed listing of the Company on the HKEx (the 
"HKEx Listing"), including a de-listing of the Company from AIM (the 
"De-Listing") to take place at the same time as the HKEx Listing. These 
resolutions are conditional on the HKEx Listing taking place, and the Directors 
expect that the HKEx Listing and the De-Listing will take place on or around 24 
May 2010. 
 
The expected date of the De-Listing and the HKEx Listing set out above is the 
earliest expected date and is subject to change. The timing of the De-Listing is 
contingent on the HKEx Listing. In the event that these dates are revised, the 
Company will make an appropriate announcement and the final dates will be 
confirmed not less than ten clear business days in advance of the relevant date. 
 
 
For further information, please contact: 
 
West China Cement Limited 
Po Ling Low, Tel: +86 139 1088 6649 
Anthony Schindler, Tel: +44 7710 1789 28 
 
NCB Stockbrokers Limited 
Christopher Caldwell, Tel: +44 20 7071 5200 
 
Citigate Dewe Rogerson Asia 
Pui Shan Lee 
Tel: +86 21 6340 4186 
 
Notes to Editors: 
 
West China Cement ("WCC" or the "Company") is a leading cement producer in 
China's Shaanxi Province. 
 
Headquartered in the provincial capital Xi'an, the Company has seven cement 
production lines located in Shaanxi Province, namely in Pucheng, Lantian (Line 1 
and 2), Xunyang (Ankang), Zhen'an (Xiushan), Danfeng (Longqiao) and Yangxian, 
with a total annual production capacity of 8.5 million tonnes as of 31st 
December 2009. All our production lines employ the advanced NSP technology. 
 
In order to meet the fast-growing market demand for cement products in the 
region, three new production lines in Mianxian, Pucheng and Xixiang are under 
construction, which will have a combined annual production capacity of 3.3 
million tonnes. 
 
WCC has been recognized as one of Forbes' "Famous Enterprises with Highest 
Growth Potential" in three consecutive years from 2006 to 2008 and recognised as 
one of Forbes' "Asia's 200 Best Companies with a Market Capitalisation Under 
US$1 billion" in 2009. 
 
WCC listed on the AIM market of the London Stock Exchange on 4 December 2006, 
raising approximately GBP20.1 million net of expenses. The Company's production 
capacity has expanded from 1.4 million tonnes prior to its AIM listing to over 8 
million tonnes in 2009. Its revenue has increased from RMB 0.3 billion in 2006 
to more than RMB 1.5 billion in 2009. 
 
It is against this background that the Board has decided to list the Company on 
the Main Board of the Hong Kong Stock Exchange (HKEx). It is expected that the 
Listing on the HKEx may take place on or around 24 May 2010, subject to approval 
of the listing sub-committee of the board of directors of the HKEx. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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