Chinese cement company Yantai Baoqiao Jinhong has signed an MoU with the Punjab government to establish a US$350 million cement plant in Salt Range. The plant will be built with modern, environmentally friendly Chinese technology.
Punjab’s Chief Minister Muhammad Shehbaz Sharif attended the signing ceremony and spoke of his hopes that more Chinese investment will enter the region and that Punjab will benefit from Chinese technology in other industry sectors.
China is investing billions of dollars in Pakistan in the fields of energy, infrastructure, industry and other sectors.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/19082015/chinese-cement-company-invests-in-punjab-404/
