Chinese cement company invests in Punjab
Published by Katherine Guenioui,
Editor
World Cement,
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/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
