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| CRH purchases shareholding in Yatai Cement, China Irish building materials company CRH plc announces completion of its acquisition of a 26% shareholding in the Jilin Yatai Group's cement operations (Yatai Cement), for RMB 2.1 billion (euro 224 million). Yatai Cement's operations comprise 4 integrated cement plants and 4 separate grinding stations in Jilin and Heilongjiang provinces in north eastern China, with a current cement capacity of 14 million tonnes per annum. The group's major investment programme is well advanced and is expected to be completed in late 2009 when cement capacity will increase to 18 million tonnes per annum. Yatai Cement is the leading player in the north eastern provinces and is a top-10 cement supplier in China. write your comments about the article :: © 2009 Construction News :: home page |