West China Cement buys stake in Shifeng Cement

West China Cement has agreed to acquire a 55% interest in Shaanxi Shifeng Cement at CNY401.5m. The company has been granted an option to acquire a 10 per cent interest in Shifeng Cement for CNY73m.

Shifeng Cement operates a 4500tpd clinker line with an annual capacity of 2Mta.