China Resources Cement (CRC) has agreed to acquire a 100 per cent equity interest in Hainan Wuzhishan Dajiangnan Cement Ltd.

Hainan Wuzhishan Dajiangnan Cement operates a 0.6Mta grinding plant in Maoyang Town, Wuzhishan City, Hainan Province. CRC said it believes the acquisition will expand the strategic locations of its business and increase its presence in the Hainan market in south China.