Gansu Qilianshan to invest Kyrgyzstan project

Gansu Qilianshan Cement and 8th Metallurgical Corporation signed a memo with JBK on joint construction of a cement production line project in Osh, Kyrgyzstan.

The three parties plan to jointly spend US$130m building the cement production line project in southern Kyrgyzstan. The Chinese and Kyrgyzstan sides hold 80 per cent and 20 per cent of the project respectively. (Source: SinoCast Construction & Real Estate Beat)