Huaxin Cement Wins Bid for Limestone Mine in Huangshi, Hubei

China: Huaxin Cement, through its subsidiary Huangshi Huaxin Guanggu Dong New Building Materials Co., Ltd., has successfully bid 1.43 billion yuan (143 million yuan) for a limestone mine in Huangshi, Hubei Province. The mine has a reserve exceeding 58 million tons and an annual production capacity of 5 million tons. The acquisition requires a one-time payment for the mining rights.

As of the end of 2023, Huaxin Cement has significantly expanded its operations. This new acquisition is a strategic move to enhance the company's raw material supply and production capabilities. The limestone mine in Huangshi is expected to play a crucial role in Huaxin Cement's supply chain, ensuring a steady supply of raw materials for cement production.

The investment in the limestone mine aligns with Huaxin Cement's growth strategy and commitment to strengthening its position in the cement industry. This development is also indicative of the company's focus on expanding its resource base to support its manufacturing and distribution network.

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