Wednesday, March 9, 2011

China Shuangji Cement opens new cement plant in Zhaoyuan City

China Shuangji Cement, Ltd. has recently held an opening ceremony for its new 1,000,000 metric ton cement plant in Zhaoyuan City and has started to ramp up production. The official ribbon cutting was attended by local dignitaries including Zhaoyuan City Mayor Mr. Wei Zhang and Party Secretary Mr. Shaoning Xu as well as China Shuangji's employees, suppliers, customers, and other industry officials.

China Shuangji's new Zhaoyuan City cement plant, which is located approximately five miles from the Company's former facility, has direct access to a new highway that leads to many of its customers and to nearby ports for transportation. The new facility is equipped with modern production lines as well as advanced testing equipment. Once operating at full capacity, the Company expects its Zhaoyuan City cement facility will increase its production capacity by approximately 66% to 2,500,000 MT per year. As a result, the Company expects that its revenue run rate and profit will be approximately 66% higher than it is currently.

"On behalf of China Shuangji Cement's shareholders, employees, customers and suppliers, I would like to thank Mayor Wei Zhang and Party Secretary Shaoning Xu and all the other local government representatives who helped make completion of this project a reality. I would also like to especially thank Mr. Jiping Wen, the individual investor who loaned us $3.7 million to complete our purchases and installations of state-of-the-art cement manufacturing equipment," said Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd.

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