Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

West China Cement (WCC)

  Print      Mail a friend       Annual reports

Tuesday 31 March, 2009

West China Cement

Approval of Two New Plants

RNS Number : 7594P
West China Cement Limited
31 March 2009

West China Cement Limited ('WCC')

Approval of Two New Plants

The directors of West China Cement (the 'Board'), the AIM listed cement production and sales company located in Shaanxi province, China, are pleased to announce that they have approved the building of two new cement plants, each with a capacity of 1 million tonnes per annum in the South West of Shaanxi province. 

The Yangxian and Mianxian projects are expected to have a combined cost of RMB 763 million. Completion of the Yangxian and Mianxian plants is provisionally scheduled for Q2 2010 and Q3 2010 respectively, following which, WCC's total capacity is expected to be approximately 7.3 million tonnesa 38% increase from the current annual capacity of 5.3 million tonnes 

The company's 1.8 million tonne Ankang project in the southeast of the province started producing clinker earlier this year and producing and selling cement in March. It is expected to achieve full capacity in the second half of 2009

Commenting on the approval to build the plants, Robbie Robertson, WCC's Chairman said: 

'The completion of the Ankang project, together with the solid 2008 results announced today, and a continuing robust market, all give us the confidence to proceed with these two projects, which have been in preparation for several months. They will take us significantly forward in becoming a regional champion in Shaanxi province. The Company has long recognised the opportunity to grow in this province, based on the expected massive government spending on infrastructure. We believe the announcement by the PRC Government of its RMB 4 trillion fiscal stimulus package clearly underlines that developing the infrastructure in the province and rebuilding in the wake of the earthquake are key to the government's strategy. There are few opportunities in the world to grow a business, comparable to those related to infrastructure, in the middle of China.' 

The two new plants, located either side of the city of Hanzhong, are strategically placed to supply the rail and road projects and the rebuilding programme not only in southwest Shaanxi, but also in neighbouring Sichuan and Gansu. It is the Board's current intention to finance the projects through a combination of internal cash flow and local bank borrowings. 

Also commenting on the projects, WCC's Chief Executive Officer Jimin Zhang said: 

'These projects come on the back of robust demand. After seasonal slowdown in the cold winter and Chinese New Year break in January, construction has resumed and we have seen an increase in sales volume since mid February 2009. The demand is driven by high cement consumption firstly in the region after the May 2008 earthquake in Sichuan and secondly, from the robust public funding projects. In addition, our selling price remains high compared to the average in 2008.

We believe this opportunity in Shaanxi province is exceptional, particularly in today's world, and we are excited to be in a position to grow our business at this time and benefit from the government's spending on infrastructure.'

For further information, please contact:

West China Cement Limited        

Robert Robertson                                Tel: + 44 118 974 4636

NCB Stockbrokers Lt

Christopher Caldwell / Emma Brewer    Tel: + 44 20 7071 5200

Citigate Dewe Rogerson

Pui Shan Lee                                      Tel: + 86 21 6340 4186 / Mob: + 86 138 1712 5781

                                                          [email protected] 

Susanna Gale                                     Tel: + 852 2533 4607 / Mob: + 852 9457 4356

                                                          [email protected] 

Notes to Editors:

West China Cement listed on the AIM market of the London Stock Exchange on 4 December 2006, raising approximately £20.1 million net of expenses

Prior to the listing, the Company, which is headquartered in Xi'an the provincial capital of Shaanxi Provincehad operated three cement production plants in Pucheng with a combined production capacity of 1.5 million tonnes per annum since 2003. 

In order to service the growing demand for cement in the region, a new plant running two cement production lines, funded by money raised at the IPO, opened in Lantian in 2007 and has a production capacity of 2 million tonnes. 

The company's 1.8 million tonne third plant at Ankang started producing and selling cement in March 2009 and is expected to reach full capacity in the second half of 2009

Approval for the building of two new cement plants, Yangxian and Mianxian, each with a capacity of 1 million tonnes per annum, was announced today. With the massive government spend on infrastructure as part of the RMB 4 trillion fiscal stimulus package and the need to rebuild in the wake of the Sichuan earthquake which occurred in this area, the Company has chosen the appropriate  location to build these latest projects. 

This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t