China’s Yantai Baoqiao Jinhong to build US$350mn Pakistan Salt Range cement plant

China's Yantai Baoqiao Jinhong has signed an MoU with the province of Punjab, Pakistan to build a new environmentally friendly cement plant in the Salt Range for US$350 million. Chief Minister Shahbaz Sharif says the agreement would not only create jobs but also facilitate technology transfer.
August 19, 2015 Read time: 1 min

China's Yantai Baoqiao Jinhong has signed an MoU with the province of Punjab, Pakistan to build a new environmentally friendly cement plant in the Salt Range for US$350 million. Chief Minister Shahbaz Sharif says the agreement would not only create jobs but also facilitate technology transfer.

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Pakistan’s biggest cement maker to get mine expansion permit

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Bloomberg reports that the company will get a limestone quarry for a cement plant in Punjab, and the local administration has approved the deal, said Arshad Mehmood, secretary for Punjab’s mines and minerals department. An agreement is expected to be signed in the next few days, he said.

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