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2002-5-24 09:09:00 a.m. HKT, XFNA
Shanghai Allied to raise capacity in the next two years - Ng
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HONG KONG (AFX-ASIA) - Shanghai Allied Cement Ltd president and CEO Ng
Qing Hai said he plans to raise the company's production capacity in the next
two years through mergers, buying new stakes or leasing domestic production
lines.
Cited by the Hong Kong Economic Journal, Ng said he does not rule out the
possibility of acquiring state-owned cement plants.
Ng said the company expects cement turnover to reach 300 mln hkd this
year.
Meanwhile, ceramic tiles orders are expected to bring in orders of 20 mln
hkd from China and 20 mln from Hong Kong this year, he said.
wj/bmm
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