GKE Corp to invest 48m yuan to build China cement plant
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LOGISTICS solutions company GKE Corp said its wholly owned subsidiary, Wuzhou Xing Jian Readymix Co (Wuzhou), will invest 48 million yuan (S$9.7 million) to construct a ready-mix cement plant in Cenxi City, China.
Wuzhou, which manufactures and supplies ready-mix cement products, entered into the construction agreement with the municipal government of Cenxi City on April 25, 2019, said GKE in a statement on Monday.
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