Irish CRH plc, the world' second largest building material group, said on Thursday it has completed the acquisition of a 26 percent stake in Jilin Yatai Group's cement operations (Yatai Cement) for 2.13 billion yuan (US$311 million).
Yatai Cement's operations comprise four integrated cement plants and four separate grinding stations in Jilin and Heilongjiang provinces in Northeast China.
Shanghai-listed Yatai Group is the largest cement maker in Northeast China, with an annual production capacity of 14 million tons.
The Irish building material giant bought a cement factory in Northeast China's Heilong province in 2006.
(China Daily January 9, 2009)