CRH Buys Into Jilin Yatai
Ireland's CRH Buildings Material Group has announced it will buy a 26 per cent stake in the cement division of Jilin Yatai cement division for RMB2.1 bn. The company will also hold an option to increase its holding to 49 per cent after four years. Yatai Cement comprises four integrated plants and two grinding stations in northeastern Jilin and Heilongjiang provinces, with an annual cement capacity of nine million tonnes. CRH previously acquired Harbin Sanling Cement Co, in February 2007.
Air China Plans Flights Despite Weather Chaos
Despite ongoing airport chaos – with delays yesterday of 10 hours or
more – throughout China, caused by heavy snow nationwide, Air China has announced plans to add 2,025 extra charter flights during the
upcoming Lunar New Year holiday. It plans to add 2,025 flights during China's most important annual holiday, from 23 January to 2 March. The
new flights will primarily focus on destinations in southern and western China, with some additional flights to international
destinations, such as Phuket, Siem Reap and Penang. The airline did not say whether the poor weather conditions will impact these expansion plans.
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