After investigation and in-depth negotiation with many cement building materials enterprises in China, CRH Castle Building Materials Group acquired Heilongjiang Xiaoling Cement Co., Ltd. on June 2006 10 and 10. In June 5438 +2008 10, CRH China Northeast Cement Investment Co., Ltd. signed a merger and acquisition contract with Jilin Yatai Group, and CRH acquired 26% equity of Jilin Yatai Group Cement Investment Company for 265,438 yuan+300 million yuan. And reserve the right to continue to buy 23% shares at a price of 2 billion within 4-6 years after the agreement comes into effect in the transfer agreement. The joint venture company deals in investment in cement, clinker, cement products, plastic woven bags, limestone and marble mining and related industries, and provides management, marketing, technology, procurement, research, development and consulting services.
At present, European products are sold to China, which has been in operation for two years now, but the sales volume has increased rapidly, with the goal of importing German products for local production. Now there are distribution companies in Beijing, Shanghai, Guangzhou and Chengdu; The way is retail and full-line distribution, hoping to distribute in the future; There are also plans to purchase in China in the future.
The strategic planning of CRH Company is to expand all business scope to China, actively participate in local activities, share development achievements with the local area, bring CRH's technology and professional knowledge, development and management concepts and strengthen corporate social responsibility to the local area, and create value for CRH and China building materials manufacturing industry.