Sichuan Golden Summit (Group) Joint-Stock Co., Ltd (China)

The company is a large cement manufacturer in China, cement production was once champion in Sichuan region and the regional dominance is quite prominent. Annual production capacity of the leading product Portland cement is 2.3 million tons, annual production of commercial concrete is 200,000 cubic meters. "Emei" brand products include ordinary Portland cement of various types covering strength grade 32.5-52.5 and are national inspection-free products. The company has signed purchase and sale contract with Ertan Hydropower Development Co., Ltd. to supply 1.06 million tons heat Portland cement for Yalong River Jinping Grade I Hydropower Station project from August 2008 to June 2013 with contract value more than RMB470 million. The deal is expected to bring RMB50 million net profit. Prior to this, the company has singed supply contracts with Ertang Company, State Power, Chengdu Metro etc. to supply a total of more than 1 million tons of cement. By the end of 2008, cement production of the company reached 10 million tons. The company has contributed part of fixed assets and land use rights of No.2 Emei Cement Plant as capital to Sichuan Golden Summit (Group) Emeishan Special Cement Co., Ltd. to realize the cooperation with U.S. Olympus Capital Holdings (Asia) Co., Ltd. as preparation for the future introduction of Olympus Capital.