MOSCOW, May 19 (RIA Novosti) – Chinese construction giant China Triumph and energy leader Sinopec Corp. will join Russian uranium holding Atomredmetzoloto (ARMZ) in building a cement plant in the Russian city of Krasnokamensk near the Chinese border, ARMZ announced Monday.
The plant, with a 1,000-ton daily capacity, will be part of a mining cluster planned in the Transbaikal region, with a resource base at the Ust-Borzinskoye limestone reserve and Urtuisky coal strip mine. Both sites belong to Russia's largest uranium miner, Priargunsky Mining and Chemical Manufacturing Association, part of the ARMZ holding.
ARMZ is owned by Russian state nuclear corporation Rosatom.
China Triumph International Engineering Co., Ltd. is the world's second largest complex construction material manufacturer with $43 billion in revenue last year.
Sinopec Corp. is China's largest energy and chemical company, which owns 400 cement plants around the world with a total yearly output of 400 million tons.
