September 5 -- Gansu Qilianshan Cement Group (600720) intends to invest 1.456 billion yuan to expand capacity and to integrate its business in the Gansu, Qinghai and Tibet regions, reports Shanghai Securities News, citing a company filing.

The company will invest 501 million yuan to add a new type dry process cement production facility in Zhangxian, Gansu province, in order to meet local demand.

The cement maker will invest 885 million yuan to build a 7.5-megawatt pure low temperature waste heat power generation plant for its cement production facilities in Wuwei, Gansu province.

In addition, Qilianshan Cement will construct a concrete batching plant, with annual capacity of 600,000 m3 cement for 34.38 million yuan, in Dingxi, Gansu province.

A wholly-controlled subsidiary of the firm plans to invest 36.47 million yuan in a preblend project, with annual capacity of 600,000 tons of cement.

According to the company, there are huge opportunities in Gansu and Qinghai provinces as the government is encouraging development in those areas.