CRH takes 26% stake in Chinese cement firm

CRH has completed the purchase of a 26 per cent stake in Jilin Yatai's cement operations Yatai Cement for approximately €224 million.

The Irish buildings material giant said Yatai Cement is a leading player in north-eastern China and is in the top ten of cement suppliers in the country.

Yatai has four cement plants and four separate grinding stations with a capacity of 14 million tonnes per annum. This will increase to 18 million when a capacity increase is completed.