On February 28, Mr. Huang Shihua, chairman of COSCO Willie, signed a tripartite memorandum of intent within the bashkiria government. We also reported on the progress of our investment in the Russian Republic of bashkirtostan.

The following is the official news report of the Russian government.

The meeting finally decided to invest and build a factory in kumertao area. The company is elephant building materials Co., Ltd., which will build a fiber cement board production base with its own unique invention and technology.

Compared with similar products, such as heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation, heat insulation. The products are mainly used in the exterior wall, ceiling, partition wall, lining board, firewall and other parts of the building. Is a widely used multi-functional board, can replace gypsum board, wood board, marble. It is mainly used in civil and industrial buildings, such as hotels, shopping malls, office buildings, gymnasiums, art galleries, airports, subway stations and other buildings.

The annual production capacity of the planned Russian plant will reach 18 million square meters. The products are not only sold in Russia, but also exported to Europe, the Middle East and East Asia. Create a lot of jobs, foreign exchange and taxes for the local government.

At the same time, in his speech, Mr. Huang Shihua said that the planned investment amount is 2 billion rubles. It is planned that the first production line can be put into operation in 2020 and the second production line will be put into operation in 2021. After the normal operation of the fiber cement board project, a series of supporting products such as environmental protection and energy-saving brick factory and new tile factory will be established here.