China Shuangji Cement, Ltd. Begins Growth Phase

2010-10-06 20:49 1029

Increased Production and Sales to Come from its New Zhaoyuan City Cement Plant

ZHAOYUAN CITY, China, Oct. 6 /PRNewswire-Asia/ -- China Shuangji Cement, Ltd. (OTC Bulletin Board: CSGJ) ("China Shuangji" or the "Company"), a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People's Republic of China (PRC), announced today that it will soon begin rapidly growing sales and profits as its new Zhaoyuan City cement plant ramps up production.

As previously announced, China Shuangji expects that this new state-of-the-art cement plant will be operational by the end of the first week of October. This new cement plant in Zhaoyuan City, which is located approximately five miles from the Company's former facility, has a 1,000,000 metric ton capacity with direct access to a new highway that leads to many of China Shuangji's customers as well as to nearby ports. The Company currently produces about 1,500,000 MT of high-quality Portland cement from two facilities in Hainan province and one other facility in Shandong province. China Shuangji expects that its new Zhaoyuan cement plant will increase its production capacity by approximately 66% to 2,500,000 MT once it is fully operational, resulting in a commensurate increase in both sales and profits.

"Now that all the equipment is installed and operational, we are working to quickly ramp up cement production at our new Zhaoyuan City facility and bring it to full capacity by the end of the year," said Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd. "We continue to see growth in the building sector in China, especially where we operate in Shandong and Hainan provinces. Increasing demand is being driven by construction of new buildings, bridges and infrastructure, fueled by government incentives and also from organic growth throughout the areas in which we operate." Added Mr. Song, "We are very excited to be shifting into this new and exciting rapid growth mode and are confident that there will be more than enough demand to continue to absorb all of our new production. I want to thank all of our stakeholders for their patience and support including the government of Zhaoyuan City, our customers, employees, and our shareholders."

About China Shuangji Cement, Ltd.

China Shuangji Cement, Ltd. (OTC.BB: CSGJ - News), through its affiliates and controlled entities, is a leading producer of high-quality Portland cement in Shandong and Hainan Provinces. Its processed cement products are primarily purchased by contractors for the construction of buildings, roads, and other infrastructure projects. The Company currently produces approximately 1,500,000 tons of Portland cement annually from two facilities in Hainan and one facility in Shandong and it expects its output will increase by 1,000,000 tons to a total of 2,500,000 tons once the new Zhaoyuan (Shandong Province) plant and upgrades are completed. For more information about China Shuangji, please visit its corporate website at

Safe Harbor Statement

The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. In addition, please refer to the Risk Factor section of our 2009 Form 10-K filed with the Securities and Exchange Commission on April 15, 2010 and detailed in other reports filed with the Securities and Exchange Commission from time to time.

For more information, please contact:

Investor Relations Contact:  

Andrew Haag, Managing Partner, USA  

Hampton Growth, LLC  

Phone: +1-877-368-3566


Robert Haag, Managing Director, Asia

Hampton Growth, LLC

Phone: +86-152-2174-3282

Phone: +1-310-310-4842



Source: China Shuangji Cement, Ltd.
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