ANHUI, China, Jan. 5, 2009 (GLOBE NEWSWIRE) -- China Runji Cement Inc. (OTCBB:CRJI) ("CRJI" or "the Company"), a leading producer and distributor of cement in Anhui Province of China, is pleased to announce that the waste heat power generator of the Company has started the architectural construction and equipment installation following the completion of groundwork foundation and switch board room in December 2008.
The recent commencement of architectural construction and equipment installment in the waste heat power generator will be completed by April 2009.
CRJI's waste heat power generator will generate electric power to support the existing cement production lines of the Company by recycling use of the heat generated by the cement production lines themselves. Designed to generate 70m kWh per year, the generator is able to reduce the Company's annual electricity costs by $4.6 million and increase profitability on top of our impressive 2008 figures.
"We are very delighted to see the progress in the civil construction of our waste heat power generator following the completed groundwork foundation," Runji Chairman and CEO, Mr. Zhao Shouren stated. "We are always making efforts to improve our profitability and create green production conditions. Being an attempt to reduce heat pollution, our waste heat power generator will be able to cover 40% of electricity demand of our two existing cement production lines. It will not only reduce our overall production costs, but also reduce our reliance on the external electric supply. Overall, the completion of our waste heat power generator will greatly strengthen our competitive advantages and provide a tremendous platform for Runji's expansion."
About China Runji Cement Inc.
Founded in 2003, China Runji Cement, Inc. is one of the leading players in cement production and distribution. The Company's certified manufacturing facilities which contain cutting-edge technology and advanced equipment are capable of producing as much as 2 million tons of cement annually. Furthermore, the Company's solid distribution network and customer-orientated services have earned Runji's products a superior reputation among its customers. Headquartered in Anhui Province, the Company's markets include major local cities such as Hefei, Nanjing, and Liu'an.
For more information on the Company and its products, please visit www.chinarunji.com.