April 16, HONG KONG, (XFN-ASIA) - China National Materials Co Ltd (Sinoma, 1893.HK) said its unit, Sinoma Cement Co Ltd, plans to build two cement production lines in the eastern province of Jiangxi for a total cost of 1 bln yuan.

The mainland-based construction materials supplier said Sinoma Cement will set up a joint venture with Jiangxi Zhengda Cement Co Ltd to pursue the project.

The two cement production lines will have a daily production capacity of approximately 4,500 tons each.

Sinoma did not indicate Sinoma Cement's stakeholding in the project.

At 11.50 am, shares of Sinoma were trading up 0.22 hkd or 3.49 pct at 6.52.