According to the announcement, the scope of the contract between CITIC Heavy Industries and Siam Cement covers the cement production line and auxiliary works, i.e., the turnkey contractor shall undertake the design, manufacturing, supply, installation, construction, technical service and training for the 5,000 t/d cement production line in accordance with the terms and conditions stipulated in the contract.

It is reported that Siam Cement, founded in 1913, is Thailand's largest cement producer and a listed company. The group's core businesses include five sectors: chemicals, paper, cement, building materials and trading. Its cement business spans Thailand, Laos, Cambodia, Indonesia and Vietnam in Southeast Asia, giving it an important position in the region. Previously, CITIC Heavy Industries had signed an EPC turnkey contract with Siam Cement for a 2,500 t/d cement production line project of Kampot Cement Co., Ltd. in Cambodia.

CITIC Heavy Industries stated in the announcement that this contract will provide strong performance support for the company's further expansion into the Southeast Asian cement market; meanwhile, the contract amount accounts for more than 10% of the company's audited total operating revenue for 2012, and the signing and smooth implementation of the contract will have a positive impact on the company's future operating performance.