EnGro Corporation

EnGro Corporation: 80%-subsidiary EnGro (Asia) (EAPL) entered JV with Qingdao Iron & Steel Group (QDIS) to subscribe for 43% equity in Qingdao Evergreen Materials & Technologies (QEMT) for a two-phase project with an expected cost of Rmb500m. At the initial stage, EAPL will inject Rmb27.5m into QEMT and finance the remaining Rmb132.5m to build a 1.2m tons per annum (tpa) granulated blast furnace slag (GGBS) manufacturing plant with a 0.5m tpa steel slag pre-treatment facility. The second phase includes capacity expansion of the GGBS mill and steel slag facility, as well as capability improvement through a nanotechnology R&D centre. The GGBS plant will be located at QDIS’s steel manufacturing complex at Qingdao-Dongjiakou port- potentially the world’s largest deep-water port, slated for operations in 1H15.