Irish building material giant CRH plc has announced completion of its acquisition of a 26% shareholding in the Jilin Yatai Group's cement operations (Yatai Cement).

The deal was made for RMB 2.1bn (€224m), details of which were unveiled in 30 January last year.

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Yatai Cement's operations comprise four integrated cement plants and four separate grinding stations in Jilin and Heilongjiang provinces in north eastern China, with a current cement capacity of 14 million tonnes per annum.

The group's major investment programme is well advanced and is expected to be completed in late 2009 when cement capacity will increase to 18 million tonnes per annum.

Yatai Cement is the leading player in the north eastern provinces and is a top-10 cement supplier in China.

(PR)(BMcC)