Shree Cement’s China Trading Arm Approved via UAE Subsidiary

Shree Cement’s board of directors has given the green light to establish a trading subsidiary in China through its UAE-based intermediary. The new entity, named Shree International Trading (Shanghai) Limited, is set to focus on streamlining import and export operations for industrial machinery and equipment. This move aligns with the company’s strategic goal to enhance its presence in the industrial trade sector. The primary objective of Shree International Trading (Shanghai) Limited is to engage in the import, export, and trading of various goods, including machinery, equipment, industrial products, and environmental protection equipment. By creating a dedicated trading vehicle in China,…