The Cyprus quarry association and the China Aggregates Association have signed a memorandum of cooperation, solidifying a joint effort to deepen ties in the aggregates sector.

The agreement was concluded during the ‘Building Bridges for the Future of the Aggregates Industry – Cyprus and China’ event, held under the auspices of the Cyprus Chamber of Commerce and Industry (Keve). 

According to the Cyprus association, the memorandum aims to “promote sustainable and innovative practices”, while also seeking to strengthen competitiveness and business extroversion.  

It added that the agreement is intended to encourage the exchange of know-how and technological progress, and to create new business and investment opportunities. 

At the same time, the association said the cooperation is “expected to contribute substantially to the sustainable development of the aggregates industry” and reinforce Cyprus’ presence on the international industrial and business map. 

Moreover, it noted that the partnership “strengthens the prospect of upgrading the aggregates industry in Cyprus” and should open new avenues for business development.  

The announcement further stated that “China, which produces almost 40 per cent of global aggregates, is viewed by the Cypriot side as a benchmark thanks to its environmental practices, modern technology and high health-and-safety standards.”