Taiwan’s Goldsun to expand production in China
Goldsun Construction & Development Corp., one of Taiwan`s leading producers of cement and concrete, will invest over TWD6.52bn (US$222m) to set up ready-mix concrete plants in China by the end of 2013, with half of the investment to be borrowed from banks.
At the start of 2011, the company will build a storage and transport centre on a BOT (build-operate-transfer) scheme in the Taipei Port region and a cement plant in Hunan Province, China.
An institutional investor estimated Goldsun would see an additional TWD150m in earnings from China in the fourth quarter of 2010. The company said it has already invest US$80m in the new cement plant in Hunan province and another US$80m will be invested in 2011. The Hunan cement plant is expected to begin mass production by the end of 2011. Published under Cement News
