Taiwan Cement Corporation, Taiwan’s largest cement producer, is evaluating setting up a cement plant in Shaoguan of Guangdong province, China, to further deploy in that lucrative market. The firm is expected to invest at least three billion renminbi to build the plant.
A few days earlier, Taiwan Cement chairman Leslie Koo visited Shaoguan to study the feasibility of the plant construction. If the project is materialized, Taiwan Cement will aim for an annual production capacity of nine million metric tons.
According to Taiwan Cement’s plan, the company will see its market share climb to 30% in 2012 from present 20%, making it solidly the largest cement producer in southern China.
Taiwan Cement vice president Huang Chien-chiang said his company has been seeking new investment opportunities in southern China over the past several years.
The proposed Shaoguan plant would be Taiwan Cement’s fourth in China.
Besides Taiwan Cement is also seeking new sites to locate cement-grinding plants in China, possibly in Dongguan and Foshan of Guangdong province.