Taiwan Cement Corp plans to build a new cement plant in the southwestern Chinese province of Sichuan, the Economic Daily News reported, citing company senior vice president Edward Huang.
The Sichuan plant is part of the company’s plan to increase its production lines in the mainland from 15 to 25.
Taiwan Cement has yet to decide on the details of its Sichuan site, the report added.
The ultimate goal is for its China operations to have a total annual capacity of 50Mt, the paper said.
It has also decided to set up two new production lines each in the provinces of Fujian, Guangdong and Guangxi. Each of the new lines will have 2Mta in capacity, the daily added.
Separately, the Commercial Times reported, without naming sources that the expansion of Taiwan Cement’s operations on the mainland will require and investment of at least USD1bn.