Chia Hsin Cement speeds up terminal expansion
Chia Hsin Cement Greater China Holding Corporation is going to build a shipping terminal for cement transportation in China. The terminal is located in the Yangtze River Delta and will support Chia Hsin Cement’s cement export business.
Chia Hsin Cement plans to invest US$20m in the terminal expansion. It needs to speed up construction and expansion of ports before the mainland Chinese authority tightens port projects. Chia Hsin Cement will have an annual port handling capacity of 8Mt of cement following the expansion.
In export sales, with the Chinese government eliminating the export tax rebate on cement in the next three years, Chia Hsin Cement will gradually shift the cost to customers. In the first half of 2006, the mainland Chinese cement industry exported 17.56Mt of cement and clinker-free cement overseas, up 125.3% from the same time last year. The cements are exported to overseas markets like Spain, the US, and the United Arab. Of the 17.56Mt of cement exported, Chia Hsin Cement had a 7% market share. Published under Cement News
