Taiwan Cement invests

Taiwan Cement invests
Published: 07 April 2004

Taiwan Cement Corp said the company invested 117.7 mln yuan (approx US$14m) yesterday in China-based Xuzhou Conch Cement, which was capitalized at 130 mln yuan ahead of the injection. To date, the company has invested a cumulative US$22.15m in the project, against the US$55.4m for which it has secured regulatory approval in Taiwan, it said in a filing to the Taiwan Stock Exchange.