Taiwan Cement ups investment in Guangxi Province of China

Taiwan Cement ups investment in Guangxi Province of China
27 May 2009

Taiwan Cement Corporation, one of Taiwan’s leading producers, will invest US$100m to expand production capacity in Guangxi province of China, while trying to choose among three selected sites for its new plant.

Taiwan Cement currently is the largest Taiwanese-invested firm in Guangxi province. Leslie Koo, chairman of Taiwan Cement, said Guangxi province has great potential as the government has kicked off a massive plan to build the Beihai Economic Zone.

Since 2006, Taiwan Cement has entered Guangxi province to set up a plant with four kilns in Gueigang. Taiwan Cement executive vice president Huang Chien-chiang said cement demand in Guangxi province will grow yearly as the Guangxi provincial government is planning to build highways and high-speed railways totaling 3,000 kilometers.

The proposed Beihai Economic Zone will generate a demand for cement in Guangxi province with a growth of 20% yearly.

Taiwan Cement recently signed an agreement of cooperation with the Putien government of Fujian province to establishm a cement-grinding plant with annual capacity reaching 2Mt.
Published under Cement News