Taiwan Cement Corp has decided to invest US$135m to double capacity at its plant in China’s Jiangsu province to 4.5Mt by the end of next year, the Commercial Times reported, citing unnamed company officials.
 
The plant suffered a loss last year as cement price was low at CNY245/t, the paper noted .
 
But demand has boosted the price to over CNY270/t now, and the plant swung to profit in the first quarter to March, it said.
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