SINOMA accelerates southwest expansion with Taiwan Cement

China National Materials Group Corporation Ltd (SINOMA) and Taiwan Cement Corporation recently inked agreement in Hong Kong for strategic cooperation.

Both sides will exchange information, boost regional production capacity, share technology and experience, make full advantage of Taiwan Cement's involvement in waste treatment, green mining and exploration, CO2 capture, micro-algae carbon fixation and development of a green cement industry.

Besides, they will also share products and service, lower production costs, create competitiveness and jointly expand in international market.

Southwest Cement under SINOMA and TCC International Holdings Ltd under Taiwan Cement will declare some equity deals in a bid to consolidate southwest market, improve regional profitability and lower price pressure in east China in 2013.