Cement News tagged under: Shui On Cement

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Shui On Cement to be compensated for plant closure

23 July 2019, Published under Cement News

Hong Kong-based Socam Development said the Kaili government in Guizhou, China, is expected to compensate its subsidiary Shui On Cement with CNY171m (US$24.85m). The funds are to reimburse the costs and expenses related to the closure of its plant, which resulted from the central government's policy of phasing out of backward and energy-inefficient capacity, according to The Standard. The cement plant site will be redesignated for commercial and residential purposes. The Kaili government p...