According to local press reports, Taiwan Cement Corp. plans to acquire China’s Sichuan Railway Group Cement Co. The purchase, which is said to be worth approximately 675.9 million yuan (US$110 million), will take place via the group’s Hong Kong-based subsidiary TCC International Holdings Ltd.

The acquisition will enable Taiwan Cement to further increase its presence in China, adding around 2 million tpa to the group’s production capacity.

In the first nine months of 2014, cement output in China improved by 3% y/y. However the rate of growth has shown signs of slowing, with cement output in September declining by 2.2% y/y to 224.15 million t.

Sources:

  • Forbes.
  • China Post.
  • Focus Taiwan.
  • Taipei Times.

Edited from various sources by