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News Jiangnan-Onoda Cement suspends operations

Jiangnan-Onoda Cement suspends operations

Written by Global Cement staff 28 February 2023
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China: Taiheiyo Cement subsidiary Jiangnan-Onoda Cement suspended its production and sale of cement on 28 February 2023. Its Japan-based parent company said that it decided to suspend operations due to the 'tougher competitive environment' in China. This came about due to other producers' capacity expansions and 'advances in technical capabilities.' The suspension is in line with Taiheiyo Cement's strategy for the construction of a new business portfolio in Asia, under which it plans to expand its footprint in Southeast Asia and develop its logistics network.

Last modified on 01 March 2023
Published in Global Cement News
Tagged under
  • Taiheiyo Cement
  • China
  • JiangnanOnoda Cement
  • Jiangnan
  • market
  • Competition
  • growth
  • Strategy
  • Association of Southeast Asian Nations
  • restructuring
  • Closure
  • Shutdown
  • Suspension
  • GCW597

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