China wants Taiheiyo plant closed

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China: Taiheiyo Cement Corp. has been ordered by the Chinese city of Nanjing to close a local production facility by the end of 2014 according to The Nikkei. Closing the Nanjing plant would reduce Taiheiyo Cement's Chinese cement output capacity by 30 - 40%.

Nanjing cited air pollution as the reason and issued the same mandate to local cement manufacturers as well. It has not said whether or not there will be any compensation. The Japanese firm has said that it will ask the city to reconsider. If Taiheiyo Cement does not follow the order, the local partner with which it has a joint venture will likely be punished, with those in charge to be dismissed from the company.


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