China wants Taiheiyo plant closed

Print this page

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.

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://www.globalcement.com/news/item/1883-china-wants-taiheiyo-plant-closed

© 2024 Pro Global Media Ltd. All rights reserved.