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TAIHEIYO CEMENT CORP Ordered to Shut Nanjing Plant - Nikkei


Wednesday, 14 Aug 2013 10:47am EDT 

Nikkei reported that Taiheiyo Cement Corp has been ordered by the Chinese city of Nanjing to close a local production facility by the end of next year. Shuttering the Nanjing plant would reduce Taiheiyo Cement's Chinese output capacity by 30%-40%. The Company will ask the city to reconsider. The city cited air pollution as the reason and issued the same mandate to local cement manufacturers as well. It has not said whether there will be any compensation. 

Company Quote

367.0
-1.0 -0.27%
31 Mar 2015