OREANDA-NEWS. December 14, 2012. Taiheiyo Cement Corporation announced today that, its Chinese Subsidiary, Taiheiyo Cement (China) Investment Corporation, has signed JV agreement with Xinjiang Tianye (Group) Co., Ltd.(hereinafter “Tianye”) in Beijing.

Both companies agreed to establish the joint venture “Xinjiang Tianye Taiheiyo Building Material Co.,Ltd.(hereinafter “TTBM”) in Xinjiang Uygur Autonomous Prefecture, PRC.

TTBM will produce ordinary portland cement, blended cement and special cement, such as moderate heat cement. TTBM will utilize quicklime dust and “lower-quality” limestone which cannot be used for quicklime production. Both of them are currently generated in the Tianye’s subsidiary neighboring at TTBM.

Profile of TTBM

Company name Xinjiang Tianye Taiheiyo Building Material Co.,Ltd.
(tentative)

Location Jinghe County, Bortala Mongol Autonomous Prefecture,
Xinjiang Uygur Autonomous Prefecture, PRC.

Total Investment 625 million RMB (approx. 8.1 billion JPY)

Capital 312 million RMB (approx. 4.1 billion JPY)

Ownership Taiheiyo Cement (China) Investment Co.,Ltd. (40%)
Xinjiang Tianye (Group) Co., Ltd. (60%)

Production item and capacity ordinary portland cement, blended cement, special cement 1.2 million ton/year

Mass production start November, 2014 (planned)