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Information of Shareholders of the JV

Asia Cement (Singapore) Pte Ltd (the holding company of Oriental Concrete Pte Ltd) and Supermix Concrete Pte Ltd (a subsidiary of Malayan Cement Berhad) have set up a equal-shareholding joint venture (the JV) to produce and sell ready-mix concrete in Singapore. The strategic alliance through the establishment of the JV will strengthen the partners’ positions in the ready mixed concrete industry and their up stream cement business in Singapore.

Through the integration exercise, the JV will have the best plant network in the market to serve its customers better with additional plants available for future growth. The competitive cost in the JV’s cement terminals, lower over heads and improved cost structure resulting from the merger due to the JV’s size, efficiency and a superior plant network will further enhance the JV’s competitive edge in the industry.

Responding to the Taiwan government’s second four-year economic development plan, Asia Cement Corporation (ACC) was founded on March 21, 1957 by Mr. Y.Z. Hsu and others. It built its first manufacturing plant in Hengshan Township, Hsinchu County. In 1973, in response to the government’s call to develop eastern Taiwan, the company established its second plant in Hsincheng Township, Hualien County. Asia Cement and its “Skyscraper” brand cement has always occupied the core position in Taiwan’s cement business. For now, these two plants can produce 5 million tons of clinker annually.

The Company uses the most modern rotary kilns and introduced a waste-heat recycling generator to transform waste heat and hot air into electricity. In addition, for lower cement transportation costs, Asia Cement established storage and transportation facilities in the Keelung, Taichung, Kaohsiung, and Hualien harbor. It also invested in the Group’s U-Ming Marine Transport Co., Ltd., and began using U-Ming’s bulk carriers to transport cement around Taiwan. The Company’s “Three Highs and One Low” strategy, high quality, high efficiency, high environmental protection, and low cost, along with its management capability, have given the company the competitive edge to efficiently face challenges in the market. 

The Company believes that economic growth and environmental protection can be achieved in parallel. The company not only deployed eco-friendly equipment, but also made it a priority to re-plant vegetation in the mining areas. Now, with abundant foliage, the plant has been transformed into a beautiful park. In addition to the first certification of ISO-14001 Environmental Management Systems in Taiwan, the Hualien plant received three “Environmental Protection Award” for three consecutive years, and thus was awarded a special honor in 1998. This has set the benchmark in Taiwan’s cement industry, thus making Asia Cement a model business for both economic development and environmental protection.

Besides establishing its core business, it also diversified its investment by establishing Ya Tung Ready Mixed Concrete Co., Ltd. and Ya Li Precast & Prestressed Concrete Industries Ltd. Together with Far Eastern Construction Co., Ltd. and Far Eastern General Contractor Co., Inc., Asia Cement completed its vertical integration.

ACC’s diversification strategic layout for the world not only includes the complete production and sales channels in Taiwan, it also has representative offices in Hong Kong and Singapore. Furthermore, it is also expanding into the world market, exporting cement to North America, Africa, the Middle East and Southeast Asia. Meanwhile, Asia Cement was the first Taiwanese companies to invest in Chinese cement business in 1995. Currently, with the production and sale bases in Jiangxi, Sichuan, Hubei, Yangzhou, and Shanghai, the total cement production capacity in China reaches 22.4 million tons. Asia Cement (China) Holdings Corporation has listed on the Main Board of the Hong Kong Stock Exchange in 2008. Asia Cement (China) Holdings Corporation will continue expand capacity through self-built of new production line or merger & acquisition. In the future, Asia Cement will keep maintaining its deep roots in Taiwan and continue moving forward by expanding in China and worldwide.

Malayan Cement Berhad (MCB) is the leading cement and building materials group in Malaysia. Through its subsidiaries, the MCB Group is involved in the production, manufacturing, and trading of a myriad of high-quality building materials used in construction projects of various sizes. These include cement, clinker, and ready-mixed concrete. Listed on Bursa Malaysia since 1961, MCB is now the largest cement producer in the country. It operates four integrated cement plants – in Langkawi, Kanthan, Padang Rengas, and Bukit Sagu. A fifth, the 71-year old plant in Rawang, is undergoing planned refurbishments. The Group also operates four grinding stations, three cement terminal facilities, two cement depots, more than 70 ready-mixed concrete batching plants, two drymix plants, and three aggregate quarries throughout Peninsular Malaysia.

MCB has a proven track record in supplying to, and delivering on, technically sophisticated projects. MCB has a fleet of over 1,500 trucks travelling over 120,000 km every day, enabling it to fulfil customer needs throughout Peninsular Malaysia. It also operates the Construction Development Lab, its research and development facility dedicated to developing customised cement and concrete solutions.

Find out more on ytlcement.com.