Mitsubishi Materials to sell cement plant in China, exit market

Mitsubishi Materials agreed to sell its 66.67% stake in Yantai Mitsubishi Cement in Shandong to a China National Building Material affiliate, and will liquidate two cement admixture companies in Shandong and Jiangsu, as it withdraws from the Chinese cement market due to environmental regulations and oversupply.

“Mitsubishi Cement plans to pull out of the Chinese cement market as tighter environmental regulations take their toll”cemnet.com

• 1 source
• cemnet.comMitsubishi Materials withdraws from China market | CemNetICR NewsroomApr 18, 2017

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