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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. |
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| Major events in recent 5 years are shown as the following table: | |
Time |
Major events |
Mar.2006 |
The waste heat recycling generators of no.1 and no.2 kilns of Jiangxi Yadong Cement Co. began operation. |
Jun.2006 |
The appeal of extending the mining rights of the Hsinchu plant in Yushan quarry has been dismissed. |
Sep.2006 |
The no. 1 kiln of Sichuan Yadong Cement Co. began operation. |
Mar.2007 |
The Hualien Plant was awarded for the excellent performance in the project of "promoting green communities" by Environmental Protection Administration, Executive Yuan. |
Jun.2007 |
The waste heat recycling generators of no. 1 kiln of Sichuan Yadong Cement Co. began operation. |
Jul.2007 |
The no. 3 kiln of Jiangxi Yadong Cement Co. began operation. |
Aug.2007 |
The waste heat recycling generators of no.3 kiln of Jiangxi Yadong Cement Co. began operation. |
May.2008 |
The Jiangxi Yadong Cement Co. passed OHSMS 18000 Occupational Health and Safety Management System. |
May.2008 |
Asia Cement (China) Holdings Corporation was listed on the Main Board of The Stock Exchange of Hong Kong Limited. |
Jul.2008 |
The grinding factory of YangZhou Yadong Cement Co. began operation. |
Dec.2008 |
The no.2 kiln of Sichuan Yadong Cement Co. began operation. |
Dec.2008 |
The Hualien Plant was awarded “First National ISO 14064 Greenhouse Gas Assessment” by the Bureau of Standards, Metrology and Inspection, M.O.E.A. |
Feb.2009 |
Sichuan Yadong Cement Co. completed a 12.58 kilometer-long belt conveyor and began operation. |
Feb.2009 |
The waste heat recycling generators of No.2 kiln of Sichuan Yadong Cement Co. began operation. |
Feb.2009 |
The Hualien Plant was the first plant awarded “TOSHMS: 2007 Taiwan Occupational Safety and Health Management Systems” in cement industry. |
Mar.2009 |
The No.1 kiln of Hubei Yadong Cement Co. began operation. |
Jul.2009 |
The Hualien Plant was awarded “ISO 9001: 2008 International Quality Management System Standard” by the Bureau of Standards, Metrology and Inspection, M.O.E.A. |
Nov.2009 |
The Hualien Plant was awarded “2009 Excellent Company for Voluntary Reduction of Greenhouse Gas Emissions” by the Industrial Development Bureau, MOEA. |
Dec.2009 |
The Hualien Plant was the first plant awarded “ISO 27001: 2005 Information security management systems” in building material industry. |
Mar.2010 |
The no.3 kiln of Sichuan Yadong Cement Co. began operation. |
Apr.2010 |
The waste heat recycling generators of no.3 kiln of Sichuan Yadong Cement Co. began operation. |
May 2010 |
The no.1 kiln of Huanggang Yadong Cement Co. began operation. |
May 2010 |
The no.4 kiln of Jiangxi Yadong Cement Co. began operation. |
Jul.2010 |
ACC (China) acquired 70% shares of Wuhan XinLingYun Engineering Co. |
Oct.2010 |
The no.2 kiln of Hubei Yadong Cement Co. began operation. |
Mar.2011 |
The Hualien Plant was awarded “Excellent Company for Hiring Indigenous People” by Council of Indigenous People, Executive Yuan. |
During the most recent fiscal year and the current fiscal year up to the date of printing of the annual report, there are no important events listed below impacting on the shareholders' equity of the Company:
- Mergers and acquisitions.
- To restructure the Company's affiliates.
- Large volume shares transferred or changed by directors, supervisors, or shareholders who own more than 10% shareholding.
- Changes in the Company's management.
- Major changes in modes of business operation and business scope.
