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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

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Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

December 02, 2009

Taiwan Cement to Acquire Capacities of Prosperity Minerals in China

Taipei, Dec. 1, 2009 (CENS)--Taiwan Cement, Taiwan`s leading cement maker, announced yesterday (Nov. 30) its acquisition of Prosperity Minerals Holding Limited`s capacities in China, reaching 16 million metric tons annually, at HK$4 billion (around NT$16.6 billion, or US$519 million) via its Hong Kong subsidiary TCC International Holdings.

The deal includes four kilns owned by Prosperity in Anhui Conch Cement, China`s leading cement maker, and will enable Taiwan Cement to overtake Conch and become the largest cement supplier in southern China.

The deal echoes a recent remark made by Leslie Koo, chairman of Taiwan Cement, that the company will expand its Chinese operation via cooperation with other enterprises, as the Chinese government has banned the construction of new cement kilns.

TCC International has signed a memorandum of understanding on the deal with Prosperity and both sides are slated to sign the final agreement by Dec. 31.

Edward Huang, senior vice president of Taiwan Cement, pointed out that TCC International will buy out all of the existing five kilns owned by Prosperity in China, including four in Yingde of Guangdong (under the auspices of Conch but actually invested by Prosperity via its long-term partnership with Conch) and one in Yunnan, with total capacities amounting to 10 million metric tons a year, as well as three kilns under construction, located in Chongqing, Guiyang, and Liaoning, respectively, with total capacities reaching 6 million metric tons. The deal will enable Taiwan Cement to extend its reach to southwestern, western, and northeast China, breaking its existing confinement to southern China.

The deal will boost Taiwan Cement`s total capacities in China to over 40 million metric tons a year, up from 24.5 million now, for over 30% share of the southern Chinese market, higher than Conch, and consolidate its fourth-place ranking in entire China.

(by Philip Liu)

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