Anhui Conch and Asia Cement sign strategic partnership deal

Anhui Conch and Taiwan producer Asia Cement have signed a strategic partnership to explore overseas markets and share expertise in environmentally-friendly technologies.

The two companies are yet to divulge the details of their planned co-operation. However, it is understood they will explore opportunities in sharing green technologies, management expertise, market and product expansion and cost control.

They will also tap possibilities for Anhui Conch to enter the Taiwan market and jointly invest in property projects using Anhui Conch's land reserves in over 200 places on the mainland and leverage the department store business of Far Eastern Group, Asia Cement's parent company, said executives from the two companies.

"We don't have much global experience and will learn from Asia Cement," Guo Wensan, the chairman of Anhui Conch said at a news briefing after the signing ceremony, referring to the latter's global sales networks in other Asian regions as well as America, Africa and the Middle East.

"It's very important to form strategic partnership as pressure from competition and cost rises," said Hsu Shu-tong, the chairman of Asia Cement, which is present in Hubei, Jiangxi and Sichuan provinces and is looking to expand further on the mainland.