Taiheiyo Cement, the country’s largest cement manufacturer, announced it will suspend production at three plants, including one at Saiki, Oita Prefecture, until September. It’s the first time the company has taken this step since it liquidated a subsidiary in March 2004. The company says the prolonged economic downturn has resulted in stagnant cement demand.
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- Taiheiyo Cement to Suspend Production at Saiki Plant