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Cement-maker scouts diversification avenues

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Cement-maker TCC International Holdings is looking to explore the mainland and Hong Kong information technology (IT) markets to expand its diversification strategy.

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Managing director Wu Yih-chin said the company would apply Taiwan's broadband Internet access technology to markets in the mainland and Hong Kong.

' IT development in the mainland is expected to accelerate after the country's accession to the World Trade Organisation,' Mr Wu said.

TCC recently acquired a 10 per cent stake in Taiwan's second-largest mobile-phone operator, KG Telecommunications, and a controlling 51 per cent interest in a Taiwanese interactive multimedia solution provider Onemore.com.

Mr Wu said TCC was interested only in IT infrastructure projects - such as cable TV network, satellite and telecommunication. The company was seeking to invest in two to three more IT-related projects this year.

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Mr Wu said the initiative of newly elected Taiwan President, Chen Shui-bian to form direct trade links with the mainland should smooth the way for Taiwanese investment there.

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