Mixed results for two leading Taiwanese cement producers

Mixed results for two leading Taiwanese cement producers
Published: 13 December 2011

Taiwan Cement Corp, the No. 1 cement maker in Taiwan, scored combined revenues of NT$5.68bn (US$189.33m) in November, down 9.92% from October, while and Asia Cement Corp., the No.2 in the line, managed to have its revenue post a slight growth of 2.1% to reach NT$952m (US$31.73m).

In the first 11 months Taiwan Cement saw its accumulated revenue shoot up 23.45% from a year earlier to reach NT$59.14bn (US$1.97bn), while Asia Cement raked in revenues of NT$9.862bn (US$328.73m) in the same period for an annual rise of 13.28%.

Bolstered by big public infrastructural projects such as the ongoing construction of mass rapid transit system in northern Taiwan, the projected expansion in the Wuku-Yangmei section of the Sun Yat-sen Highway, and the planned rapid transit system between Taipei and Taoyuan International Airport, Taiwan’s cement market demand in 2012 is estimated to edge up 2%-3% to 12.5-13Mt, according to industry insiders.

As for the market in China, the cement manufacturers there witnessed an average sizable annual growth of 70% in the first three quarters of 2011 and the above-mentioned two Taiwanese cement makers even saw their revenues from operations in China grow multi-folds in the period.