Taiwan Cement’s consolidated sales double in March
Driven by the consistently prosperous cement market in China, Taiwan Cement Corp.’s China subsidiary – TCC International Holding Corp - shipped 2.9Mt of cement in March, for an all-time high to help Taiwan Cement secure 105.5% growth in consolidated sales in March from the preceding month.
Cement producers in Taiwan and China look set for bright prospects for the rest of this year due to increased demand, based on considerable growth in sales for Taiwan Cement and Asia Cement Corp in March and in the first quarter.
CC Huang, vice president of Taiwan Cement, said Taiwan’s cement market is growing fast due to the increased implementation of public works, as well as driven by the 12th national economic development plan, which calls for shutting the cement plants guilt of high energy consumption, pollution and low production efficiency.
An industry insider noted the average selling prices for cement in China will remain high due to increased demand on the Yangtze River Delta, southern, central and northern China, hence enabling these two firms to post peaks in sales and earnings this year.
Published under Cement News
