With annual sales breaking the NT$100bn mark last year, Taiwan Cement Corp, Taiwan`s leading cement producer, predicted its sales to hit a historic high record with improved earnings in 2011.
Taiwan Cement chairman Leslie Koo said his company saw conspicuous sales growth in the first two months of this year and the cement industry in China is the most promising ever seen in history. Koo noted Taiwan Cement Group will see annual cement production capacity exceed 60Mt in both Taiwan and China by the end of this year.
The group has aimed to rank among China’s top-three cement producers in the medium-term. As China government has placed energy saving and carbon reduction on the list of industries for rapid development, leading cement producers will go larger as less-efficient cement plants will be forced to shut down.
At present, Taiwan Cement ranked sixth in China’s cement industry. The group will continually expand production capacity and boost its presence in China by means of mergers and acquisitions. By the end of this year, Taiwan Cement will increase three cement production lines, each in Sichuan province, Chongqing City and Guizhou province. With the additional production from the above-mentioned new production lines, the group will see annual production capacity reach over 47Mt of cement in China this year.