Taiwanese cement producer TCC International says its sales volume and selling price are set to jump in the second half on the back of growing demand.
The firm has expanded production capacity by 50 per cent to meet rising orders. First-half sales volume surged 75 percent from a year ago to 12.24Mt.
"The second half, especially from September, is our busiest season as the weather [with little rain] is more conducive for the construction industry," said TCC managing director Wu Yih-chin.
TCC’s capital expenditure in the second half will be around HK$1.7bn. But Wu warned that its net gearing ratio may increase to 100 per cent by year-end from 80 per cent.