Taiwan Cement Corp, which has plants based in China’s Guandong and Guangxi provinces, recently predicted profitability in the second quarter of this year.
Despite a shipment decrease of 200,000t in the above-mentioned plants in May from the previous month, Taiwan Cement has raised selling prices by 20%.
Taiwan Cement vice president C.C. Huang attributes the decrease in May shipment to the floods in Guangdong province in mid-May, resulting in shipment of only 2Mt of cement from plants in Guangdong and Guangxi provinces.
The company said its cement plant in Guigang of Guangxi province has seen substantial increase in shipment due to shipping half its output to Guangdong market in May to meet post-flood demand.