Taiwan Cement Corp, Taiwan’s largest cement producer, posted NT$2.64bn (US$75.86m) in consolidated Feb. sales, up 44.84% YoY and up 10.74% from the previous month.
The company said it scored NT$1.65bn (US$47.41m) in sales in Taiwan alone in February, representing a 6.74% year-on-year growth.
Taiwan Cement attributed the strong sales growth to the addition of three production lines to total nine in China and the substantial growth in sales in the southern China market.
Huang Chien-chiang, vice president of Taiwan Cement, noted his company has seen a 80% production equipment utilisation rate in all the nine production lines in southern China in February, enabling it to achieve substantial growth in shipments in that month.
The four trillion renminbi economic stimulus package launched by the mainland government will trigger ample demand for cement, hence the promising outlook for the next three years.