Taiwan Cement Corp posts fall

Taiwan Cement Corp posts fall
Published: 11 February 2009

Taiwan Cement Corp posted combined revenues in January at NT$2.391bn, a fall of 19.95% YoY, while its revenues in domestic market were at NT$1.601 billion, or a fall of 28.98%, showing the contribution from overseas reinvestments played important role in its revenues in January.

Earlier, the company confirmed it has acquired cement orders from China for construction of Fujien province rural areas and the construction works in roads and railroads in Guangzhou city.

The company pointed out that China’s orders based on policy of developing rural areas and expanding domestic consumption are gradually released, estimating the demand of Chinese market on cement will increase by 6% in 2009 from originally projected 2%.