Taiwan Cement Corp. to Supply Infrastructure Works in China

Taiwan Cement Corp. to Supply Infrastructure Works in China
Published: 16 January 2009

Taiwan Cement Corporation, a leading cement maker in Taiwan, recently acquired orders to supply infrastructural projects in China, including Fuzhou Airport Rapid Transit System, Guangzhou expressway and railway construction. Taiwan Cement aims to derive 30% of its 2009 sales from China ’s infrastructural projects. Huang Chien-chiang, vice president of Taiwan Cement, noted his company’s Fuzhou plant has annual capacity of two million metric tons and concentrates on public works in the Fuzhou area. After becoming an approved cement supplier in the second half of 2008, Taiwan Cement’s Yingte plant in Guangdong Province has been stepping up to tap the public-works market.

After the mainland government announced to budget four trillion renminbi (US$585.65 billion) to expand domestic demand, said Taiwan Cement, Guangdong province has announced to invest 2.37 trillion renminbi (US$346.99 billion) in 10-major construction works in five years beginning in 2009, which will generate demand for 237 million metric tons of cement. Asia Cement Corporation currently generates some 30% of its sales from mainland’s public works. Despite the booming public-works market in China, Universal Cement Corporation said it would rather focus on the high-margin plant/office constructions in China .