Taiwan’s Asia Cement China plants outperforming sector
Asia Cement Corp is posting utilisation rates higher than the industry average for its plants in China, the Economic Daily News reported, citing the company’s head of mainland operations.
The group’s China plants have a 119 pct utilization rate, the report said, with operations averaging 345 days a year, compared with 300-330 days at plants owned by competitors. Chang Tsai-hsiung, chief executive officer of Asia Cement’s Hong Kong-listed unit Asia Cement (China) Holdings Corp, was quoted as saying that the plants are expected to attain high margins even though they are not the capacity leaders. Chang did not provide details. Earlier, Asia Cement said it expects to double its capacity on the mainland to 21.20Mt by 2011. Published under Cement News
