Taiwan’s Asia Cement unit in China sees 2008 net profit up 66 per cent

Taiwan’s Asia Cement unit in China sees 2008 net profit up 66 per cent
Published: 18 June 2008

Asia Cement Corp’s unit in China expects a net profit of more than CNY500m this year, up 66 per cent from CNY300m posted last year, the Economic Daily News reported. China unit chief executive officer TH Chang said in the report that the mainland market’s demand for cement should grow in the second half this year. In particular, its plant in Chengdu will benefit from strong reconstruction demand following the devastating earthquake in China’s Sichuan province last month.