Chia Hsin sees improving China cement price in 2007

Chia Hsin sees improving China cement price in 2007
Published: 27 October 2006

Chia Hsin Cement Greater China Holding Corp, the second-largest Hong Kong-listed cement firm, sees growth in prices for the material accelerating in 2007 as Beijing persists in shutting backward, polluting players. 
 
In particular, the cement market in the country’s east -- where Chia Hsin is based -- is expected to revive, given the fourth quarter is a traditional peak season, chief executive officer Jason Chang told Reuters on Friday. 
 
"Cement prices should warrant a faster recovery in 2007, when China enters its second year of the 11th-five year economic plan and ahead of the 2008 Beijing Olympics and 2010 Shanghai World Expo," he said in a telephone interview. 
 
China’s fragmented, overcrowded cement industry churns out half of the world’s cement.