In the first 11 months Taiwan Cement saw its accumulated revenue shoot up 23.45% from a year earlier to reach NT$59.14bn (US$1.97bn), while Asia Cement raked in revenues of NT$9.862bn (US$328.73m) in the same period for an annual rise of 13.28%.
Bolstered by big public infrastructural projects such as the ongoing construction of mass rapid transit system in northern Taiwan, the projected expansion in the Wuku-Yangmei section of the Sun Yat-sen Highway, and the planned rapid transit system between Taipei and Taoyuan International Airport, Taiwan’s cement market demand in 2012 is estimated to edge up 2%-3% to 12.5-13Mt, according to industry insiders.
As for the market in China, the cement manufacturers there witnessed an average sizable annual growth of 70% in the first three quarters of 2011 and the above-mentioned two Taiwanese cement makers even saw their revenues from operations in China grow multi-folds in the period.
