Taiwan’s cement firms to see marked shipment growth
Thanks to China’s stimulus programs to expand domestic demand, Taiwan’s leading cement firms, including Taiwan Cement Corp., Asia Cement Corp. and Goldsun Development & Construction Corp., will see substantial growth in shipments in the third quarter due to having landed orders for public works there.
Taiwan Cement said public-work orders command 30% of its daily shipment for the third quarter, up 30% from the previous quarter. Asia Cement noted it saw an increase of one million metric tons in orders for public works in the third quarter from the first quarter. Goldsun saw the public-work shipments increase to 40% of output in July from 20% in January.
Huang Chien-chiang, vice president of Taiwan Cement, said the firm has so far acquired orders of 1.5 million metric tons of cement for highway, high-speed railway and inter-city railway constructions, also predicting growth in orders for public works in the next two years.
Benefitting from China’s public works projects, Asia Cement currently has orders about 1.9Mt to be filled. The company said it has won orders for many public work projects and orders totaling over one million metric tons for public works projects are expected in the few months.
Goldsun assistant vice president S.Y. Chiu said its plant in Longyan of Fujian province currently ships between 180,000 and 200,000 tons per month, 40% of which fills steadily-growing orders for village construction and public works. The company predicted it will land more orders for public works till the end of this year. Published under Cement News
