Taiwan Cement to raise export prices 9-12%
Taiwan Cement Corp will raise prices on exports to the Middle East, Africa and the Americas by 9-12 per cent from June 2008, the Commercial Times reported.
Senior vice president Edward Huang said in the report that the price hikes will reflect higher coal costs.
Due to limits on coal exports from South Africa and Australia, international coal prices are expected to rise and Taiwan Cement will charge more as a result.
Taiwan Cement’s production in Taiwan plants is about 10.7Mt, of which 5.0-5.2Mt are exported.
Published under Cement News
