Taipei Times
Date: Aug 19, 2016
By: Kuo Chia-erh / Staff reporter

Taiwan Cement Corp (台泥) yesterday said it was optimistic about its sales outlook in the second half of the year, benefiting from recovering demand in China.

The nation’s biggest cement maker said demand in the coming months is expected to be supported by Chinese infrastructure need and residential property sector. The company is the seventh-largest cement maker in China by capacity.

“We saw strong infrastructure spending in China supported cement demand in the first half, which is expected to continue growing for the rest of the year,” Taiwan Cement senior vice president Edward Huang (黃健強) told an investors’ conference in Taipei.

As land purchases in China picked up after 16 months of decline in March, demand for residential property is improving and that might be the catalyst for sales in the second half, Huang said.     [FULL  STORY]