RECOVERING DEMAND:This year, China is expected to produce more than 2.4 billion tonnes of cement, an increase of at least 4 percent from last year’s figure, the firm said
Date: Oct 17, 2016
By: Kuo Chia-erh / Staff reporter
Taiwan Cement Corp (台灣水泥), the nation’s largest cement maker, said that by the end of the year it would raise prices of its cement products in China by as much as 7 percent, on the back of recovering demand.
The company’s latest price adjustments for its Chinese customers are scheduled to be announced early this week.
“We are planning to increase cement prices in southern China by 20 yuan [US$2.97] per tonne,” company senior vice president Edward Huang (黃健強) said by telephone on Friday last week.
The 70-year-old company said it is seeing a gradual recovery this year, supported by improving demand from China’s infrastructure and residential property sectors. [FULL STORY]