Taiwan Cement Corp. has reportedly raised prices in Guangdong province, which is the company’s biggest market in China. Prices are up by RMB20/t on the back of rising demand in the region. The fourth quarter is said to be China’s peak construction season and with the government pushing infrastructure investment, Taiwan Cement is likely to see a boost to its bottom line before the end of the year. This is the second time the company has raised prices in Guangdong, having added RMB10/t to the cost of cement in August. Taiwan Cement may also consider price hikes in other provinces, depending on demand.
Taiwan Cement earns the majority of its income from cement sales in mainland China, where it sold almost 23 million t of cement in the first half of this year compared with just over 3 million t in Taiwan.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/30092014/taiwan-cement-raises-prices-as-demand-rises-575/
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