Taiwan Cement Corp (TCC) is operating at full utilisation rates in China due to increased demand, the company has said.
TCC said that workers have returned to construction sites across the country following the Lunar Year holiday and projects are expected to gather speed, stated reports in the Liberty Times.
A recent product price recovery also shows a tighter supply of cement in China, TCC said, adding that the price rebound is expected to continue. Currently, the company operates in several Chinese provinces, including Guangdong, Guangxi, Anhui, Fujian and Jiangsu.
Although China has introduced more measures to cool skyrocketing house prices, its policy of continuing to supply housing to mid and low-income households is expected to lend support to the domestic property market and lead to higher cement demand, the company said. More infrastructure projects are also expected to be launched later this year.
TCC expects cement demand to rise between 5.6-6 per cent to between 2.28-2.3bnt.
