Asia Cement expects rise in shipments following Sichuan acquisition

Asia Cement Corp expects a strong rise in shipments from its Chinese unit during the second quarter of 2014 compared to the same period a year ago, as it is set to benefit from the acquisition of two production lines in Sichuan province.

Deliveries are expected to increase to 8Mt this quarter, compared with 5.29Mt a quarter ago, following the recent acquisition by subsidiary Asia Cement (China) of Sichuan Lanfeng Cement Co, the company said.

Earlier this week Asia Cement (China) reported a surge in first year earnings, boosted by higher average selling prices and lower coal costs.