Taiwan's cement manufacturers record mixed results

Taiwan’s major cement manufacturers have reported mixed results in the first two months of 2020.

Taiwan Cement Corp
Taiwan Cement Corp has seen a 1.7 per cent decline in February revenue to TWD5bn (US$166.8m) from TWD5.09bn a year earlier. In the first two months of 2020, total revenue was down 13.7 per cent YoY to TWD12.5bn from TWD14.5bn.

Asia Cement Corp
Asia Cement Corp has also recorded a 9.9 per cent fall in sales to TWD2.85bn in February, compared with TWD3.17bn in the year-ago period. The 2M20 saw the company post a 27.2 per cent YoY dip in revenue to TWD8.06bn.

Universal Cement Corp
Elsewhere, Universal Cement recorded a 53 per cent YoY surge in revenue to TWD414.1m from TWD270.6m in February 2019. Jan-Feb 2020 saw the company post a 3.2 per cent YoY rise in sales to TWD774m from TWD750m.

Hsing Ta Cement
Hsing Ta Cement has seen a 33.2 per cent YoY increase in February 2020 revenue to TWD199.78m from TWD149.96m. However, in the first two months of the year total sales were down 17.4 per cent to TWD676.49m.