Taiwan: Taiwan Cement sales down 20.8% year-on-year in 2015

Taiwanese cement producer Taiwan Cement Corp saw its 2015 year-on-year sales fall 20.8% to TWD 93.68 billion (US$2.89 billion), while the company’s net income dropped by 46.7% to TWD 5.78 billion ($178.67 million). During October-December 2015, revenue and net income of the firm fell by 17% and 31.3% to TWD 24.6 billion ($760.45 million) and TWD 1.78 billion ($55.02 million) respectively, as compared to October-December 2014. In January-March 2016, the company's revenue stood at TWD 17.73 billion ($54
April 18, 2016 Read time: 1 min

Taiwanese cement producer Taiwan Cement Corp saw its 2015 year-on-year sales fall 20.8% to TWD 93.68 billion (US$2.89 billion), while the company’s net income dropped by 46.7% to TWD 5.78 billion ($178.67 million).

During October-December 2015, revenue and net income of the firm fell by 17% and 31.3% to TWD 24.6 billion ($760.45 million) and TWD 1.78 billion ($55.02 million) respectively, as compared to October-December 2014.

In January-March 2016, the company's revenue stood at TWD 17.73 billion ($548.08 million), decreasing by 17.3% year-on-year. The firm's shipments to China hiked by almost 18% to 10.8 million tonnes during the three-month period.

On 13 April 2016, the company said that it aims to see its business to improve in July-December 2016.

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Pakistan dispatches 3.15mn tonnes of cement in September

In Pakistan, a total of 3.15 million tonnes of cement were dispatched in September 2014, an increase by 7.08% from 2.94 million tonnes in the the same month in 2013.

During the month 2.42 million tonnes of cement were dispatched to domestic markets, a 13.86% growth from 2.12 million tonnes in September 2013.

Exports dropped 10.6% year-over-year from 816,000tonnes to 730,000tonnes in the month under review.

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