Economy & Market
Asia Cement expects rise in shipments
Asia Cement Corp expects a rise in shipments from its Chinese unit based on the acquisition of two production lines in Sichuan province. Sale volumes are expected to increase to 8 mt this quarter, compared with 5.29 mt a quarter ago, following the recent acquisition by subsidiary Asia Cement (China) of Sichuan Lanfeng Cement Co. Recently Asia Cement (China) had reported a surge in first year earnings, boosted by higher average selling prices and lower coal costs.