Economy & Market
Taiwan's cement producers raise prices by 15% in October
With the International Trade Commission under Taiwan's Ministry of Economic Affairs having proven preliminarily that dumping of China-sourced Portland cement type I, II, and clinkers has materially hurt the domestic cement industry, Taiwan's stock-listed cement firms may raise prices by 15 per cent in October. The ITC investigated to show that dumping of China-sourced cement forced Taiwan's producers to cut prices despite higher production costs in 2010. Domestic, listed cement producers include Taiwan Cement Corp., Asia Cement Corp., Chia Hsin Cement Corp., Universal Cement Corp., Lucky Cement Corp., Hsing Ta Cement Corp., Southeast Cement Corp., and Goldsun Development & Construction Corp., with Taiwan Cement and Asia Cement noting only prices on new orders will be raised reasonably. Other producers say they will follow their bigger counterparts only if the market is receptive to higher prices.