Demand remains high in Asia despite sluggish global economy, says company
Tipco Asphalt Plc (Tasco), Thailand’s largest asphalt producer, expects its sales to grow by 8.3% this year to 1.3 million tonnes despite a global economic slowdown and possible delay in state spending related to the lengthy process required to set up a new government.
Last year Tasco sold 1.2 million tonnes of asphalt.
Chaiwat Srivalwat, managing director of Tasco, attributed the growth to higher sales in the domestic market as well as in China and Indochina.
Demand for…
